Non-Transferability of Option Clause Example from Business Contracts

This example Non-Transferability of Option clause appears in 4 contracts from 3 companies

Non-Transferability of Option. This Option may not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of other than by will or by the laws of descent or distribution or by court order, and may be exercised during the lifetime of Participant only by Participant or unless otherwise permitted by the Committee on a case-by-case basis. The terms of the Plan and this Option Agreement will be binding upon the executors, administrators, heirs, successors and assigns of Participant.
Found in Nurix Therapeutics, Inc. contract
Nurix Therapeutics, Inc. Contracts

2020 Equity Incentive Plan, to become effective on the date immediately prior to the date the registration statement is declared effective, and forms of award agreements (Filed With SEC on July 20, 2020)

GRAYBUG VISION, INC. Contracts

2020 Equity Incentive Plan, to become effective on the date immediately prior to the date the registration statement is declared effective, and forms of award agreements (Filed With SEC on September 4, 2020)

2020 Equity Incentive Plan, to become effective on the date immediately prior to the date the registration statement is declared effective, and forms of award agreements (Filed With SEC on September 21, 2020)

Lakeshore Acquisition II Corp. Contracts

Form of 2022 Equity Incentive Plan (Filed With SEC on September 12, 2022)