Common use of Transfer, etc Clause in Contracts

Transfer, etc. 8.1 Any Employee Stock Options which have not been exercised in accordance with the provisions above at the expiration of the Exercise Period will lapse, entailing that the Stock Option Holder’s possibility to exercise them to acquire shares – as well as other rights connected to them – will lapse. The same shall apply if the Employee Stock Options lapse due to other provision of this agreement or if the Stock Option Holder has not fulfilled his/her payment obligation in due time. If the Employee Stock Options lapse according to this agreement, the Stock Option Holder has no right to compensation. 8.2 The Stock Option Holder is not entitled to transfer, pledge or in any other manner dispose of the Employee Stock Options or the rights and obligations pursuant to this agreement. 8.3 If the Stock Option Holder disposes of some or all of the Employee Stock Options in violation of the conditions in this agreement, all of the Employee Stock Options will lapse, entailing that the Company will no longer have an obligation to deliver shares according to this agreement.

Transfer, etc. 8.1 9.1 Any Employee Stock Options which have not been exercised in accordance with the provisions above at the expiration of the Exercise Period will lapse, entailing that the Stock Option Holder’s possibility to exercise them to acquire shares – as well as other rights connected to them – will lapse. The same shall apply if the Employee Stock Options lapse due to other provision of this agreement or if the Stock Option Holder has not fulfilled his/her payment obligation in due time. If the Employee Stock Options lapse according to this agreement, the Stock Option Holder has no right to compensation. 8.2 9.2 The Stock Option Holder is not entitled to transfer, pledge or in any other manner dispose of the Employee Stock Options or the rights and obligations pursuant to this agreement. 8.3 9.3 If the Stock Option Holder disposes of some or all of the Employee Stock Options in violation of the conditions in this agreement, all of the Employee Stock Options will lapse, entailing that the Company will no longer have an obligation to deliver shares according to this agreement.