Common use of Nontransferability Clause in Contracts

Nontransferability. This Option may not be assigned or transferred except, if applicable, by will or by the laws of descent and distribution, and may be exercised only by Optionee during Optionee's lifetime and after Optionee's death, by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate succession.

Appears in 35 contracts

Samples: Nonqualified Stock Option Agreement (Photomedex Inc), Nonqualified Stock Option Agreement (Photomedex Inc), Nonqualified Stock Option Agreement (Photomedex Inc)

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Nontransferability. This The Option may not be assigned is nonassignable and nontransferable by the Optionee, either voluntarily or transferred exceptby operation of law, if applicable, except by will or by the laws of descent and distributiondistribution of the state or country of the Optionee’s domicile at the time of death, and may be exercised during the Optionee’s lifetime, the Option is exercisable only by Optionee during the Optionee's lifetime and after Optionee's death, by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate succession.

Appears in 15 contracts

Samples: Non Statutory Stock Option Agreement (Nike Inc), Incentive Stock Option Agreement (Methes Energies International LTD), Non Statutory Stock Option Agreement (Methes Energies International LTD)

Nontransferability. This Option may not be assigned or transferred except, if applicable, except by will or by the laws of descent and distribution, and may be exercised only by Optionee during Optionee's his lifetime and after Optionee's his death, by Optionee's his representative or by the person entitled thereto under Optionee's his will or the laws of intestate succession.

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (Arc Capital), Incentive Stock Option Agreement (Amerigon Inc), Incentive Stock Option Agreement (Young William J)

Nontransferability. This The Option may is not be assigned assignable or transferred except, if applicable, transferable except by will or by the laws of descent and distribution. During Optionee’s lifetime, and the option may be exercised only by Optionee during or, in the event of Optionee's lifetime and after ’s total disability, Optionee's death, by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate succession’s legal representative.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (Ocugen, Inc.), Non Qualified Stock Option Inducement Award Agreement (Ocugen, Inc.), Incentive Stock Option Agreement (Ocugen, Inc.)

Nontransferability. This Option may not be assigned or transferred is nontransferable except, if applicablein the event of the Optionee's death, by will or by the laws of descent and distributiondistribution subject to the terms hereof. During the Optionee's lifetime, and this Option may be exercised only by Optionee during the Optionee's lifetime and after Optionee's death, by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate succession.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (Landamerica Financial Group Inc), Non Qualified Stock Option Agreement (Landamerica Financial Group Inc), Employee Non Qualified Stock Option Agreement (Landamerica Financial Group Inc)

Nontransferability. This Option may The option is not be assigned assignable or transferred excepttransferable except upon the Optionee's death to a beneficiary designated by the Optionee or, if applicableno designated beneficiary shall survive the Optionee, by pursuant to the Optionee's will or by and/or the laws of descent and distribution. During an Optionee's lifetime, and the option may be exercised only by the Optionee during or the Optionee's lifetime and after Optionee's death, by Optionee's representative guardian or by the person entitled thereto under Optionee's will or the laws of intestate successionlegal representative.

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (Alexion Pharmaceuticals Inc), Stock Option Agreement (Alexion Pharmaceuticals Inc), Stock Option Agreement (Media Metrix Inc)

Nontransferability. This Option may not be assigned or transferred option is nontransferable except, if applicablein the event of the Optionee's death, by will or by the laws of descent and distributiondistribution subject to the terms hereof. During Optionee's lifetime, and this option may be exercised only by Optionee during Optionee's lifetime and after Optionee's death, by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate succession.

Appears in 5 contracts

Samples: Employee Non Qualified Stock Option Agreement (Landamerica Financial Group Inc), Employee Non Qualified Stock Option Agreement (Landamerica Financial Group Inc), Non Qualified Stock Option Agreement (Lawyers Title Corp)

Nontransferability. This Option may not be assigned or transferred is nontransferable except, if applicablein the event of the Optionee’s death, by will or by the laws of descent and distributiondistribution subject to the terms hereof. During Optionee’s lifetime, and this Option may be exercised only by Optionee during Optionee's lifetime and after Optionee's death, by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate succession.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Hilb Rogal & Hobbs Co), Non Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/), Non Qualified Stock Option Agreement (Hilb Rogal & Hamilton Co /Va/)

Nontransferability. This Option may The Optionee shall not be assigned assign or transferred excepttransfer the Option, if applicableeither voluntarily or by operation of law, except by will or by the laws of descent and distributiondistribution of the state or country of the Optionee’s domicile at the time of death. During the Optionee’s lifetime, and only the Optionee may be exercised only by Optionee during Optionee's lifetime and after Optionee's death, by Optionee's representative or by exercise the person entitled thereto under Optionee's will or the laws of intestate successionOption.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Erickson Air-Crane Inc), Non Statutory Stock Option Agreement (Erickson Air-Crane Inc)

Nontransferability. This Option may not be assigned or transferred except, if applicable, except by will or by the laws of descent and distribution, and may be exercised only by Optionee during the Optionee's lifetime and after the Optionee's death, by the Optionee's personal representative or by the person entitled thereto under the Optionee's will or the laws of intestate succession.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Interactive Television Networks)

Nontransferability. This Option may not be assigned or transferred except, if applicable, except by will or by the laws of descent and distribution, and may be exercised only by Optionee during Optionee's lifetime and after Optionee's death, by Optionee's personal representative or by the person entitled thereto under Optionee's will or the laws of intestate succession.

Appears in 1 contract

Samples: Stock Option Agreement (Amerigon Inc)

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Nontransferability. This Option may not be assigned or transferred except, if applicable, except by will or by the laws of descent and distribution, and may be exercised only by Optionee during the Optionee's ’s lifetime and after the Optionee's ’s death, by the Optionee's ’s personal representative or by the person entitled thereto under the Optionee's ’s will or the laws of intestate succession.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Duska Therapeutics, Inc.)

Nontransferability. This Option may not be assigned or transferred exceptexcept to members, shareholders or employees of Optionee, or, if applicable, by will or by the laws of descent and distribution, and may be exercised only by Optionee during Optionee's lifetime and after Optionee's death, by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate succession.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Avic Group International Inc/)

Nontransferability. This Option may not option shall be assigned or transferred except, if applicable, neither transferable nor assignable by Optionee other than by will or by the laws of descent and distribution, distribution following the Optionee's death and may be exercised only by Optionee exercised, during Optionee's lifetime and after Optionee's deathlifetime, only by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate succession.

Appears in 1 contract

Samples: Stock Option Agreement (Internap Network Services Corp/Wa)

Nontransferability. This Option may not be assigned or transferred except, if applicable, by the Optionee other than by will or by the laws of descent and distribution, distribution and may be exercised only by Optionee during the Optionee's lifetime and after only by the Optionee or the Optionee's deathguardian or legal representative, by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate successionsubject to Section 6 hereof.

Appears in 1 contract

Samples: Employment Agreement (Dualstar Technologies Corp)

Nontransferability. This Option may not be assigned or transferred except, if applicable, except by will or by the laws of descent and distribution, and may be exercised only by Optionee during Optionee's lifetime and after Optionee's death, by Optionee's personal representative or by the person entitled thereto under Optionee's will or the laws of intestate interstate succession.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Amerigon Inc)

Nontransferability. This Option may The option is not be assigned assignable or transferred except, if applicable, transferable except upon the Optionee's death to a beneficiary designated by will the Optionee or by the laws of descent and distribution, and may be exercised only by Optionee during Optionee's lifetime and after Optionee's death, by Optionee's representative or by the person entitled thereto under Optionee's will or the laws of intestate successiondescent and distribution or pursuant to a qualified domestic relations order as defined by the Code. During an Optionee's lifetime, the option may be exercised only by the Optionee or the Optionee's guardian or legal representative.

Appears in 1 contract

Samples: Stock Option Agreement (Integrated Health Services Inc)

Nontransferability. This The Option may not be assigned or transferred except, if applicable, except by will or by the laws of descent and distribution, and may be exercised only by Optionee during Optionee's his lifetime and after Optionee's his death, by Optionee's his personal representative or by the person entitled thereto under Optionee's his will or the laws of intestate succession.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Young William J)

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