Common use of Non-Transferability of Option Clause in Contracts

Non-Transferability of Option. Unless otherwise consented to in advance in writing by the Committee, 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 the lifetime of the Optionee only by the Optionee. The terms of the Plan and this Grant Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 14 contracts

Samples: Incentive Stock Option Grant Agreement, Nonqualified Stock Option Grant Agreement, Stock Option Inducement Award Agreement (PowerFleet, Inc.)

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Non-Transferability of Option. Unless otherwise consented to in advance in writing determined by the Committee, 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 the lifetime of the Optionee only by the Optionee. The terms of the Plan and this Grant Award Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 10 contracts

Samples: Non Qualified Stock Option Award Agreement (CF Industries Holdings, Inc.), www.sec.gov, Non Qualified Stock Option Award Agreement (CF Industries Holdings, Inc.)

Non-Transferability of Option. Unless otherwise consented to in advance in writing determined by the Committee, 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 the lifetime of the Optionee only by the Optionee. The terms of the Plan Plan, the Notice and this Grant Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 8 contracts

Samples: Officer Agreement Stock Option Agreement (Mips Technologies Inc), Stock Option Agreement (Mips Technologies Inc), Stock Option Agreement (Mips Technologies Inc)

Non-Transferability of Option. Unless otherwise consented to in advance in writing Except as may be permitted by the CommitteeCommittee in accordance with Section 14 of the Plan, this the Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed of in any manner otherwise manner, either voluntarily or involuntarily, other than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of the Plan and this Grant Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optioneedistribution.

Appears in 6 contracts

Samples: And Award Agreement (Larimar Therapeutics, Inc.), And Award Agreement (Larimar Therapeutics, Inc.), Award Agreement (Applied Dna Sciences Inc)

Non-Transferability of Option. Unless otherwise consented to in advance in writing by the Committee, this This Option may not be transferred in any manner otherwise than by will or by the laws of descent or and distribution and and, during the Optionee’s lifetime, may only be exercised during the lifetime of the Optionee only by the Optionee, provided that the Committee may permit transfers to a Permitted Transferee. The Any such Permitted Transferee shall be subject to all the terms and conditions of the Plan and this Grant Agreement shall be binding upon Award Agreement, including the executors, administrators, heirs, successors and assigns provisions relating to the termination of the Optioneeright to exercise the Option.

Appears in 5 contracts

Samples: Award Agreement (Quintiles Transnational Holdings Inc.), Award Agreement (Quintiles Transnational Holdings Inc.), Award Agreement (Quintiles Transnational Holdings Inc.)

Non-Transferability of Option. Unless otherwise consented to in advance in writing by the Committee, this The 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 distribution, except as otherwise permitted by the lifetime Committee in accordance with the terms of the Optionee only by the OptioneePlan. The terms of the Plan and this Grant Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the OptioneeGrantee.

Appears in 3 contracts

Samples: Employment Agreement (Consolidated Tomoka Land Co), Nonqualified Stock Option Award Agreement (Consolidated Tomoka Land Co), Nonqualified Stock Option Award Agreement (Consolidated Tomoka Land Co)

Non-Transferability of Option. Unless otherwise consented to in advance in writing by the Committee, 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 the lifetime of the Optionee only by the Optionee. The terms of the Plan and this Grant Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.the

Appears in 2 contracts

Samples: Stock Option Grant Agreement (Yext, Inc.), Stock Option Grant Agreement (Yext, Inc.)

Non-Transferability of Option. Unless otherwise consented to in advance in writing by the Committee, The Option and this Option may Agreement shall not be transferred in any manner transferable otherwise than by will or by the laws of descent and distribution, pursuant to a qualified domestic relations order or distribution by such other means as the Committee may approve from time to time; and the Option may be exercised exercised, during the lifetime of the Optionee Optionee, only by the Optionee. The terms of the Plan and this Grant Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the OptioneeOptionee or by his or her legal representative.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Amcore Financial Inc), Non Qualified Stock Option Agreement (Amcore Financial Inc)

Non-Transferability of Option. Unless otherwise consented to in advance in writing approved by the Committee, 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 the lifetime of the Optionee only by the Optioneehim. The terms of the Plan and this Grant Agreement Option shall be binding upon the executors, administratorsOptionee and his personal representatives, heirs, successors and assigns of the Optioneeassigns.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Granite City Food & Brewery LTD), Non Qualified Stock Option Agreement (Granite City Food & Brewery LTD)

Non-Transferability of Option. Unless otherwise consented to in advance in writing The Option shall not be transferable by the Committee, this Option may not be transferred in any manner Optionee otherwise than by will or by the laws of descent or distribution and may distribution, and such Option shall be exercised exercisable during the lifetime of the Optionee Optionee’s lifetime, only by the Optionee. The terms of ; provided, however, that the Plan Committee may (but need not) permit other transfers where the Committee concludes that such transferability (i) does not result in accelerated taxation and this Grant Agreement shall be binding upon the executors(ii) is otherwise appropriate and desirable, administrators, heirs, successors and assigns of the Optioneetaking into account any state or federal securities laws applicable to transferable options.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement (Torchmark Corp)

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Non-Transferability of Option. Unless otherwise consented to in advance in writing permitted by the Committee, this Option may not be transferred in any manner otherwise other than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of the Plan and this Grant Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (At&t Latin America Corp), Security Agreement (At&t Latin America Corp)

Non-Transferability of Option. Unless otherwise consented to in advance in writing Except as permitted by the CommitteeCommittee and Applicable Law, this the 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 the lifetime of the Optionee only by the Optionee. The terms of the Plan and this Grant Stock Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Appears in 1 contract

Samples: Employment Agreement (Digital Insight Corp)

Non-Transferability of Option. Unless otherwise consented to in advance in writing by the Committee, this The 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 distribution, except as otherwise permitted by the lifetime Committee in accordance with the terms of the Optionee only by the OptioneePlan. The terms of the Plan and this Grant Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the OptioneeGrantee.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Consolidated Tomoka Land Co)

Non-Transferability of Option. Unless otherwise consented to in advance in writing by the CommitteeCommittee shall permit (on such terms and conditions as it shall establish), this Option an option may not be transferred in any manner otherwise than except by will or by the laws of descent or and distribution and may be exercised during to the extent provided herein. During the lifetime of the Optionee this option may be exercised only by him or her (unless otherwise determined by the Optionee. The terms of the Plan and this Grant Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the OptioneeCommittee).

Appears in 1 contract

Samples: Amr Corp

Non-Transferability of Option. Unless otherwise consented to in advance in writing Except as may be permitted by the CommitteeCommittee in accordance with Section 13 of the Plan, this the Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed of in any manner otherwise manner, either voluntarily or involuntarily, other than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. The terms of the Plan and this Grant Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optioneedistribution.

Appears in 1 contract

Samples: Notice And (Inhibikase Therapeutics, Inc.)

Non-Transferability of Option. Unless otherwise consented to in advance in writing Except as may be permitted by the CommitteeCommittee in accordance with Section 14 of the Plan, this the Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed of in any manner otherwise manner, either voluntarily or involuntarily, other than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Optionee only by the Optioneedistribution. The terms of the Plan and this Grant Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee6.

Appears in 1 contract

Samples: Eagle Bancorp Inc

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