Non-Assignability Clause Example from Business Contracts

This example Non-Assignability clause appears in 6 contracts from 5 companies

Non-Assignability. The Option shall not be transferable by the Participant otherwise than by will or by the laws of descent and distribution. If this Option is a Non-Qualified Option then it may also be transferred pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act or the rules thereunder. Except as provided above in this paragraph, the Option shall be exercisable, during the Participant's lifetime, only by the Participant (or, in the e...vent of legal incapacity or incompetency, by the Participant's guardian or representative) and shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of the Option or of any rights granted hereunder contrary to the provisions of this Section 7, or the levy of any attachment or similar process upon the Option shall be null and void. 3 8. NO RIGHTS AS STOCKHOLDER UNTIL EXERCISE. The Participant shall have no rights as a stockholder with respect to Shares subject to this Agreement until registration of the Shares in the Company's share register in the name of the Participant. Except as is expressly provided in the Plan with respect to certain changes in the capitalization of the Company, no adjustment shall be made for dividends or similar rights for which the record date is prior to the date of such registration. View More
Found in HealthCor Catalio Acquisition Corp. contract
HYDROFARM HOLDINGS GROUP, INC. Contracts

Form of Hydrofarm Holdings Group, Inc. 2020 Equity Incentive Plan Stock Option Notice (Filed With SEC on December 1, 2020)

HighCape Capital Acquisition Corp. Contracts

Form of Stock Option Agreement under 2021 Equity Incentive Plan (Filed With SEC on June 15, 2021)

Sustainable Opportunities Acquisition Corp. Contracts

Form of Stock Option Agreement under TMC the metals company Inc. 2021 Incentive Equity Plan (Filed With SEC on September 15, 2021)

Form of Stock Option Agreement under TMC the metals company Inc. 2021 Incentive Equity Plan (Filed With SEC on September 15, 2021)

HealthCor Catalio Acquisition Corp. Contracts

Form of Stock Option Agreement under 2021 Equity Incentive Plan (Filed With SEC on December 28, 2021)

CATASYS, INC. Contracts

CATASYS, INC. Stock Option Grant Notice Stock Option Grant under the Companys 2010 Stock Incentive Plan (Filed With SEC on March 31, 2015)