Common use of Nontransferability Clause in Contracts

Nontransferability. The Option is nonassignable and nontransferable by the Optionee, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of the state or country of the Optionee’s domicile at the time of death, and during the Optionee’s lifetime, the Option is exercisable only by the Optionee.

Appears in 15 contracts

Samples: Verasun Energy (Verasun Energy Corp), Form of Incentive Stock Option Agreement (Methes Energies International LTD), Non Statutory Stock Option Agreement (Methes Energies International LTD)

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Nontransferability. The Option is nonassignable and nontransferable by the Optionee, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of the state or country of the Optionee’s 's domicile at the time of death, and during the Optionee’s 's lifetime, the Option is exercisable only by the Optionee.

Appears in 9 contracts

Samples: Incentive Stock Option Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Incentive Stock Option Agreement (Verasun Energy Corp), Non Statutory Stock Option Agreement (Verasun Energy Corp)

Nontransferability. The This Option is nonassignable and nontransferable by except, in the event of the Optionee's death, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of subject to the state or country of terms hereof. During the Optionee’s domicile at the time of death, and during the Optionee’s 's lifetime, the this Option is exercisable may be exercised only by the Optionee.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (Landamerica Financial Group Inc), Non Qualified Stock Option Agreement (Landamerica Financial Group Inc), Landamerica Financial (Landamerica Financial Group Inc)

Nontransferability. The This Option is nonassignable and nontransferable by except, in the event of the Optionee’s death, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of subject to the state or country of the Optionee’s domicile at the time of death, and during the terms hereof. During Optionee’s lifetime, the this Option is exercisable may be exercised only by the Optionee.

Appears in 5 contracts

Samples: Stock Option Agreement (Hilb Rogal & Hobbs Co), Non Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/), Non Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/)

Nontransferability. The Option This option is nonassignable and nontransferable by except, in the event of the Optionee's death, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of subject to the state or country of the terms hereof. During Optionee’s domicile at the time of death, and during the Optionee’s 's lifetime, the Option is exercisable this option may be exercised only by the Optionee.

Appears in 3 contracts

Samples: Landamerica Financial (Landamerica Financial Group Inc), Landamerica Financial (Landamerica Financial Group Inc), Landamerica Financial (Landamerica Financial Group Inc)

Nontransferability. The This Option is nonassignable and nontransferable by except, in the event of the Optionee's death, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of subject to the state or country of the terms hereof. During Optionee’s domicile at the time of death, and during the Optionee’s 's lifetime, the this Option is exercisable may be exercised only by the Optionee.

Appears in 3 contracts

Samples: Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/), Non Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/), Non Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/)

Nontransferability. The Option is nonassignable and nontransferable non-transferable by the Optionee, either voluntarily or by operation of law, Optionee except by will or by the laws of descent and distribution of the state or country of the Optionee’s domicile at the time of death, and is exercisable during the Optionee’s lifetime, the Option is exercisable lifetime only by the Optionee.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Precision Castparts Corp), Nonstatutory Stock Option Agreement (Precision Castparts Corp)

Nontransferability. The Option is nonassignable and nontransferable by Optionee shall not assign or transfer the OptioneeOption, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of the state or country of the Optionee’s domicile at the time of death, and during . During the Optionee’s lifetime, only the Option is exercisable only by Optionee may exercise the OptioneeOption.

Appears in 2 contracts

Samples: Statutory Stock Option Agreement (Erickson Air-Crane Inc), Incentive Stock Option Agreement (Erickson Air-Crane Inc)

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Nontransferability. The Except as provided in this Section 4, the Option is nonassignable and nontransferable by the Optionee, either voluntarily or by operation of law, except and during the Optionee’s lifetime, the Option is exercisable only by the Optionee. The Option may be transferred by will or by the laws of descent and distribution of the state or country of the Optionee’s domicile at the time of death, and during the Optionee’s lifetime, the Option is exercisable only by the Optionee.

Appears in 2 contracts

Samples: 2017 Incentive Stock Option Award Agreement (SunOpta Inc.), SunOpta Inc.

Nontransferability. The Option is Except as provided in this Section 9 the Options are nonassignable and nontransferable by the Optionee, either voluntarily or by operation of law, except and during the Optionee's lifetime, the Options are exercisable only by the Optionee. The Options may be transferred by will or by the laws of descent and distribution of the state or country of the Optionee’s 's domicile at the time of death, and during the Optionee’s lifetime, the Option is exercisable only by the Optionee.

Appears in 2 contracts

Samples: Stock Option Award Agreement (SunOpta Inc.), Stock Option Award Agreement (SunOpta Inc.)

Nontransferability. The Option is Except as provided in this Section 9 the Options are nonassignable and nontransferable by the Optionee, either voluntarily or by operation of law, except and during the Optionee’s lifetime, the Options are exercisable only by the Optionee. The Options may be transferred by will or by the laws of descent and distribution of the state or country of the Optionee’s domicile at the time of death, and during the Optionee’s lifetime, the Option is exercisable only by the Optionee.

Appears in 1 contract

Samples: Stock Option Award Agreement (SunOpta Inc.)

Nontransferability. The Except as provided in this Section 4, the Option is nonassignable and nontransferable by the Optionee, either voluntarily or by operation of law, except and during the Optionee's lifetime, the Option is exercisable only by the Optionee. The Option may be transferred by will or by the laws of descent and distribution of the state or country of the Optionee’s 's domicile at the time of death, and during the Optionee’s lifetime, the Option is exercisable only by the Optionee.

Appears in 1 contract

Samples: 2022 Incentive Stock Option Award Agreement (SunOpta Inc.)

Nontransferability. The Option is Except as provided in this Section 9 the Options are nonassignable and nontransferable by the OptioneeOptionee , either voluntarily or by operation of law, except and during the Optionee’s lifetime, the Options are exercisable only by the Optionee. The Options may be transferred by will or by the laws of descent and distribution of the state or country of the Optionee’s domicile at the time of death, and during the Optionee’s lifetime, the Option is exercisable only by the Optionee.

Appears in 1 contract

Samples: Stock Option Award Agreement (SunOpta Inc.)

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