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.

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.

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.