Assignment and Transfers. The rights and interests of the Grantee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Grantee, and the Option and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Grantee’s consent.
Appears in 14 contracts
Samples: Incentive Stock Option Grant Agreement (Zynerba Pharmeceuticals, Inc.), Incentive Stock Option Grant Agreement (Zynerba Pharmeceuticals, Inc.), Stock Option Grant Agreement (Bankrate, Inc.)
Assignment and Transfers. The rights and interests of the Grantee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Grantee, and the Option and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s 's parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Grantee’s 's consent.
Appears in 12 contracts
Samples: Stock Option Grant Agreement (Dyadic International Inc), Stock Option Grant Agreement (Dyadic International Inc), Stock Option Grant Agreement (Dyadic International Inc)
Assignment and Transfers. The Except as the Committee may otherwise permit, the rights and interests of the Grantee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Grantee, and the Option and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, subsidiaries and affiliates. This Agreement may be assigned by the Company without the Grantee’s consent.
Appears in 4 contracts
Samples: Stock Option Agreement (Wireless Telecom Group Inc), Stock Option Agreement (Wireless Telecom Group Inc), Stock Option Agreement (Wireless Telecom Group Inc)
Assignment and Transfers. The rights and interests of the Grantee Optionee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the GranteeOptionee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee Optionee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company Companies may terminate the Option by notice to the GranteeOptionee, and the Option and all rights hereunder shall thereupon become null and void. The rights and protections of the Company Companies hereunder shall extend to any successors or assigns of the Company Companies and to the Company’s Companies’ parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company Companies without the GranteeOptionee’s consent.
Appears in 3 contracts
Samples: Nonqualified Stock Option Grant Agreement (Blue Ridge Real Estate Co), Nonqualified Stock Option Grant Agreement (Blue Ridge Real Estate Co), Nonqualified Stock Option Grant Agreement (Blue Ridge Real Estate Co)
Assignment and Transfers. The Except as the Board may otherwise permit pursuant to the Plan, the rights and interests of the Grantee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Grantee, and the Option and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiariesSubsidiaries, and affiliates. This Agreement may be assigned by the Company without the Grantee’s consent.
Appears in 3 contracts
Samples: Option Unit Agreement (Graham Packaging Holdings Co), Option Unit Agreement (Graham Packaging Holdings Co), Option Unit Agreement (Graham Packaging Holdings Co)
Assignment and Transfers. The Except as the Board may otherwise permit pursuant to the Plan, the rights and interests of the Grantee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Agreement, or in the event of the (he levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Grantee, and the Option and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Grantee’s consent.
Appears in 2 contracts
Samples: Employment Agreement (Zynerba Pharmeceuticals, Inc.), Employment Agreement (Zynerba Pharmeceuticals, Inc.)
Assignment and Transfers. The rights and interests of the Grantee Optionee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the GranteeOptionee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee Optionee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company Companies may terminate the Option by notice to the GranteeOptionee, and the Option and all rights hereunder shall thereupon become null and void. The rights and protections of the Company Companies hereunder shall extend to any successors or assigns of the Company Companies and to the Company’s Companies' parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company Companies without the Grantee’s Optionee's consent.
Appears in 1 contract
Samples: Nonqualified Stock Option Grant Agreement (Blue Ridge Real Estate Co)
Assignment and Transfers. The rights and interests of the Grantee under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option Warrant or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option Warrant by notice to the Grantee, and the Option Warrant and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s 's parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Grantee’s 's consent.
Appears in 1 contract
Assignment and Transfers. The rights and interests of the Grantee under this Agreement may not be sold, assigned, encumbered encumbered, or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option grant or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option grant by notice to the Grantee, and the Option grant and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Grantee’s consent.
Appears in 1 contract
Samples: Restricted Stock Agreement (Generex Biotechnology Corp)
Assignment and Transfers. The rights and interests of the Grantee under ------------------------ this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunderRestricted Stock, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option this Agreement by notice to the Grantee, and the Option grant and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s 's parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Grantee’s 's consent.
Appears in 1 contract
Samples: Restricted Stock Grant (Magainin Pharmaceuticals Inc)
Assignment and Transfers. The rights and interests of the Grantee under ------------------------ this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Grantee, and the Option and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s 's parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Grantee’s 's consent.
Appears in 1 contract
Samples: Incentive Stock Option Grant (Intelligent Life Corp)
Assignment and Transfers. The rights and interests of the Grantee under this Agreement Grant Instrument may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Grantee, by will or by the laws of descent and distribution. In the event of any attempt by the Grantee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this AgreementGrant Instrument, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Grantee, and the Option and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, and affiliates. This Agreement Grant Instrument may be assigned by the Company without the Grantee’s consent.
Appears in 1 contract