Assignability of Options Contract Clauses (12)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Assignability of Options clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Assignability of Options. Neither payroll deductions credited to a Participant's Purchase Account nor any rights with regard to the exercise of an Option or to receive Shares under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution or as provided in Section 16 hereof) by the Participant. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect, except that the Company may treat such act as an ele...ction to withdraw from an Offering Period in accordance with Section 12 hereof. View More
Assignability of Options. Neither payroll deductions or other contributions credited to a Participant's Purchase Account nor any rights with regard to the exercise of an Option or to receive Shares under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution or as provided in Section 16 hereof) by the Participant. Participant; provided that the Shares acquired pursuant to the terms of the Cashless Participation Program may be pledged an...d sold pursuant to the terms of the Cashless Participation Program. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect, except that the Company may treat such act as an election to withdraw from an Offering Period in accordance with Section 12 hereof. View More
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