Common use of NON-TRANSFERABILITY OF RIGHTS Clause in Contracts

NON-TRANSFERABILITY OF RIGHTS. Optionee may not assign or transfer Optionee’s rights under this Agreement, nor may Optionee subject such rights (or any of them) to execution, attachment, garnishment, or similar process, except as permitted under Section 13.4(b) of the Plan. Any such impermissible attempted assignment or transfer by Optionee shall be null and void and shall not be recognized by the Company.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Quepasa Corp), Non Qualified Stock Option Agreement (Quepasa Corp)

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NON-TRANSFERABILITY OF RIGHTS. Optionee may not assign or transfer Optionee’s rights under this Agreement, nor may Optionee subject such rights (or any of them) to execution, attachment, garnishment, or similar process, except as permitted under Section 13.4(b12.5(b) of the Plan. Any such impermissible attempted assignment or transfer by Optionee shall be null and void and shall not be recognized by the Company.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Meritage Homes CORP), Incentive Stock Option Agreement (Meritage Homes CORP)

NON-TRANSFERABILITY OF RIGHTS. Optionee may not assign or transfer Optionee’s 's rights under this Agreement, nor may Optionee subject such rights (or any of them) to execution, attachment, garnishment, or similar process, except as permitted under Section 13.4(b) 8.5 of the Plan. Any such impermissible attempted assignment or transfer by Optionee shall be null and void and shall not be recognized by the Company.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Willdan Group, Inc.), Non Qualified Stock Option Agreement (Willdan Group, Inc.)

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NON-TRANSFERABILITY OF RIGHTS. Optionee may not assign or transfer Optionee’s rights under this Agreement, nor may Optionee subject such rights (or any of them) to execution, attachment, garnishment, or similar process, except as permitted under Section 13.4(b) 13.4 of the Plan. Any such impermissible attempted assignment or transfer by Optionee shall be null and void and shall not be recognized by the Company.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Radyne Corp), Incentive Stock Option Agreement (Radyne Corp)

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