Common use of Nontransferability of Option Clause in Contracts

Nontransferability of Option. This Option may not be transferred in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 30 contracts

Samples: Non Plan Stock Option Agreement (Cepheid), Non Plan Stock Option Agreement (Niku Corp), Non Plan Stock Option Agreement (Silicon Image Inc)

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Nontransferability of Option. This The Option may not be transferred in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee Participant only by OptioneeParticipant. The terms of this the Option shall be binding upon the executors, administrators, successors and assigns of OptioneeParticipant.

Appears in 27 contracts

Samples: Option Agreement (Vyyo Inc), Stock Option Agreement (Jones Soda Co), Stock Option Agreement (Telegen Corp /Co/)

Nontransferability of Option. This Option may not be transferred in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 19 contracts

Samples: Stock Option Agreement (Verisign Inc/Ca), Stock Option Agreement (Silicon Image Inc), Stock Option Agreement (China Health Resource, Inc.)

Nontransferability of Option. This Option may shall not be transferred in any manner other transferable by Optionee otherwise than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optioneedistribution. The terms of this Option shall be binding upon on the executors, administrators, successors heirs and assigns Successors of Optionee.

Appears in 8 contracts

Samples: Non Qualified Stock Option Award Agreement (Ingram Micro Inc), Non Qualified Stock Option Award Agreement (Ingram Micro Inc), Non Qualified Stock Option (Ingram Micro Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than by will or by the laws of descent and distribution and may be exercised during distribution. During the lifetime of Optionee Optionee, the Option shall be exercisable only by Optionee personally or by the Optionee's legal representative. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 7 contracts

Samples: Stock Option Agreement (Stamford Industrial Group, Inc.), Stock Option Agreement (Stamford Industrial Group, Inc.), Stock Option Agreement (Stamford Industrial Group, Inc.)

Nontransferability of Option. This Option may not be transferred in ---------------------------- any manner other than by will or by the laws of descent decent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors successor and assigns of Optionee.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Exodus Communications Inc), Nonqualified Stock Option Agreement (Exodus Communications Inc), Nonqualified Stock Option Agreement (Exodus Communications Inc)

Nontransferability of Option. This Option may shall not be transferred in any manner other than transferable by will or by Optionee except pursuant to the laws of descent and distribution and may be exercised during the lifetime of Optionee only by OptioneePlan. The terms of this Option shall be binding upon on the executors, administrators, successors heirs, successors, and assigns of Optionee.

Appears in 4 contracts

Samples: Option Agreement (Bright Horizons Family Solutions Inc), Option Agreement (Bright Horizons Family Solutions Inc), Option Agreement (Bright Horizons Family Solutions Inc)

Nontransferability of Option. This Option may shall not be transferred in any manner other transferable by the Optionee otherwise than by will or by the laws of descent and distribution distribution, and may be exercised is exercisable during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon on the executors, administrators, heirs and successors and assigns of Optionee.

Appears in 4 contracts

Samples: Stock Option Agreement (Community Financial Group Inc), Stock Option Agreement (Community Financial Group Inc), Stock Option Agreement (Community Financial Group Inc)

Nontransferability of Option. This Option may not be transferred in any manner ---------------------------- manner, other than by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 3 contracts

Samples: Employment Agreement (Infocure Corp), Employment Agreement (Infocure Corp), Employment Agreement (Infocure Corp)

Nontransferability of Option. This The Option may is not be transferred transferable in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee Participant's life only by Optioneethe Participant. The terms of this the Option shall be binding upon the executors, administrators, heirs, successors and assigns of Optioneethe Participant.

Appears in 2 contracts

Samples: Stock Option Agreement (Hypertension Diagnostics Inc /Mn), Stock Option Agreement (Hypertension Diagnostics Inc /Mn)

Nontransferability of Option. This Option may not be transferred in any manner other by the Optionee otherwise than by will or by the laws of descent decent and distribution and may be exercised during so long as the lifetime of Optionee lives, only by Optioneesuch Optionee or his guardian or legal representative shall have the right to exercise this Option. The terms of this Option shall be binding upon the executors, administrators, successors heirs, successors, and assigns assigned of Optioneethe Options.

Appears in 2 contracts

Samples: Non Incentive Stock Option Agreement (Kaffie Harris A), Non Incentive Stock Option Agreement (Kaffie Harris A)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than by will or by the laws of descent and or distribution and may be exercised during the lifetime of Optionee only by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Cyberonics Inc), Stock Option Agreement (Cyberonics Inc)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than by will or by the laws of descent and or distribution and may be exercised during the lifetime of the Optionee only by Optioneehim. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (New Iberia Bancorp Inc), Stock Option Agreement (Zions Bancorporation /Ut/)

Nontransferability of Option. This The Option may not be transferred in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee Participant only by OptioneeParticipant. The terms of this the Option shall be binding upon the executors, administrators, successors and assigns of OptioneeParticipant.

Appears in 2 contracts

Samples: Stock Option Agreement (Papa Anthony E), Stock Option Agreement (Pisani James P)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than by will or by the laws of descent and or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Cerbco Inc), Incentive Stock Option Agreement (Insituform East Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee. However, notwithstanding the foregoing, this Option may be transferred to the extent allowed by the Plan.

Appears in 2 contracts

Samples: Plan Stock Option Agreement (Cole Credit Property Trust II Inc), Plan Stock Option Agreement (Cole Credit Property Trust II Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, nor may it be made subject to execution, attachment or similar process, other than by will or by the laws of descent and distribution distribution, and this Option may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (HNC Software Inc/De), Non Qualified Stock Option Agreement (HNC Software Inc/De)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than by will or by the laws of descent and or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Willamette Valley Vineyards Inc), Incentive Stock Option Agreement (Willamette Valley Vineyards Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee’s lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Manhattan Associates Inc), Release and Settlement Agreement (Optio Software Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than by will or by the laws of descent and distribution distribution, except to the extent expressly allowed by the Plan, and may be exercised during the Optionee’s lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Qualcomm Inc/De

Nontransferability of Option. This Option may not be transferred in any manner manner, other than by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee. However, if this Option is a NQSO, it may be transferred to the extent allowed by the Plan.

Appears in 1 contract

Samples: Option Agreement (Behringer Harvard Reit I Inc)

Nontransferability of Option. This The Option may not be transferred in any manner other than by will or by the laws law of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Impax Laboratories Inc

Nontransferability of Option. This Option may not be transferred in any manner manner, other than by will or by the laws of descent and distribution distribution, or other than to the maximum extent allowed by the Plan, and this Option may be exercised during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Plan Stock Option Agreement (Behringer Harvard Reit I Inc)

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Nontransferability of Option. This The Option may not be transferred in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee or in the event of Optionee's incapacity, by Optionee's legal representative. The terms of this Option Agreement shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Option Agreement (Marketwatch Com Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of the Optionee.

Appears in 1 contract

Samples: Synopsys Inc

Nontransferability of Option. This Option may not be transferred ---------------------------- in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Tsi International Software LTD)

Nontransferability of Option. This Option may not be transferred in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee Optionholder only by OptioneeOptionholder. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of OptioneeOptionholder.

Appears in 1 contract

Samples: Stock Option Agreement (Ebay Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by OptioneeOptionee or any permitted transferee as set forth in the Plan. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of the Optionee.

Appears in 1 contract

Samples: Executive Employment Agreement (Cybersource Corp)

Nontransferability of Option. This Option may not be transferred ---------------------------- in any manner other than under the terms and conditions of the Plan or by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Netopia Inc)

Nontransferability of Option. This Option may not be transferred in any manner other otherwise than by will or by the laws of descent and or distribution or a qualified domestic relations order and may be exercised during the lifetime of Optionee only by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Cyberonics Inc)

Nontransferability of Option. This Option may not be transferred in any manner manner, other than by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee's lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Witness Systems Inc

Nontransferability of Option. This Option may not be transferred in any manner manner, other than by will or by the laws of descent and distribution distribution, and may be exercised during the Optionee’s lifetime of Optionee only by OptioneeOptionee or to the extent allowed by the Agreement. The terms of this Option shall be binding upon the executorsexecutor, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Omnimmune Holdings, Inc.)

Nontransferability of Option. This Option may not be transferred in any manner other than by will or by the laws of descent and distribution distribution, and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors successors, and assigns of Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Tech Laboratories Inc)

Nontransferability of Option. This Option may shall not be transferred in any manner transferable by the Optionee, other than by will or by the laws of descent and distribution distribution, and this Option may be exercised exercised, during the lifetime of Optionee the Optionee, only by the Optionee. The terms This deposit, if required, shall remain in effect with respect to any portion of the Option Shares until the occurrence of any of the events described in Section 5 of this Option shall be binding upon the executors, administrators, successors and assigns of OptioneeAgreement.

Appears in 1 contract

Samples: Non Qualified Restricted Stock Option Agreement (Veeco Instruments Inc)

Nontransferability of Option. This Option may not be transferred ---------------------------- in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.by

Appears in 1 contract

Samples: Stock Option Agreement (Ebay Inc)

Nontransferability of Option. This Option may not be transferred in any manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee or in the event of Optionee's incapacity, by Optionee's legal representative. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.

Appears in 1 contract

Samples: Qualified Stock Option Plan Stock Option Agreement (Iq Biometrix Inc)

Nontransferability of Option. This The Option may not be transferred in any ---------------------------- manner other than by will or by the laws of descent and distribution and may be exercised during the lifetime of Optionee Participant only by OptioneeParticipant. The terms of this the Option shall be binding upon the executors, administrators, successors and assigns of OptioneeParticipant.

Appears in 1 contract

Samples: Employment Agreement (Centaur Pharmaceuticals Inc)

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