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 Employee's lifetime only the Employee can exercise this option.

Appears in 41 contracts

Samples: Incentive Stock Option Agreement (Equallogic Inc), Incentive Stock Option Agreement (Insulet Corp), Non Qualified Stock Option Agreement (Breakaway Solutions Inc)

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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 Employee's ’s lifetime only the Employee can exercise this option.

Appears in 37 contracts

Samples: Restricted Stock Award Agreement (Acell Inc), Non Qualified Stock Option Agreement, Incentive Stock Option Agreement

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

Appears in 4 contracts

Samples: Davox Corporation (Davox Corp), Qualified Incentive Stock Option Agreement (Davox Corp), Transwitch Corporation (Transwitch Corp /De)

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

Appears in 2 contracts

Samples: Concord Communications Inc, Concord Communications 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 Employee's lifetime ’s lifetime, only the Employee can exercise this optionthe Option.

Appears in 2 contracts

Samples: Option Agreement (Concord Communications Inc), Option Agreement (Concord Communications Inc)

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

Appears in 2 contracts

Samples: Mathsoft Inc, Mathsoft 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 Employee's lifetime lifetime, only the Employee can exercise this optionthe Option.

Appears in 2 contracts

Samples: Option Agreement (Concord Communications Inc), Concord Communications Inc

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

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Iona Technologies PLC), Incentive Stock Option Agreement (Iona Technologies PLC)

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

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Meta Group Inc)

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

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Lionbridge Technologies Inc /De/)

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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 Employee's lifetime only the Employee can exercise this optionOption.

Appears in 1 contract

Samples: Molecular Simulations Incorporated (Molecular Simulations 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 Employee's lifetime only the Employee can exercise this optionOption.

Appears in 1 contract

Samples: Software Developers Co 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 Employee's lifetime only the Employee can exercise this option.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cabletron Systems Inc)

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

Appears in 1 contract

Samples: Incentive Stock Option Master Agreement (Citrix Systems Inc)

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

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Shiva Corp)

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