Common use of Limits on Transferability Clause in Contracts

Limits on Transferability. The Option shall not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, other than by will or the laws of descent and distribution, or as otherwise permitted by the Committee.

Appears in 11 contracts

Samples: Nonqualified Stock Option Agreement (1st Constitution Bancorp), Incentive Stock Option Agreement (1st Constitution Bancorp), Incentive Stock Option Agreement (1st Constitution Bancorp)

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Limits on Transferability. The Option shall not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, other than by will or the laws of descent and distribution, or as otherwise permitted by the CommitteeAdministrator.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Ion Networks Inc), Incentive Stock Option Agreement (Ion Networks Inc)

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Limits on Transferability. The Option shall not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, other than by will or the laws of descent and distribution, or as otherwise permitted by the CommitteeBoard.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (1st Constitution Bancorp)

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