Common use of Non-Assignability of Option Clause in Contracts

Non-Assignability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during your lifetime only by you except in the case of your disability, this Option may be exercised by your representative. The terms of the Plan and this Agreement shall be binding upon your executors, administrators, heirs, successors and assigns.

Appears in 13 contracts

Samples: Non Qualified Stock Option Agreement (Grom Social Enterprises, Inc.), Non Qualified Stock Option Agreement (Grom Social Enterprises, Inc.), Non Qualified Stock Option Agreement (Grom Social Enterprises, Inc.)

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Non-Assignability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during your lifetime only by you except in the case of your disability, this Option may be exercised by your representative. The terms of the Plan and this Agreement shall be binding upon your executors, administrators, heirs, successors and assigns.

Appears in 2 contracts

Samples: Offer Letter (Enumeral Biomedical Holdings, Inc.), Non Qualified Stock Option Agreement (Enumeral Biomedical Holdings, Inc.)

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