Common use of Options Not Transferable Clause in Contracts

Options Not Transferable. Options may not be transferred (other than by will or laws of descent and distribution). Any attempt to effect a transfer of Options that is not permitted by the Plan or this Agreement shall be null and void.

Appears in 8 contracts

Samples: Non Qualified Stock Option Agreement (Nyfix Inc), Non Qualified Stock Option Agreement (Nyfix Inc), Non Qualified Stock Option Agreement (Nyfix Inc)

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Options Not Transferable. Options may not be transferred Transferred (other than by will or laws of descent and distribution). Any attempt to effect a transfer Transfer of Options that is not permitted by the Plan or this Option Agreement shall be null and void.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Madison Run, LLC), Non Qualified Stock Option Agreement (Madison Run, LLC), Non Qualified Stock Option Agreement (Crippen Roy E Iii)

Options Not Transferable. Options may not be transferred by the Participant (other than by will or laws of descent and distribution). Any attempt by the Participant to effect a transfer of Options that is not permitted by the Plan or this Agreement shall be null and void.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (iDcentrix, Inc.), Non Qualified Stock Option Agreement (iDcentrix, Inc.), Non Qualified Stock Option Agreement (iDcentrix, Inc.)

Options Not Transferable. Options may not be transferred Transferred (other than by will or laws of descent and distribution). Any attempt to effect a transfer Transfer of Options that is not permitted by the Plan or this Option Agreement shall be null and void.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Graftech International LTD), Non Qualified Stock Option Agreement (Ucar International Inc)

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Options Not Transferable. Options may not be transferred Transferred (other than by will or laws of descent and distributiondescent). Any attempt to effect a transfer Transfer of Options that is not permitted by the Plan or this Agreement shall be null and voidvoid and of no effect.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Ucar International Inc)

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