Limited Transferability Clause Example from Business Contracts

This example Limited Transferability clause appears in 7 contracts from 5 companies

Limited Transferability. During your lifetime only you can exercise the Option. The Option is not transferable except by will or by the applicable laws of descent and distribution. The Plan provides for exercise of the Option by a beneficiary designated on a Company-approved form or the personal representative of your estate. Notwithstanding the foregoing and to the extent permitted by Section 422 of the Internal Revenue Code of 1986, the Committee, in its sole discretion, may permit you to assign or transfer the Option..., subject to such terms and conditions as specified by the Committee. View More
OptimizeRx Corp Contracts

AttachmentA BONUSPLAN (Filed With SEC on February 19, 2016)