Non-Transferability of Option Clause Example from Business Contracts

This example Non-Transferability of Option clause appears in 2 contracts from 1 company

Non-Transferability of Option. Except as otherwise determined by the Administrator, the Option and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) in any manner otherwise than by will or by the laws of descent or distribution, 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 Plan and the Option Agreement ...shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant. View More
Found in AEROHIVE NETWORKS, INC contract
AEROHIVE NETWORKS, INC Contracts

AEROHIVE NETWORKS, INC. 2006 GLOBAL SHARE PLAN (As amended by the Companys Board of Directors effective March 12, 2014) (Filed With SEC on March 17, 2014)

AEROHIVE NETWORKS, INC. 2006 GLOBAL SHARE PLAN (As amended by the Companys Board of Directors effective December 18, 2013) (Filed With SEC on February 13, 2014)