Common use of NONTRANSFERABILITY OF THE OPTION Clause in Contracts

NONTRANSFERABILITY OF THE OPTION. This Option shall not be transferable by the Optionee otherwise than by will or the laws of descent and distribution.

Appears in 5 contracts

Samples: Incentive Stock Option Award Agreement, Incentive Stock Option Award Agreement (Faro Technologies Inc), Incentive Stock Option Award Agreement (Faro Technologies Inc)

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NONTRANSFERABILITY OF THE OPTION. This Option shall not be transferable by the Optionee otherwise than by will or the laws of descent and distributiondistribution or as otherwise expressly permitted pursuant to the Plan.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award Agreement (Faro Technologies Inc), Nonqualified Stock Option Award Agreement (Faro Technologies Inc)

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