Non-Transferability of Option Clause Example from Business Contracts

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

Non-Transferability of Option. This Option may not be transferred in any manner except by will or by the laws of descent or distribution. It may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
Found in Principia Biopharma Inc. contract
Principia Biopharma Inc. Contracts

Forms of grant notice, stock option agreement and notice of exercise under the Principia Biopharma Inc. 2008 Equity Incentive Plan (Filed With SEC on August 17, 2018)

BASANITE, INC. Contracts

PAYMEON, INC. NON QUALIFIED STOCK OPTION AGREEMENT (Filed With SEC on March 2, 2016)

Coherus BioSciences, Inc. Contracts

COHERUS BIOSCIENCES INC. 2010 EQUITY INCENTIVE PLAN STOCK OPTION AGREEMENT (Filed With SEC on September 25, 2014)