Common use of Transfer Restrictions Clause in Contracts

Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Appears in 119 contracts

Samples: Restricted Stock Agreement (Demandware Inc), Stock Option Award Agreement (Accretive Health, Inc.), Nonstatutory Stock Option Award Agreement (Accretive Health, Inc.)

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Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Appears in 117 contracts

Samples: Employment Agreement (Allena Pharmaceuticals, Inc.), Employment Agreement (Allena Pharmaceuticals, Inc.), Incentive Stock Option Agreement (Translate Bio, Inc.)

Transfer Restrictions. This option (a) The Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option the Option shall be exercisable only by the Participant.

Appears in 15 contracts

Samples: Eco Science (Eco Science Solutions, Inc.), Stock Option Agreement (Barfresh Food Group Inc.), Qualified Stock Option Agreement (Lifeapps Brands Inc.)

Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant.

Appears in 8 contracts

Samples: Restricted Stock Unit Agreement (Endurance International Group Holdings, Inc.), Restricted Stock Unit Agreement (Endurance International Group Holdings, Inc.), Stock Option Agreement (Endurance International Group Holdings, Inc.)

Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Appears in 7 contracts

Samples: Nonstatutory Stock Option Agreement (Verastem, Inc.), Stock Option Agreement (Verastem, Inc.), Incentive Stock Option Agreement (Verastem, Inc.)

Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistribution applicable to the Participant, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Demandware Inc), Restricted Stock Agreement (Demandware Inc), Stock Option Agreement (Demandware Inc)

Transfer Restrictions. This option may not be sold, assigned, transferredtransferred , pledged pledged, hypothecated or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, distribution or pursuant to a qualified domestic relations order and, during the lifetime life of the Participant, this option shall be exercisable only by the Participant.

Appears in 6 contracts

Samples: Nonstatutory Stock Option Agreement (OvaScience, Inc.), Nonstatutory Stock Option Agreement (OvaScience, Inc.), Stock Option Agreement (OvaScience, Inc.)

Transfer Restrictions. This option may not be sold, assigned, transferred, pledged pledged, hypothecated or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, distribution or pursuant to a qualified domestic relations order and, during the lifetime life of the Participant, this option shall be exercisable only by the Participant.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (OvaScience, Inc.), Stock Option Agreement (OvaScience, Inc.), Stock Option Agreement (OvaScience, Inc.)

Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. The Participant agrees that he or she will not transfer any Shares issued pursuant to the exercise of this option unless the transferee, as a condition to such transfer, delivers to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Zipcar Inc), Stock Option Agreement (Zipcar Inc)

Transfer Restrictions. This (a)This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.. ​

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (PTC Therapeutics, Inc.), Nonstatutory Stock Option Agreement (PTC Therapeutics, Inc.)

Transfer Restrictions. (a) This option Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option Option shall be exercisable only by the Participant.

Appears in 2 contracts

Samples: Stock Option Agreement (Rent the Runway, Inc.), Incentive Stock Option Agreement (Rent the Runway, Inc.)

Transfer Restrictions. This option Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option Option shall be exercisable only by the Participant.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Dare Bioscience, Inc.), Nonstatutory Stock Option Agreement (Dare Bioscience, Inc.)

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Transfer Restrictions. This option The Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option the Option shall be exercisable only by the Participant.. 19578271.2 Exhibit 10.21

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Liveperson Inc)

Transfer Restrictions. This option may not be sold, assigned, transferred, pledged pledged, encumbered or otherwise encumbered disposed of by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Appears in 1 contract

Samples: Stock Option Agreement (Epizyme, Inc.)

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant.

Appears in 1 contract

Samples: Stock Option Agreement (Ikaria, Inc.)

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Appears in 1 contract

Samples: Concert Pharmaceuticals, Inc.

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistribution relevant to the Participant, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Appears in 1 contract

Samples: Share Option Agreement (uniQure B.V.)

Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.. Exhibit 10.6

Appears in 1 contract

Samples: Agreement (Verastem, Inc.)

Transfer Restrictions. This option The Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option the Option shall be exercisable only by the Participant.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Liveperson Inc)

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