Common use of Non-Transferability of the Option Clause in Contracts

Non-Transferability of the Option. Except as authorized by the Board, the Option is non-transferable by the Participant except by will or the laws of descent and distribution or pursuant to a qualified domestic relations order, and the Option may be exercised, during the lifetime of the Participant, only by the Participant or by the Participant’s guardian or legal representative or any transferee described above.

Appears in 2 contracts

Samples: Non Statutory Stock Option Agreement (RenovaCare, Inc.), Stock Option Agreement (SolarWindow Technologies, Inc.)

AutoNDA by SimpleDocs

Non-Transferability of the Option. Except as authorized by the Board, the The Option is non-transferable by the Participant except other than by will or the laws of descent and distribution or pursuant to a qualified domestic relations order, and the Option may be exercised, during the lifetime of the Participant, only by the Participant or by the Participant’s guardian or legal representative or any transferee described above.

Appears in 1 contract

Samples: Stock Option Agreement (RenovaCare, Inc.)

AutoNDA by SimpleDocs

Non-Transferability of the Option. Except as authorized by the Board, the Option is Options are non-transferable by the Participant except other than by will or the laws of descent and distribution or pursuant to a qualified domestic relations order, and the Option Options may be exercised, during the lifetime of the Participant, only by the Participant or by the Participant’s guardian or legal representative or any transferee described above.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (SolarWindow Technologies, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.