Common use of Transferability of Option Clause in Contracts

Transferability of Option. The Option shall not be transferable except by will or the laws of descent and distribution, and any attempt to do so shall void the Option.

Appears in 23 contracts

Samples: Stock Option Agreement (McEwen Mining Inc.), Stock Option Agreement (PetroShare Corp.), Stock Option Agreement (PetroShare Corp.)

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Transferability of Option. The Option shall not be transferable except by will or the laws of descent and distribution, distribution and any attempt to do so shall void the Option.

Appears in 11 contracts

Samples: Option Agreement (Pollution Research & Control Corp /Ca/), Option Agreement (Pollution Research & Control Corp /Ca/), Option Agreement (Pollution Research & Control Corp /Ca/)

Transferability of Option. The This Option shall not be assignable or transferable except by the Optionee, other than by will or the laws of descent and distribution, and any attempt to do so shall void the Option.

Appears in 7 contracts

Samples: Stock Option Agreement (FGX International Holdings LTD), Incentive Stock Option Agreement (FGX International Holdings LTD), Stock Option Agreement (FGX International Holdings LTD)

Transferability of Option. The Option shall not be transferable except by will or the laws of descent and distribution, and any attempt to do so shall void the Option. Any transfer by will or intestate laws shall be subject to the provisions of Paragraph 7.

Appears in 3 contracts

Samples: Stock Option Agreement (Mediacomm Broadcasting Systems Inc), Stock Option Agreement (Mediacomm Broadcasting Systems Inc), Stock Option Agreement (Mediacomm Broadcasting Systems Inc)

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Transferability of Option. The Option shall not be transferable except by will or the laws of descent and distributiondistribu-tion, and any attempt to do so shall void the Option.

Appears in 1 contract

Samples: Stock Option Agreement (Chembio Diagnostics, Inc.)

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