Common use of Restrictions on Transfer of Options Clause in Contracts

Restrictions on Transfer of Options. The Options are non-transferable (other than any transfer of Options that are vested and exercisable upon the death of a holder of the Options to such holder’s estate or beneficiaries), unless such transfer is expressly approved by the Board of Directors of the Corporation.

Appears in 2 contracts

Samples: Stock Acquisition Rights Agreement (Sony Corp), Stock Acquisition Rights Agreement (Sony Corp)

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Restrictions on Transfer of Options. The Options are non-transferable (other than any transfer of Options that are vested and exercisable upon the death of a holder of the Options to such holder’s 's estate or beneficiaries), unless such transfer is expressly approved by the Board of Directors of the Corporation.

Appears in 1 contract

Samples: Stock Acquisition Rights Agreement (Sony Corp)

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Restrictions on Transfer of Options. The Options are non-transferable nontransferable (other than any transfer of Options that are vested and exercisable upon the death of a holder of the Options Qualified Person to such holder’s Qualified Person's estate or beneficiaries), unless such transfer is expressly approved by the Board of Directors of the Corporation.

Appears in 1 contract

Samples: Agreement Concerning Allocation of Stock Acquisition Rights (Sony Corp)

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