Non-Transferability Clause Example from Business Contracts

This example Non-Transferability clause appears in 6 contracts from 6 companies

Non-Transferability. The Option, and any rights and interests with respect thereto, issued under this Agreement and the Plan shall not be sold, exchanged, transferred, assigned or otherwise disposed of in any way by the Participant (or any beneficiary of the Participant), other than by testamentary disposition by the Participant or the laws of descent and distribution. Notwithstanding the foregoing, the Committee may, in its sole discretion, permit the Option to be Transferred to a Family Member for no value, provid...ed that such Transfer shall only be valid upon execution of a written instrument in form and substance acceptable to the Committee in its sole discretion evidencing such Transfer and the transferee's acceptance thereof signed by the Participant and the transferee, and provided, further, that the Option may not be subsequently Transferred other than by will or by the laws of descent and distribution or to another Family Member (as permitted by the Committee in its sole discretion) in accordance with the terms of the Plan and this Agreement, and shall remain subject to the terms of the Plan and this Agreement. Any attempt to sell, exchange, transfer, assign, pledge, encumber or otherwise dispose of or hypothecate in any way the Option, or the levy of any execution, attachment or similar legal process upon the Option, contrary to the terms and provisions of this Agreement and/or the Plan shall be null and void and without legal force or effect. View More
Found in 21st Century Oncology Holdings, Inc. contract
loanDepot, Inc. Contracts

Form Nonqualified Stock Option Agreement (Filed With SEC on January 21, 2021)

CISION LTD. Contracts

Form of performance-vesting options pursuant to the Cision Ltd. 2017 Omnibus Incentive Plan (Filed With SEC on November 8, 2018)

OTG EXP, Inc. Contracts

NONQUALIFIED STOCK OPTION AGREEMENT PURSUANT TO THE OTG EXP, INC.2016 OMNIBUS INCENTIVE PLAN * * * * * (Filed With SEC on February 2, 2016)

21st Century Oncology Holdings, Inc. Contracts

NONQUALIFIED STOCK OPTION AGREEMENT PURSUANT TO THE 21st CENTURY ONCOLOGY HOLDINGS, INC. 2014 OMNIBUS INCENTIVE PLAN * * * * * (Filed With SEC on May 7, 2014)

Townsquare Media, Inc. Contracts

NONQUALIFIED STOCK OPTION AWARD AGREEMENT PURSUANT TO THE TOWNSQUARE MEDIA, INC. 2014 OMNIBUSINCENTIVE PLAN * * * * * (Filed With SEC on July 14, 2014)

Civitas Solutions, Inc. Contracts

NONQUALIFIED STOCK OPTION AGREEMENT PURSUANT TO THE CIVITASSOLUTIONS, INC. 2014 OMNIBUS INCENTIVE PLAN * * * * * (Filed With SEC on September 3, 2014)