Common use of Option Not Transferable Clause in Contracts

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime only the Optionee can exercise this option.

Appears in 66 contracts

Samples: Non Qualified Stock Option Agreement (Cyteir Therapeutics, Inc.), Employee Incentive Stock Option Agreement, Non Qualified Stock Option Agreement

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Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can exercise this option.

Appears in 29 contracts

Samples: Incentive Stock Option Agreement (Phase Forward Inc), Enernoc Inc, Enernoc Inc

Option Not Transferable. This option The Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime only the Optionee can exercise this option.

Appears in 9 contracts

Samples: Stock Option Agreement (Transatlantic Petroleum Ltd.), Incentive Stock Option Agreement (Spatializer Audio Laboratories Inc), Form of Stock Option Agreement (Golden Star Resources LTD)

Option Not Transferable. This option The Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can exercise this optionthe Option.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc), Non Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc), Non Qualified Stock Option Agreement (Galaxy Nutritional Foods Co)

Option Not Transferable. This option is The Option shall not be transferable by the Optionee otherwise than by bequest or assignable except by will or by the laws of descent and distribution. During , and shall be exercisable during the Optionee’s 's lifetime only by the Optionee can exercise this optionOptionee.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Bayou City Exploration, Inc.), Non Qualified Stock Option Agreement (Bayou City Exploration, Inc.), Non Qualified Stock Option Agreement (Bayou City Exploration, Inc.)

Option Not Transferable. This option The Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime 's lifetime, only the Optionee can exercise this optionthe Option.

Appears in 5 contracts

Samples: Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc), Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc), Qualified Stock Option Agreement (Galaxy Nutritional Foods Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the OptioneeParticipant’s lifetime only the Optionee Participant can exercise this option.

Appears in 4 contracts

Samples: Consulting Non Qualified Stock Option Agreement (Rib X Pharmaceuticals Inc), Non Qualified Stock Option Agreement (Citrix Systems Inc), Non Qualified Stock Option Agreement (Citrix Systems Inc)

Option Not Transferable. This option The Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime only the Optionee can exercise this optionthe Option.

Appears in 4 contracts

Samples: Qualified Stock Option Terms and Conditions (Realnetworks Inc), Realnetworks Inc, Qualified Stock Option Terms and Conditions (Realnetworks Inc)

Option Not Transferable. This option Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can exercise this optionOption.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (New York Global Innovations Inc.), Stock Option Agreement (Tudou Holdings LTD), Stock Option Agreement (Muns Ronald J)

Option Not Transferable. This option is not transferable or assignable ----------------------- except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can exercise this option.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Matritech Inc/De/), Qualified Stock Option Agreement (Davox Corp), Non Qualified Stock Option Agreement (Matritech Inc/De/)

Option Not Transferable. This option is not transferable or ----------------------- assignable except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can exercise this option.

Appears in 3 contracts

Samples: Qualified Stock Option Agreement (Onewave Inc), Incentive Stock Option Agreement (Onewave Inc), Legato Systems Inc

Option Not Transferable. a. This option Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can exercise this optionOption.

Appears in 3 contracts

Samples: Qualified Stock Option Agreement (Focus Enhancements Inc), Focus Enhancements Inc, Focus Enhancements Inc

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime 's lifetime, only the Optionee can exercise this option.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Metabolix, Inc.), Non Qualified Stock Option Agreement (Cisco Systems Inc), Avici Systems Inc

Option Not Transferable. This option is not transferable or assignable ----------------------- except by will or by the laws of descent and an distribution. During the Optionee’s 's lifetime only the Optionee can exercise this option.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Perseptive Biosystems Inc), Non Qualified Stock Option Agreement (Perseptive Biosystems Inc)

Option Not Transferable. This option is The Option shall not be transferable or assignable except otherwise than by will Will or by the laws of descent and distribution. During , and the Option shall be exercisable during the lifetime of the Optionee only by the Optionee’s lifetime only the Optionee can exercise this option.

Appears in 2 contracts

Samples: CALGON CARBON Corp, Matthews International Corp

Option Not Transferable. This option Option is not transferable or ----------------------- assignable except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can exercise this optionOption.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Astea International Inc), Non Qualified Stock Option Agreement (Astea International Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime 's lifetime, this option shall be exercisable only by the Optionee can exercise this optionOptionee.

Appears in 2 contracts

Samples: XVT Software (Peregrine Systems Inc), XVT Software (Peregrine Systems Inc)

Option Not Transferable. This option Option is not transferable or assignable except by the Optionholder otherwise than by will or by the laws of descent and distribution. During , and is exercisable, during the OptioneeOptionholder’s lifetime lifetime, only the Optionee can exercise this optionby him.

Appears in 2 contracts

Samples: Stock Option Plan (Cambridge Bancorp), Stock Option Plan (Cambridge Bancorp)

Option Not Transferable. This option Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime 's lifetime, only the Optionee can exercise this optionOption.

Appears in 1 contract

Samples: Stock Option Agreement (Tanknology Nde International Inc)

Option Not Transferable. This option Option is not transferable or assignable except by the Optionee otherwise than by will or by the laws of descent and distribution. During , and is exercisable, during the Optionee’s lifetime lifetime, only by the Optionee can exercise this optionOptionee.

Appears in 1 contract

Samples: Employment Agreement (Avatech Solutions Inc)

Option Not Transferable. This option is not transferable or ----------------------- assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime 's lifetime, only the Optionee can exercise this option.

Appears in 1 contract

Samples: Candela Corp /De/

Option Not Transferable. a. This option Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime only the Optionee can exercise this optionOption.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Focus Enhancements Inc)

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Option Not Transferable. This option Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime 's lifetime, only the Optionee can exercise this option.Option. EXHIBIT 4.5

Appears in 1 contract

Samples: Tanknology Nde International Inc

Option Not Transferable. This option Option is not transferable or assignable ----------------------- except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can exercise this optionOption.

Appears in 1 contract

Samples: Amendment Agreement (Astea International Inc)

Option Not Transferable. This option Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime only the Optionee can exercise this optionOption.

Appears in 1 contract

Samples: Option Exchange Agreement (Tudou Holdings LTD)

Option Not Transferable. This option The Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s Option Holder's lifetime only the Optionee can Option Holder shall have the right to exercise this optionthe Option.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Health & Nutrition Systems International Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During Except as set forth in the preceding sentence, during the Optionee’s lifetime 's lifetime, only the Optionee can exercise this option.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Versatility Inc)

Option Not Transferable. This option Option is not transferable or assignable except by the ----------------------- Optionholder otherwise than by will or by the laws of descent and distribution. During distribution and is exercisable, during the Optionee’s lifetime Optionholder's lifetime, only the Optionee can exercise this optionby him.

Appears in 1 contract

Samples: Aspect Communications Corp

Option Not Transferable. This option is not transferable or assignable ----------------------- except by will or by the laws of descent and distribution. During the Optionee’s lifetime 's lifetime, only the Optionee can exercise this option.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Cabletron Systems Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee’s lifetime lifetime, only the Optionee can exercise this option.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Avici Systems Inc)

Option Not Transferable. This option is not transferable or assignable ----------------------- except by will or by the laws of descent and distribution. During the Optionee’s lifetime Option Holder's lifetime, only the Optionee can Option Holder may exercise this option.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Averstar Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During Except as set forth in the preceding sentence, during the Optionee’s lifetime 's lifetime, only the Optionee can exercise this optionOption.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Molecular Simulations Inc)

Option Not Transferable. This option is The Option shall not be transferable or assignable except otherwise than by will Will or by the laws of descent and distribution. During , and the Option shall be exercisable during the lifetime of the Optionee only by the Optionee or the Optionee’s lifetime only the Optionee can exercise this optionguardian or legal representative.

Appears in 1 contract

Samples: Westinghouse Air Brake Technologies Corp

Option Not Transferable. This option The Option is not transferable or assignable ------------------------- except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can exercise this optionthe Option.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Mathsoft Inc)

Option Not Transferable. This option is not transferable or ----------------------- assignable except by will or by the laws of descent and distribution. During the Optionee’s 's lifetime only the Optionee can (or the guardian of an Optionee) may exercise this option.

Appears in 1 contract

Samples: Excel Inc

Option Not Transferable. This option The Option is not transferable or assignable except other than by will or by under the laws of descent and distribution. During the lifetime of the Optionee’s lifetime , the Option may be exercised only by the Optionee can exercise this optionOptionee.

Appears in 1 contract

Samples: Option Agreement (Golden Isles Financial Holdings Inc)

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