Common use of Transfer of Option Clause in Contracts

Transfer of Option. The option is not transferable except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 11 contracts

Samples: Incentive Stock Option Letter Agreement (NMT Medical Inc), U S Wireless Data Inc, U S Wireless Data Inc

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Transfer of Option. The option is not transferable except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations orderdistribution.

Appears in 5 contracts

Samples: Non Qualified Stock Option Letter Agreement (Microsemi Corp), Incentive Stock Option Letter Agreement (Microsemi Corp), Incentive Stock Option Letter Agreement (Microsemi Corp)

Transfer of Option. The option Option is not transferable except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Letter Agreement (NMT Medical Inc), Exhibit (NMT Medical Inc), Settlement Agreement (NMT Medical Inc)

Transfer of Option. The Subject to the Plan, the option is not transferable transferable, except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 2 contracts

Samples: Letter Agreement (Elite Pharmaceuticals Inc /De/), Letter Agreement (Elite Pharmaceuticals Inc /De/)

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Transfer of Option. The option is not transferable except by will or by ------------------ the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 1 contract

Samples: Stock Option Agreement (Nitinol Medical Technologies Inc)

Transfer of Option. The option Option is not transferable transferable, except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 1 contract

Samples: Nonqualified Stock Option Letter Agreement (NMT Medical Inc)

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