Limited Transferability Clause Example with 5 Variations from Business Contracts

This page contains Limited Transferability clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Limited Transferability. (a) Except as otherwise provided in this Paragraph 3, this option shall be neither transferable nor assignable by Optionee other than by will or the laws of inheritance following Optionee's death and may be exercised, during Optionee's lifetime, only by Optionee. (b) If this option is designated a Non-Statutory Option in the Grant Notice, then this option may be assigned in whole or in part during Optionee's lifetime to one or more of Optionee's family members (as defined in Rule 701 promulgated... by the Securities and Exchange Commission) or to Optionee's former spouse through a gift or a domestic relations order. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment. View More
Found in PROTEINSIMPLE contract

Variations of a "Limited Transferability" Clause from Business Contracts

Limited Transferability. (a) Except as otherwise provided in this Paragraph Section 3, this option shall be neither transferable nor assignable by Optionee other than by will or the laws of inheritance descent and distribution following Optionee's death and may be exercised, during Optionee's lifetime, only by Optionee. (b) If this option is designated a Non-Statutory Non-Qualified Stock Option in the Grant Notice, Section 1, then this option may be assigned in whole or in part during Optionee's lifetime to one or more ...of Optionee's family members (as defined in Rule 701 Form S-8 promulgated by the Securities and Exchange Commission) or to Optionee's former spouse Commission under the Securities Act of 1933, as amended) through a gift or a domestic relations order. order, or as otherwise permitted by Form S-8 promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment. 2 4. Dates of Exercise. This option shall become exercisable for the Option Shares as specified in Section 1. If the option is exercisable in installments, then as the option becomes exercisable for such installments, those installments shall accumulate, and the option shall remain exercisable for the accumulated installments until the Expiration Date or sooner termination of the option pursuant to this Agreement. View More
Found in New Beginnings Acquisition Corp. contract
Limited Transferability. (a) Except as otherwise provided in this Paragraph Section 3, this option shall be neither transferable nor assignable by Optionee other than by will or the laws of inheritance descent and distribution following Optionee's death and may be exercised, during Optionee's lifetime, only by Optionee. (b) If this option is designated a Non-Statutory Option in the Grant Notice, then this This option may be assigned in whole or in part during Optionee's lifetime to one or more of Optionee's family membe...rs (as defined in Rule 701 Form S-8 promulgated by the Securities and Exchange Commission) or to Optionee's former spouse Commission under the Securities Act of 1933, as amended) through a gift or a domestic relations order. order, or as otherwise permitted by Form S-8 promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment. View More
Found in New Beginnings Acquisition Corp. contract
Limited Transferability. (a) Except as otherwise provided in this Paragraph Section 3, this option shall be neither transferable nor assignable by Optionee other than by will or the laws of inheritance descent and distribution following Optionee's death and may be exercised, during Optionee's lifetime, only by Optionee. (b) If this option is designated a Non-Statutory Non-Qualified Stock Option in the Grant Notice, Section 1, then this option may be assigned in whole or in part during Optionee's lifetime to one or more ...of Optionee's family members (as defined in Rule 701 Form S-8 promulgated by the Securities and Exchange Commission) or to Optionee's former spouse Commission under the Securities Act of 1933, as amended) through a gift or a domestic relations order. order, or as otherwise permitted by Form S-8 promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment. View More
Found in New Beginnings Acquisition Corp. contract
Limited Transferability. (a) Except as otherwise provided in this Paragraph 3, this option shall be neither transferable nor assignable by Optionee other than by will or the laws of inheritance descent and distribution following Optionee's death and may be exercised, during Optionee's lifetime, only by Optionee. (b) If this option is designated a Non-Statutory Option in the Grant Notice, then this option may be assigned in whole or in part during Optionee's lifetime to one or more of Optionee's family members (as define...d in Rule 701 promulgated by the Securities and Exchange Commission) or to Optionee's former spouse Commission under the Securities Act of 1933, as amended) through a gift or a domestic relations order. order, or as otherwise permitted by Rule 701 promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment. View More
Found in NeuroSigma, Inc. contract
Limited Transferability. (a) Except as otherwise provided in this Paragraph 3, this option the Option shall be neither transferable nor assignable by Optionee other than by will or the laws of inheritance following Optionee's death and may be exercised, during Optionee's lifetime, only by Optionee. (b) If this option is designated a Non-Statutory The Option in the Grant Notice, then this option may be assigned in whole or in part during Optionee's lifetime to one or more of Optionee's family members (as such term is def...ined in Rule 701 promulgated by the Securities and Exchange Commission) instructions to Form S-8), or to Optionee's former spouse through a gift or a domestic relations order. The terms applicable to the assigned portion shall be the same as those in effect for this option the Option immediately prior to such assignment. View More
Found in 3 Contracts from BIOLASE, INC