Non-Transferability of Option Clause Example with 7 Variations from Business Contracts

This page contains Non-Transferability of Option 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.
Non-Transferability of Option. The Option and the rights and privileges conferred hereby may not be sold, transferred by gift, pledged, hypothecated, or otherwise transferred or disposed of (whether by operation of law or otherwise) in any manner otherwise than by will or by the laws of descent or distribution, will not be subject to sale under execution, attachment, levy or similar process and may be exercised during the lifetime of the Participant only by the Participant. The terms of the Notice, this Award Agreement and th...e Plan are binding upon the executors, administrators, heirs, successors and assigns of the Participant. -2- 6. Term of Option. The Option will in any event expire on the Expiration Date set forth in the Notice, and may be exercised prior to the Expiration Date only in accordance with the Plan and the terms of this Award Agreement. View More
Found in T Acquisition, Inc. contract

Variations of a "Non-Transferability of Option" Clause from Business Contracts

Non-Transferability of Option. The Option and the rights and privileges conferred hereby may shall not be sold, transferred by gift, pledged, hypothecated, pledged or otherwise transferred or disposed of (whether by operation of law or otherwise) in any manner otherwise than by will or by the laws of descent or distribution, will shall not be subject to sale under execution, attachment, levy or similar process and may be exercised during the lifetime of the Participant Optionee only by the Participant. Optionee. The terms of ...the Notice, this Award Option Agreement and the Plan are shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant. -2- 6. Term of Option. The Option will in any event expire on the Expiration Date set forth in the Notice, and may be exercised prior to the Expiration Date only in accordance with the Plan and the terms of this Award Agreement. Optionee. View More
Found in CBTX, Inc. contract
Non-Transferability of Option. The Except as otherwise determined by the Administrator, the Option and the rights and privileges conferred hereby may shall not be sold, transferred by gift, pledged, hypothecated, pledged or otherwise transferred or disposed of (whether by operation of law or otherwise) in any manner otherwise than by will or by the laws of descent or distribution, will shall not be subject to sale under execution, attachment, levy or similar process and may be exercised during the lifetime of the Participant ...only by the Participant. The terms of the Notice, this Award Agreement Plan and the Plan are Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant. -2- 6. Term of Option. The Option will in any event expire on the Expiration Date set forth in the Notice, and may be exercised prior to the Expiration Date only in accordance with the Plan and the terms of this Award Agreement. View More
Found in 2 Contracts from AEROHIVE NETWORKS, INC
Non-Transferability of Option. The Option and the rights and privileges conferred hereby may will not be sold, transferred by gift, pledged, hypothecated, pledged or otherwise transferred or disposed of (whether by operation of law or otherwise) in any manner otherwise than by will or by the laws of descent or distribution, will not be subject to sale under execution, attachment, levy or similar process and may be exercised during the lifetime of the Participant Optionee only by the Participant. Optionee. The terms of the Not...ice, this Award Agreement Plan and the Plan are Option Agreement will be binding upon the executors, administrators, heirs, successors and assigns of the Participant. -2- 6. 9. Term of Option. The This Option will in any event expire on may be exercised only within the Expiration Date term set forth out in the Notice, Notice of Stock Option Grant, and may be exercised prior to the Expiration Date during such term only in accordance with the Plan and the terms of this Award Agreement. Option. View More
Found in MAVENIR SYSTEMS INC contract
Non-Transferability of Option. The Option and the rights and privileges conferred hereby may shall not be sold, transferred by gift, pledged, hypothecated, or otherwise transferred or disposed of (whether by operation of law or otherwise) in any manner otherwise than by will or by the laws of descent or distribution, will shall not be subject to sale under execution, attachment, levy or similar process and may be exercised during the lifetime of the Participant only by the Participant. The terms of the Notice, this Award Agre...ement and the Plan are shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant. -2- 6. Term of Option. The Option will in any event expire on the Expiration Date set forth in the Notice, and may be exercised prior to the Expiration Date only in accordance with the Plan and the terms of this Award Agreement. View More
Found in Tapstone Energy Inc. contract
Non-Transferability of Option. The Option and the rights and privileges conferred hereby may not be sold, transferred by gift, pledged, hypothecated, or otherwise transferred or disposed of (whether by operation of law or otherwise) in any manner otherwise than by will or by the laws of descent or distribution, will not be subject to sale under execution, attachment, levy or similar process and may be exercised during the lifetime of the Participant only by the Participant. The terms of the Notice, this Award Agreement and th...e Plan are binding upon the executors, administrators, heirs, successors and assigns of the Participant. -2- 6. Term of Option. The Option will in any event expire on the Expiration Date set forth in the Notice, and may be exercised prior to the Expiration Date only in accordance with the Plan and the terms of this Award Agreement. View More
Found in Bank7 Corp. contract
Non-Transferability of Option. The Option and the rights and privileges conferred hereby may not be sold, transferred by gift, pledged, hypothecated, or otherwise transferred or disposed of (whether by operation of law or otherwise) in any manner otherwise other than by will or by the laws of descent or distribution, and will not be subject to sale under execution, attachment, levy or similar process and may be exercised during the lifetime of the Participant only by the Participant. The terms of the Notice, Notice and this A...ward Agreement and the Plan are binding upon the executors, administrators, heirs, successors and assigns of the Participant. Any attempt to transfer the Option in violation of this Section 5 will be null and void and will be disregarded. -2- 6. Term of Option. The Option will in any event expire on the Expiration Date set forth in the Notice, and may be exercised prior to the Expiration Date only in accordance with the Plan and the terms of the Notice and this Award Agreement. View More
Found in 2 Contracts from Flotek Industries, Inc.
Non-Transferability of Option. The Option and the rights and privileges conferred hereby may shall not be sold, transferred by gift, pledged, hypothecated, pledged or otherwise transferred or disposed of (whether by operation of law or otherwise) in any manner otherwise than by will or by the laws of descent or distribution, will shall not be subject to sale under execution, attachment, levy or similar process and may be exercised during the lifetime of the Participant only by the Participant. The terms of the Notice, this Aw...ard Agreement and the Plan are shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant. -2- 6. 2 7. Term of Option. The Option will shall in any event expire on the Expiration Date set forth in the Notice, and may be exercised prior to the Expiration Date only in accordance with the Plan and the terms of this Award Agreement. View More
Found in Applied Optoelect contract