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 the laws of descent and distribution and 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 Optionee.
Found in InfuSystem Holdings, Inc contract
InfuSystem Holdings, Inc Contracts

Inducement Stock Option Award Agreement by and between InfuSystem Holdings, Inc. and Gregory Schulte, effective May 7, 2018 (Filed With SEC on May 14, 2018)

STOCK OPTION AWARD AGREEMENT INFUSYSTEM HOLDINGS, INC. EQUITY PLAN (Filed With SEC on November 10, 2014)

STOCK OPTION AWARD AGREEMENT INFUSYSTEM HOLDINGS, INC. 2007 STOCK INCENTIVE PLAN (Filed With SEC on May 5, 2014)

Stock Option Agreement by and between the Company and Richard DiIorio, effective November 15, 2017 (Filed With SEC on November 20, 2017)