Common use of Nonassignability Clause in Contracts

Nonassignability. The Option may be exercised only by Grantee during his or her lifetime. The Grantee will not transfer or assign the Option, except by Will or the laws of intestate succession.

Appears in 22 contracts

Samples: Nonqualified Stock Option Agreement (Micron Enviro Systems Inc), Nonqualified Stock Option Agreement (Micron Enviro Systems Inc), Amended Nonqualified Stock Option Agreement (Micron Enviro Systems Inc)

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Nonassignability. The Option may be exercised only by Grantee during ----------------- his or her lifetime. The Grantee will not transfer or assign the Option, except by Will or the laws of intestate succession.

Appears in 8 contracts

Samples: Nonqualified Stock Option Agreement (Micron Enviro Systems Inc), Nonqualified Stock Option Agreement (Micron Enviro Systems Inc), Nonqualified Stock Option Agreement (Micron Enviro Systems Inc)

Nonassignability. The Option may be exercised only by Grantee during his or her lifetime. The Grantee will not transfer or assign the Option, except by Will or the laws of intestate interstate succession.

Appears in 7 contracts

Samples: Nonqualified Stock Option Agreement (Golden Patriot Corp), Nonqualified Stock Option Agreement (Golden Patriot Corp), Nonqualified Stock Option Agreement (Golden Patriot Corp)

Nonassignability. The Option may be exercised only by Grantee during ---------------------- his or her lifetime. The Grantee will not transfer or assign the Option, except by Will or the laws of intestate succession.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Micron Enviro Systems Inc), Nonqualified Stock Option Agreement (Micron Enviro Systems Inc), Nonqualified Stock Option Agreement (Micron Enviro Systems Inc)

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Nonassignability. The Option may be exercised only by Grantee during his or her lifetime. The Grantee will not transfer or assign the Option, except by Will or the laws of intestate succession. 4.

Appears in 1 contract

Samples: Amended Nonqualified Stock Option Agreement (Micron Enviro Systems Inc)

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