Common use of Options Not Transferable Clause in Contracts

Options Not Transferable. Unless otherwise provided by the Committee in its discretion, Options may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of an Option in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void.

Appears in 7 contracts

Samples: Option Award Agreement (First Solar, Inc.), Option Award Agreement (First Solar, Inc.), Option Award Agreement (First Solar, Inc.)

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