Common use of Restriction on Transfer of Options Clause in Contracts

Restriction on Transfer of Options. The Holder of the Option Certificate, by its acceptance thereof, covenants and agrees that the Options are being acquired as an investment and not with a view to the distribution thereof.

Restriction on Transfer of Options. The Holder of the a Option Certificate, by its his acceptance thereof, covenants and agrees that the Options are being acquired as an investment and not with a view to the distribution thereof, and that the Options may not be sold, transferred, assigned, hypothecated or otherwise disposed of, in whole or in part.