Common use of Non-Assignability of Option Clause in Contracts

Non-Assignability of Option. Interests in the Option will not be subject to sale, transfer, pledge, assignment or alienation other than by will or the laws of descent and distribution regardless of any interest therein of the Participant's spouse or such spouse's successor in interest.

Appears in 4 contracts

Samples: Stock Option Award Agreement (Surfnet Media Group Inc), Stock Option Award Agreement (Surfnet Media Group Inc), Stock Option Award Agreement (Surfnet Media Group Inc)

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Non-Assignability of Option. Interests in the Option will shall not be ----------------------------- subject to sale, transfer, pledge, assignment or alienation other than by will or the laws of descent and distribution regardless of any interest therein of the Participant's spouse or such spouse's successor in interest.

Appears in 2 contracts

Samples: Incentive Stock Option Award Agreement (Tracker Corp of America), Incentive Stock Option Award Agreement (Tracker Corp of America)

Non-Assignability of Option. Interests in the Option will shall not be subject --------------------------- to sale, transfer, pledge, assignment or alienation other than by will or the laws of descent and distribution regardless of any interest therein of the Participant's spouse or such spouse's successor in interest.

Appears in 2 contracts

Samples: Stock Option Plan (Ixl Enterprises Inc), Stock Option Plan (Ixl Enterprises Inc)

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Non-Assignability of Option. Interests in the Option will shall not be subject to sale, transfer, pledge, assignment or alienation other than by will or the laws of descent and distribution regardless of any interest therein of the Participant's spouse or such spouse's successor in interest.

Appears in 1 contract

Samples: 2000 Non Employee Stock Option Plan (Unico Inc)

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