Non-Transferability of Option Clause Example from Business Contracts

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

Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution. The designation of a beneficiary does not constitute a transfer. This Option may be exercised during the lifetime of the Optionee only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
Found in ALTABA INC. contract
ALTABA INC. Contracts

YAHOO! INC. 1995 STOCK PLAN NOTICE OF PERFORMANCE STOCK OPTION GRANT (Filed With SEC on March 1, 2013)

YAHOO! INC. NOTICE OF STOCK OPTION GRANT (Filed With SEC on May 7, 2013)

YAHOO! INC. NOTICE OF STOCK OPTION GRANT (Filed With SEC on May 7, 2013)

YAHOO! INC. NOTICE OF STOCK OPTION GRANT (Filed With SEC on August 8, 2013)