Common use of Beneficiary Designation Clause in Contracts

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 42 contracts

Samples: Option Agreement (Invea Therapeutics, Inc), Option Agreement (Brand Engagement Network Inc.), Option Agreement (Brand Engagement Network Inc.)

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Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designeeOfficer, you may, by delivering written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 11 contracts

Samples: Vesting Option Agreement (Geron Corp), Vesting Option Agreement (Geron Corp), Time Vesting Option Agreement (Geron Corp)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this your option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this your option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 5 contracts

Samples: Option Agreement (Atara Biotherapeutics, Inc.), Assumed Option Agreement (Millennial Media Inc.), Option Agreement (Blue Nile Inc)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by By delivering written notice to the Company, in a form approved provided by or otherwise satisfactory to the Company and any broker designated by the Company to handle effect option exercises, you may designate a third party who, on in the event of your death, will shall thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will shall be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 5 contracts

Samples: Option Agreement (Exelixis, Inc.), Option Agreement (Exelixis, Inc.), Option Agreement (Exelixis, Inc.)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved provided by or otherwise satisfactory to the Company and any broker designated by the Company to handle effect option exercises, designate a third party who, on in the event of your death, will shall thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will shall be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 3 contracts

Samples: Option Agreement (Leapfrog Enterprises Inc), Option Agreement (Epocrates Inc), Option Agreement (Volcano Corp)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by By delivering written notice to the Company, in a form approved provided by or otherwise satisfactory to the Company and any broker designated by the Company to handle effect option exercises, designate a third party who, on in the event of your death, will shall thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will shall be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 3 contracts

Samples: Option Agreement, Option Agreement (Exelixis, Inc.), 2011 Equity Incentive (Exelixis Inc)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designeeOfficer, you may, may by delivering written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 3 contracts

Samples: Option Agreement (Geron Corp), Vesting Option Agreement (Geron Corp), Vesting Option Agreement (Geron Corp)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option Option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this option Option and receive the Common Stock Ordinary Shares or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option Option and receive, on behalf of your estate, the Common Stock Ordinary Shares or other consideration resulting from such exercise.

Appears in 2 contracts

Samples: Employment Agreement (Fusion Fuel Green PLC), Employment Agreement (Fusion Fuel Green PLC)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this option the Option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option the Option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 2 contracts

Samples: Option Agreement (Senomyx Inc), Option Agreement (Senomyx Inc)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this option Option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option Option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.. ​

Appears in 1 contract

Samples: Option Agreement (Atreca, Inc.)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.to

Appears in 1 contract

Samples: Molecular Templates (Molecular Templates, Inc.)

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Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved provided by or otherwise satisfactory to the Company and any broker designated by the Company to handle option exercisesCompany, designate a third party who, on in the event of your death, will shall thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will shall be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 1 contract

Samples: Broadsoft Inc

Beneficiary Designation. Upon receiving written permission from Notwithstanding the Board or its duly authorized designeeforegoing, you may, by delivering written notice to the Company, in a form approved provided by or otherwise satisfactory to the Company and any broker designated by the Company to handle effect option exercises, designate a third party who, on in the event of your death, will shall thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exerciseyour option. In the absence of such a designation, your the executor or administrator of your estate will shall be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exerciseoption.

Appears in 1 contract

Samples: Equity Incentive (Procera Networks, Inc.)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved provided by or otherwise satisfactory to the Company and (and, if applicable, any broker designated by the Company to handle option exercises), designate a third party who, on in the event of your death, will thereafter be entitled to exercise this option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 1 contract

Samples: Advisory Board Agreement (IdentifySensors Biologics Corp.)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the CompanyFivePrime, in a form approved provided by the Company and any broker designated by the Company or otherwise satisfactory to handle option exercisesFivePrime, designate a third party who, on in the event of your death, will shall thereafter be entitled to exercise this option your Option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your the executor or administrator of your estate will shall be entitled to exercise this option Option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 1 contract

Samples: Option Agreement (Five Prime Therapeutics Inc)

Beneficiary Designation. Upon receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved provided by or otherwise satisfactory to the Company and any broker designated by the Company to handle option exercisesCompany, designate a third party who, on in the event of your death, will shall thereafter be entitled to exercise this your option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your the executor or administrator of your estate will shall be entitled to exercise this option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 1 contract

Samples: Executive Employment Agreement (Cohbar, Inc.)

Beneficiary Designation. Upon On receiving written permission from the Board or its duly authorized designee, you may, by delivering written notice to the Company, in a form approved by the Company and any broker designated by the Company to handle option exercises, designate a third party who, on your death, will thereafter be entitled to exercise this option the Option and receive the Common Stock or other consideration resulting from such exercise. In the absence of such a designation, your executor or administrator of your estate will be entitled to exercise this option the Option and receive, on behalf of your estate, the Common Stock or other consideration resulting from such exercise.

Appears in 1 contract

Samples: Stock Option Agreement (AquaBounty Technologies, Inc.)

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