Common use of NONTRANSFERABILITY OF THE OPTION Clause in Contracts

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 68 contracts

Samples: Nonstatutory Stock Option Agreement (Adobe Systems Inc), Nonstatutory Stock Option Agreement (Adobe Systems Inc), Stock Option Plan (Composite Technology Corp)

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NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's ’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's ’s legal representative or by any person empowered to do so under the deceased Optionee's ’s will or under the then applicable laws of descent and distribution.

Appears in 35 contracts

Samples: Stock Option Agreement (Bakbone Software Inc), Nonstatutory Stock Option Agreement (Interwoven Inc), Finisar Corporation Stock Option Agreement (Finisar Corp)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 76, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 5 contracts

Samples: Option Grant Agreement (Migratec Inc), Stock Purchase Agreement (General Magic Inc), Extreme Networks Inc

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's ’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 76, may be exercised by the Optionee's ’s legal representative or by any person empowered to do so under the deceased Optionee's ’s will or under the then applicable laws of descent and distribution.

Appears in 5 contracts

Samples: Nonstatutory Stock Option Agreement (Maxtor Corp), Terms of Stock Option Agreement (Verisign Inc/Ca), Stock Option Grant Agreement (Interwoven Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during -------------------------------- the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Krause L William), Nonstatutory Stock Option Agreement (Pumatech Inc), Option Agreement (Pumatech Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's ’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 76 of the Director Plan, may be exercised by the Optionee's ’s legal representative or by any person empowered to do so under the deceased Optionee's ’s will or under the then applicable laws of descent and distribution.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (Kaydon Corp), Nonstatutory Stock Option Agreement (Kaydon Corp), Nonstatutory Stock Option Agreement (Kaydon Corp)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's ’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's ’s legal representative or by any person Person empowered to do so under the deceased Optionee's ’s will or under the then applicable laws of descent and distribution.

Appears in 3 contracts

Samples: Stock Option Agreement (PDL Biopharma, Inc.), Stock Option Agreement (PDL Biopharma, Inc.), Stock Option Agreement (PDL Biopharma, Inc.)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person Person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Protein Design (Protein Design Labs Inc/De), Stock Option Agreement (Protein Design Labs Inc/De)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised -------------------------------- during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Pumatech Inc), Option Agreement (Pumatech Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be so exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution. 6.

Appears in 1 contract

Samples: Self Heating Container (Ontro Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be so exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Self Heating Container (Ontro Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, Option may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Halozyme Therapeutics Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned sold, pledged, assigned, hypothecated, transferred, or transferred disposed of in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Ventro Corp)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.the

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Starbase Corp)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's Optionee"s legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Option Agreement (Telect Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be so exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Ontro Inc)

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NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may be not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7G, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Ciena Corp)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7the Plan, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Ask Jeeves Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution. 6.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Netscape Communications Corp)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.in

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Eco Soil Systems Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by (Exhibit A) the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Option Agreement (Aastrom Biosciences Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only the by the Optionee or the Optionee's ’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, D.2 may be exercised by the Optionee's ’s legal representative or by any person empowered to do so under the deceased Optionee's ’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Nonstatutory Stock (Ciena Corp)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution.empowered

Appears in 1 contract

Samples: Stock Option Agreement (Jda Software Group Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's ’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, Option (to the extent provided exercisable in accordance with Section 7, 4.1 and Section 6) may be exercised by the Optionee's ’s legal representative or by any person empowered to do so under the deceased Optionee's ’s will or under the then applicable laws of descent and distribution.

Appears in 1 contract

Samples: Executive Employment Agreement (Ambrx Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's ’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distributionmanner. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's legal representative or by any person empowered to do so under the deceased Optionee's will or under the then applicable laws of descent and distribution’s personal representative.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Interwoven Inc)

NONTRANSFERABILITY OF THE OPTION. The Option may be exercised during the lifetime of the Optionee only by the Optionee or the Optionee's ’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided in Section 7, may be exercised by the Optionee's ’s legal representative or by any person empowered to do so under the deceased Optionee's ’s will or under the then applicable laws of descent and distribution.. 4

Appears in 1 contract

Samples: Stock Option Agreement (Zones Inc)

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