Common use of Transferability Clause in Contracts

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 317 contracts

Samples: Stock Option Agreement (Dianthus Therapeutics, Inc. /DE/), Inducement Stock Option Agreement (Dianthus Therapeutics, Inc. /DE/), Employment Agreement (Cano Health, Inc.)

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Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s 's lifetime, only by the Optionee, and thereafter, only by the Optionee’s 's legal representative or legatee.

Appears in 32 contracts

Samples: Non Qualified Stock Option Agreement (Deciphera Pharmaceuticals, Inc.), Non Qualified Stock Option Agreement (Deciphera Pharmaceuticals, Inc.), Incentive Stock Option Agreement (Deciphera Pharmaceuticals, Inc.)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Share Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 22 contracts

Samples: Global Non Qualified Share Option Agreement (BeiGene, Ltd.), Global Non Qualified Share Option Agreement for Employees (BeiGene, Ltd.), Global Non Qualified Share Option Agreement (BeiGene, Ltd.)

Transferability. This Unless otherwise approved by the Committee, this Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Except as provided in Section 3(b) of this Agreement, the Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 15 contracts

Samples: Award Agreement (Mri Interventions, Inc.), Non Qualified Stock Option Agreement (Mri Interventions, Inc.), Non Employee Director (Mri Interventions, Inc.)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee. Notwithstanding the foregoing, this Stock Option may be transferred pursuant to a domestic relations order.

Appears in 9 contracts

Samples: Qualified Stock Option Agreement (Amag Pharmaceuticals, Inc.), Non Qualified Stock Option Agreement (Amag Pharmaceuticals, Inc.), Non Qualified Stock Option Agreement (Amag Pharmaceuticals, Inc.)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s 's lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal 's personal representative or legateebeneficiary.

Appears in 9 contracts

Samples: Incentive Stock Option Agreement (Primix), Incentive Stock Option Agreement (Primix), Non Qualified Stock Option Agreement (Primix)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. The rights and obligations of the Company under this Stock Option may be assigned by the Company to a successor provided that such successor assumes in writing all of such rights and obligations. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (Zoll Medical Corporation), Non Qualified Stock Option Agreement (Zoll Medical Corporation), Non Qualified Stock Option Agreement (Zoll Medical Corporation)

Transferability. This Agreement is personal to the Optionee, is non-non- --------------- assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s 's lifetime, only by the Optionee, and thereafter, only by the Optionee’s 's legal representative or legatee.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Circor International Inc), Incentive Stock Option Agreement (Merkert American Corp), Incentive Stock Option Agreement (Circor International Inc)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only or by the Optionee’s legal representative or legateeguardian in the event of the Optionee’s incapacity.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Albany Molecular Research Inc), Incentive Stock Option Agreement (Albany Molecular Research Inc), Incentive Stock Option Agreement (Albany Molecular Research Inc)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This The Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Rocket Pharmaceuticals, Inc.), Non Qualified Stock Option Agreement (Rocket Pharmaceuticals, Inc.), Incentive Stock Option Agreement (Rocket Pharmaceuticals, Inc.)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This ; provided, however, that with the consent of the Administrator, this Stock Option is exercisablemay be transferred, during without payment of consideration, to a member of the Optionee’s lifetime, only by the Optionee, and thereafter, only by immediate family or to a trust or partnership whose beneficiaries are members of the Optionee’s legal representative or legateeimmediate family.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Progress Software Corp /Ma), Non Qualified Stock Option Agreement for Non Employee Directors (Progress Software Corp /Ma), Non Qualified Stock Option Agreement (Progress Software Corp /Ma)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 3 contracts

Samples: Stock Option Agreement (Citrix Systems Inc), Non Qualified Stock Option Agreement (Citrix Systems Inc), Non Qualified (Harvard Bioscience Inc)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee. 6.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (POINT Biopharma Global Inc.), Non Qualified Stock Option Agreement (POINT Biopharma Global Inc.), C4 Therapeutics, Inc.

Transferability. This Agreement is personal to the Optionee, is non-assignable assignable, and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, thereafter only by the Optionee’s legal representative or legatee.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Lemaitre Vascular Inc), Non Qualified Stock Option Agreement (Lemaitre Vascular Inc), Non Qualified Stock Option Agreement (Lemaitre Vascular Inc)

Transferability. This Except as otherwise permitted by the Plan, this Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement for Employees (Ponce Financial Group, Inc.), Qualified Stock Option Agreement for Employees (PDL Community Bancorp), Non Qualified Stock Option Agreement (PDL Community Bancorp)

Transferability. This Agreement is personal to the Optionee, is non-non- --------------- assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s 's lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal 's personal representative or legateebeneficiary.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Onewave Inc), Incentive Stock Option Agreement (Onewave Inc)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legateelegatee in accordance with the schedule set forth in Section 2(b) or as otherwise permitted by Section 409A of the Code.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Clarus Therapeutics Inc), Non Qualified Stock Option Agreement (Clarus Therapeutics Inc)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Share Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.. Version: June 2022

Appears in 2 contracts

Samples: Global Non Qualified Share Option Agreement (BeiGene, Ltd.), Global Non Qualified Share Option Agreement for Employees (BeiGene, Ltd.)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This ; provided, however, that with the consent of the Administrator, this Stock Option is exercisablemay be transferred, during without payment of consideration, to a member of the Optionee’s lifetime, only by 's immediate family or to a trust or partnership whose beneficiaries are members of the Optionee, and thereafter, only by the Optionee’s legal representative or legatee's immediate family.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Progress Software Corp /Ma), Non Qualified Stock Option Agreement (Progress Software Corp /Ma)

Transferability. This Notwithstanding any agreement between the Company and the Optionee to the contrary, this Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s 's lifetime, only by the Optionee, and thereafter, only by the Optionee’s 's legal representative or legatee.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Vicor Corp), Non Qualified Stock Option Agreement (Vicor Corp)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee. Notwithstanding the foregoing, the Optionee may transfer this Stock Option by gift or domestic relations order to members of his immediate family, to trusts for the benefit of such family members, or to partnerships in which such family members are the only partners, provided that the transferee agrees in writing with the Company to be bound by all of the terms and conditions of the Plan and this Stock Option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Plug Power Inc), Non Qualified Stock Option Agreement (Plug Power Inc)

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Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Share Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legateePersonal Representative.

Appears in 2 contracts

Samples: 102 Share Option Agreement for Employees (Mimecast LTD), Restricted Share Unit Award Agreement (Mimecast LTD)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option option is exercisable, during the Optionee’s 's lifetime, only by the Optionee, and thereafter, only by the Optionee’s 's legal representative or legatee.

Appears in 2 contracts

Samples: Agreement (Peoples Bancshares Inc), Peoples Bancshares Inc

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the applicable laws of descent and distribution. This Stock Share Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 1 contract

Samples: Non Qualified Share Option Agreement (Mimecast LTD)

Transferability. This Agreement Stock Option is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option , and is exercisable, during the Optionee’s 's lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 1 contract

Samples: Option Agreement (LSB Corp)

Transferability. This Unless otherwise approved by the Administrator, this Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Anthera Pharmaceuticals Inc)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.. LIBB/1623189.2

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Danvers Bancorp, Inc.)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.. ​ ​

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Blueprint Medicines Corp)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distributiondistribution applicable to the Optionee. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Brightcove Inc)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee. Notwithstanding the foregoing, the Optionee may transfer this Stock Option to members of his immediate family, to trusts for the benefit of such family members, or to partnerships in which such family members are the only partners, provided that the transferee agrees in writing with the Company to be bound by all of the terms and conditions of the Plan and this Stock Option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Circor International Inc)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Harvard Bioscience Inc)

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, may be exercised during the Optionee’s lifetime, 's lifetime only by the Optionee, and thereafter, only by the Optionee’s 's legal representative or legatee.

Appears in 1 contract

Samples: Fargo Electronics Inc

Transferability. This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.. ​

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Blueprint Medicines Corp)

Transferability. This Notwithstanding any agreement between the Company and the Optionee to the contrary, this Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Vicor Corp)

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