Common use of Nontransferability of Option Clause in Contracts

Nontransferability of Option. The Option is not transferable by the Optionee otherwise than by will or the laws of descent and distribution.

Appears in 20 contracts

Samples: Nonqualified Stock Option Agreement (Excal Enterprises Inc), Nonqualified Stock Option Agreement (Excal Enterprises Inc), Nonqualified Stock Option Agreement (Excal Enterprises Inc)

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Nontransferability of Option. The Option is shall not be transferable by the Optionee otherwise than by will or the laws of descent and distribution.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Badger Meter Inc), Nonqualified Stock Option Agreement (Badger Meter Inc), Nonqualified Stock Option Agreement (Badger Meter Inc)

Nontransferability of Option. The This Option is not transferable by the Optionee otherwise other than by will or the applicable laws of descent and distribution, and is exercisable during the Optionee's lifetime only by the Optionee.

Appears in 3 contracts

Samples: Separation Agreement (Houghton Mifflin Co), Non Qualified Stock Option Agreement (C C Media Holdings Inc), Employment Agreement (Houghton Mifflin Co)

Nontransferability of Option. The This Option is not transferable by the Optionee otherwise other than by will or the applicable laws of descent and distribution, and, subject to the foregoing provision, is exercisable during the Optionee’s lifetime only by the Optionee.

Appears in 2 contracts

Samples: Merger Agreement (C C Media Holdings Inc), Merger Agreement (BT Triple Crown Capital Holdings III, Inc.)

Nontransferability of Option. The Option is may not transferable by the Optionee otherwise be transferred in any manner other than by will or by the laws of descent and distribution.distribution or pursuant to a

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Us Concrete Inc)

Nontransferability of Option. The This Option is shall not be transferable by the Optionee otherwise than by will or the laws of descent and distribution.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Northland Cranberries Inc /Wi/)

Nontransferability of Option. The This Option is shall not be transferable by the Optionee otherwise Optionee, other than by will or the laws of descent and distribution.

Appears in 1 contract

Samples: Director’s Non Qualified Stock Option Agreement (Virtualfund Com Inc)

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Nontransferability of Option. The No Option is not shall be transferable by the Optionee otherwise than by will or the laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Crawford & Co)

Nontransferability of Option. The Option This option is not transferable by the Optionee otherwise other than by will or the applicable laws of descent and distribution, and is exercisable during the Optionee’s lifetime only by the Optionee.

Appears in 1 contract

Samples: Separation Agreement (Stanadyne Corp)

Nontransferability of Option. The This Option is may not transferable by the Optionee otherwise be transferred in any manner, other than by will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Stock Option Agreement (Think Partnership Inc)

Nontransferability of Option. The This Option is not transferable by the Optionee otherwise other than by will or the applicable laws of descent and distribution, and is exercisable during the Optionee’s lifetime only by the Optionee. (a) (1)(iv)-2

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (CC Media Holdings Inc)

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