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Common use of Nontransferability Clause in Contracts

Nontransferability. During the lifetime of Participant, the accrued Option shall be exercisable only by Participant or by the Participant’s guardian or other legal representative, and shall not be assignable or transferable by Participant, in whole or in part, other than by will or by the laws of descent and distribution.

Appears in 48 contracts

Samples: Stock Option Agreement (Cardiovascular Systems Inc), Incentive Stock Option Agreement (Analysts International Corp), Nonqualified Stock Option Agreement (Analysts International Corp)

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Nontransferability. During the lifetime of Participant, the accrued Option shall be exercisable only by Participant or by the Participant’s guardian or other legal representative, and shall not be assignable or transferable by Participant, in whole or in part, other than by will or by the laws of descent and distribution.

Appears in 13 contracts

Samples: Incentive Stock Option Agreement (Arts Way Manufacturing Co Inc), Employment Agreement (Kite Pharma, Inc.), Incentive Stock Option Agreement (Arno Therapeutics, Inc)

Nontransferability. During the lifetime of Participant, the accrued Option shall be exercisable only by Participant or by the Participant’s 's guardian or other legal representative, and . The Option shall not be assignable or transferable by Participant, in whole or in part, other than by will or by the laws of descent and distribution.

Appears in 11 contracts

Samples: Incentive Stock Option Agreement (BIO-TECHNE Corp), Incentive Stock Option Agreement (BIO-TECHNE Corp), Incentive Stock Option Agreement (BIO-TECHNE Corp)

Nontransferability. During Unless otherwise permitted by the Administrator in its sole discretion, during the lifetime of Participant, the accrued Option shall be exercisable only by Participant or by the Participant’s guardian or other legal representative, and shall not be assignable or transferable by Participant, in whole or in part, other than by will or by the laws of descent and distribution.

Appears in 8 contracts

Samples: Nonqualified Stock Option Agreement (Arts Way Manufacturing Co Inc), Nonqualified Stock Option Agreement (Arno Therapeutics, Inc), Nonqualified Stock Option Agreement (Nephros Inc)

Nontransferability. During the lifetime of Participant, the accrued Option shall be exercisable only by Participant or by the Participant’s 's guardian or other legal representative, and shall not be assignable or transferable by Participant, in whole or in part, other than by will or by the laws of descent and distribution.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (BIO-TECHNE Corp), Incentive Stock Option Agreement (Techne Corp /Mn/), Nonqualified Stock Option Agreement (Lightning Rod Software Inc)

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Nontransferability. During Except as otherwise provided in the Plan, during the lifetime of Participant, the accrued Option shall be exercisable only by Participant or by the Participant’s guardian or other legal representative, and shall not be assignable or transferable by Participant, in whole or in part, other than by will or by the laws of descent and distribution.

Appears in 5 contracts

Samples: Stock Option Agreement (Arno Therapeutics, Inc), Stock Option Agreement (Arno Therapeutics, Inc), Stock Option Agreement (Arno Therapeutics, Inc)

Nontransferability. During Unless otherwise permitted by the Administrator in its sole discretion, during the lifetime of Participant, the accrued Option shall be exercisable only by Participant or by the Participant’s 's guardian or other legal representative, and shall not be assignable or transferable by Participant, in whole or in part, other than by will or by the laws of descent and distribution.

Appears in 2 contracts

Samples: Employment Agreement (Nuvel Holdings, Inc.), Nonqualified Stock Option Agreement (Nuvel Holdings, Inc.)

Nontransferability. During the lifetime of Participant, the accrued Option shall be exercisable only by Participant or by the Participant’s 's guardian or other legal representative, and shall not be assignable or transferable by Participant, in whole or in part, other than by will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Nuvel Holdings, Inc.)

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