Common use of Transferability; Binding Effect Clause in Contracts

Transferability; Binding Effect. Subject to Section 15 of the Plan, the Option is not transferable by the Grantee otherwise than by will or the laws of descent and distribution, and in no event shall this award be transferred for value.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (YETI Holdings, Inc.), Nonqualified Stock Option Agreement (NRC Group Holdings Corp.), Nonqualified Stock Option Agreement (Horizon Global Corp)

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Transferability; Binding Effect. Subject to Section 15 of the Plan, the Option is not transferable by the Grantee Optionee otherwise than by will or the laws of descent and distribution, and in no event shall this award be transferred for value.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Cibus Global, Ltd.), Nonqualified Stock Option Agreement (Cibus Global, Ltd.)

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Transferability; Binding Effect. Subject to Section 15 of the Plan, the Option is not transferable by the Grantee Optionee otherwise than by will or the laws of descent and distribution, and in no event shall this award be transferred for value.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Ceco Environmental Corp)

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