Common use of Non-Transferability of the Option Clause in Contracts

Non-Transferability of the Option. The Option may be exercised during the lifetime of the Optionee only by the Optionee and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution.

Appears in 23 contracts

Samples: Nonqualified Stock Option Agreement (Liposcience Inc), Incentive Stock Option Agreement (Liposcience Inc), Incentive Stock Option Agreement (Liposcience Inc)

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Non-Transferability of the Option. The Option may be exercised during the lifetime of the Optionee only solely by the Optionee and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution.

Appears in 6 contracts

Samples: Nonqualified Stock Option Agreement (Patel Paresh), Nonqualified Stock Option Agreement (HCI Group, Inc.), Nonqualified Stock Option Agreement (HCI Group, Inc.)

Non-Transferability of the Option. 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 and may not be assigned or transferred in any manner except by will or by the laws of descent and distributionOptionee.

Appears in 5 contracts

Samples: 2003 Stock Plan (3com Corp), Corporation 2003 Stock Plan Stock Option Agreement (3com Corp), Corporation 2003 Stock Plan (3com Corp)

Non-Transferability of the Option. The Option may be exercised during the --------------------------------- lifetime of the Optionee only by the Optionee and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Liposcience Inc), Incentive Stock Option Agreement (Liposcience Inc)

Non-Transferability of the Option. The 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 Optionee. The terms of the Plan and may not this Option Agreement shall be assigned or transferred in any manner except by will or by binding upon the laws executors, administrators, heirs, successors and assigns of descent and distributionthe Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Geoworks /Ca/), Stock Option Agreement (Geoworks /Ca/)

Non-Transferability of the Option. The Option may be exercised during the lifetime of the Optionee only by the Optionee and may not be assigned or transferred in any manner except by will or by the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order, as set forth in the Plan.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Qk Healthcare Inc), Non Qualified Stock Option Agreement (Qk Healthcare Inc)

Non-Transferability of the Option. The Option may be exercised during the lifetime of the Optionee only by the Optionee and may not be assigned sold,assigned, pledged, transferred or transferred otherwise encumbered in any manner manner, either voluntarily or by operation of law, except by will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Employment Agreement (Sciquest Inc)

Non-Transferability of the Option. The Option may be exercised during the your lifetime of the Optionee only by the Optionee you and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Trimeris Inc)

Non-Transferability of the Option. The Option may not be transferred --------------------------------- in any manner otherwise than by will or by the laws of the descent or distribution and may be exercised during the lifetime of the Optionee only by the Optionee and may not be assigned or transferred in any manner except by will or by the laws of descent and distributionOptionee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Consilium Inc)

Non-Transferability of the Option. The Except as otherwise provided herein, the Option may not be sold, pledged, assigned or transferred in any manner, other than by will or the laws of descent and distribution, and may be exercised during the lifetime of the Optionee only by the Optionee and may not be assigned or transferred in any manner except by will or by the laws guardian or legal representative of descent and distributionthe Optionee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cutter & Buck Inc)

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Non-Transferability of the Option. The Option may not be transferred in any manner other than by will or the laws of descent or distribution and may be exercised during the lifetime of the Optionee only Participant, by the Optionee and may not be assigned or transferred Participant only. The transfer of the Option is further limited as set forth in any manner except by will or by the laws of descent and distributionPlan.

Appears in 1 contract

Samples: Option Agreement (BiomX Inc.)

Non-Transferability of the Option. The Option may be exercised during the lifetime of the Optionee only by the Optionee and may not be assigned sold, assigned, pledged, transferred or transferred otherwise encumbered in any manner manner, either voluntarily or by operation of law, except by will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Executive Employment Agreement (Sciquest Com Inc)

Non-Transferability of the Option. The Except as otherwise provided herein, this Option may not be sold, pledged, assigned or transferred in any manner, other than by will or the laws of descent and distribution, and may be exercised during the lifetime of the Optionee only by the Optionee and may not be assigned or transferred in any manner except by will or by the laws guardian or legal representative of descent and distributionthe Optionee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement for Non Employee Directors (Cutter & Buck Inc)

Non-Transferability of the Option. 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 and may not be assigned or transferred in any manner except by will or by the laws of descent and distributionOptionee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Consilium Inc)

Non-Transferability of the Option. The Option may be exercised during --------------------------------- the lifetime of the Optionee only by the Optionee and may not be assigned or transferred in any manner except by will or by the laws of descent and or distribution.

Appears in 1 contract

Samples: Consilium Inc

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