Common use of Transferability Clause in Contracts

Transferability. Your option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option.

Appears in 185 contracts

Samples: Stock Option Agreement (Gonzalez John Joseph II), Stock Option Agreement (Gonzalez John Joseph II), Option Agreement (Snowflake Inc.)

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Transferability. Your This option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your this option.

Appears in 24 contracts

Samples: Stock Option Agreement (Aradigm Corp), Separation and Release Agreement (Rogue Wave Software Inc /Or/), Incentive Stock Option (PMR Corp)

Transferability. Your option Option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your optionOption.

Appears in 8 contracts

Samples: Equity Incentive Plan (Wireless Facilities Inc), Stock Option Agreement (Nara Bancorp Inc), Stock Option Agreement (Wireless Facilities Inc)

Transferability. Your option is not transferable, except by will or will, by the laws of descent and distribution, or pursuant to a domestic relations order, and is exercisable during your life only by youyou (or your legal representative) or transferee pursuant to a domestic relations order. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option.

Appears in 3 contracts

Samples: Stock Option Agreement (Molecular Devices Corp), Stock Option Agreement (Molecular Devices Corp), Stock Option Agreement (Molecular Devices Corp)

Transferability. (a) Your option Option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your optionOption.

Appears in 3 contracts

Samples: Stock Option Agreement (Dendreon Corp), Stock Option Agreement (Dendreon Corp), Incentive Stock Option Agreement (Dendreon Corp)

Transferability. Your option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, (1) your option is transferable pursuant to a domestic relations order, and (2) by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option.

Appears in 3 contracts

Samples: Stock Option Agreement (Asml Holding Nv), 2011 Equity Incentive Plan (Cymer Inc), Equity Incentive Plan (Cymer Inc)

Transferability. Your option is not transferable, transferable except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option.

Appears in 2 contracts

Samples: Stock Option Agreement (Zumiez Inc), Stock Option Agreement (Greenfield Online Inc)

Transferability. Your option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option.

Appears in 2 contracts

Samples: Websidestory Inc, Websidestory Inc

Transferability. Your This option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by By delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your this option.

Appears in 2 contracts

Samples: Nonstatutory Stock Option (Alanex Corp), Nonstatutory Stock (Hollis Eden Pharmaceuticals Inc /De/)

Transferability. Your This option is not transferable, except by will or by the laws of descent and distribution, distribution and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your this option.

Appears in 1 contract

Samples: First Virtual Corp

Transferability. Your option Option is not assignable or transferable, except by will or by the laws of descent and distribution, or as provided in the Plan and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your optionOption.

Appears in 1 contract

Samples: Incentive and Nonqualified Stock Options Award Agreement (Midwest Banc Holdings Inc)

Transferability. Your option is not transferable, except by will or will, by the laws of descent and distribution, or pursuant to a domestic relations order, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option.

Appears in 1 contract

Samples: Stock Option Agreement (Molecular Devices Corp)

Transferability. Your This option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your optionthis option subject to all terms and conditions stated herein.

Appears in 1 contract

Samples: Employment Agreement (Spatial Technology Inc)

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Transferability. Your option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option. 20.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Chordiant Software Inc)

Transferability. Your option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option. 10.

Appears in 1 contract

Samples: Stock Bonus Agreement (Scientific Learning Corp)

Transferability. Your option Assumed Option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life lifetime only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your optionAssumed Option to the extent permitted under local laws.

Appears in 1 contract

Samples: Option Assumption Agreement (Ebay Inc)

Transferability. Your This option is not transferable, except by will or by the laws of descent and distribution, and is shall be exercisable during your life lifetime only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your this option.

Appears in 1 contract

Samples: Nonstatutory Stock Option (Megabios Corp)

Transferability. Your option The Option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your optionthe Option.

Appears in 1 contract

Samples: Stock Option Agreement (Rackable Systems, Inc.)

Transferability. Your option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your optionoption to the extent permitted under local laws.

Appears in 1 contract

Samples: Stock Option Agreement (Ebay Inc)

Transferability. Your option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party whoor, in the event of your death, shall thereafter be entitled by such third party as you designate to exercise your optionthe Company in writing.

Appears in 1 contract

Samples: Option Agreement (Xinhua Finance Media LTD)

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