Non-Transferability of Awards Clause Example from Business Contracts

This example Non-Transferability of Awards clause appears in 4 contracts from 1 company

Non-Transferability of Awards. (a) General. Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution. The designation of a beneficiary by a Participant will not constitute a transfer. An Option may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award will contain such additional terms and co...nditions as the Administrator deems appropriate. View More Arrow
Found in Elastic N.V. contract
Elastic N.V. Contracts

2012 Stock Option Plan and related form agreements (Filed With SEC on June 26, 2020)

2012 Stock Option Plan and related form agreements (Filed With SEC on June 25, 2021)

Amended and Restated 2012 Stock Option Plan and related form agreements (Filed With SEC on March 10, 2022)

2012 Stock Option Plan and related form agreements (Filed With SEC on September 24, 2018)