Common use of TRANSFERABILITY OF THE OPTIONS Clause in Contracts

TRANSFERABILITY OF THE OPTIONS. (a) The Grantee shall not sell, transfer, assign, pledge or otherwise dispose of (a "Transfer") any interest in any Option with respect to any Unvested Shares. Any Option with respect to any Vested Shares of the Grantee shall not be Transferred other than as a result of the death of such Grantee, testate or intestate, and the restrictions herein shall apply to any Transfer by any such permitted transferee.

TRANSFERABILITY OF THE OPTIONS. (a) The Grantee shall not sell, transfer, assign, pledge or otherwise dispose of (a "Transfer") any interest in any Option with respect to any Unvested Shares. Any Option with respect to any Vested Shares of the Grantee shall not be Transferred other than as a result of the death of such Grantee, testate or intestate, and the restrictions herein shall apply to any Transfer by any such permitted transferee.. 3

TRANSFERABILITY OF THE OPTIONS. (a) The Grantee shall not sell, transfer, assign, pledge or otherwise dispose of (a "Transfer") any interest in any Option with respect to any Unvested Shares. Any Option with respect to any Vested Shares of the Grantee shall not be Transferred other than as a result of the death of such Grantee, testate or intestate, and the restrictions herein shall apply to any Transfer by any such permitted transferee.the

TRANSFERABILITY OF THE OPTIONS. (a) The Grantee shall not sell, transfer, assign, pledge or otherwise dispose of (a "“Transfer"”) any interest in any Option with respect to any Unvested Shares. Any Option with respect to any Vested Shares of the Grantee shall not be Transferred other than as a result of the death of such Grantee, testate or intestateprovided herein, and the restrictions herein shall apply to any Transfer by any such permitted transferee.