Non-Transferability of Option Clause Example from Business Contracts

This example Non-Transferability of Option clause appears in 31 contracts from 13 companies

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 and may be exercised during the lifetime of Participant only by Participant. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of Participant.
GoDaddy Inc. Contracts

BOOTSTRAP, INC. 2008STOCK PLAN (Filed With SEC on February 13, 2015)