Non-Transferability Clause Example with 7 Variations from Business Contracts

This page contains Non-Transferability clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Non-Transferability. Except as otherwise permitted by the Committee, the Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the Employee, only by such Employee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged or hypothecated in any way, shall not be assignable by operation of law, and shall not be subject to exe...cution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Option contrary to the provisions hereof or the levy of any execution, attachment or similar process upon the Option shall be null and void and without effect. View More
Found in Valmont Industries Inc contract

Variations of a "Non-Transferability" Clause from Business Contracts

Non-Transferability. Except as otherwise permitted by the Committee, the Option shall is not be transferable otherwise than by will or the laws of descent and distribution, and the Option distribution upon your death. During your lifetime, only you (or your legal representative) may be exercised, during the lifetime of the Employee, only by such Employee. exercise your rights under this Option. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (exce...pt as provided above), pledged pledged, or hypothecated in any way, shall not be assignable by operation of law, and shall not be subject to execution, attachment attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation hypothecation, or other disposition of the Option contrary to the provisions hereof or the levy of any execution, attachment or similar process upon the Option shall be null and void and without effect. View More
Found in Valmont Industries Inc contract
Non-Transferability. Except as otherwise permitted by the Committee, the The Option shall not be transferable otherwise than by will or the laws of descent and distribution, or pursuant to a qualified domestic relations order as defined by the Internal Revenue Code (the "Code"), or Title I of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or the rules thereunder. Subject to the foregoing, and subject to the Option may be exercised, provisions of Section 5 below, during the lifetime of the... Employee, Optionee, the Option shall be exercisable only by such Employee. the Optionee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged pledged, or hypothecated in any way, shall not be assignable by operation of law, law and shall not be subject to execution, attachment attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation hypothecation, or other disposition of the Option contrary to the provisions hereof or hereof, and the levy of any execution, attachment attachment, or similar process upon the Option shall be null and void and without effect. View More
Found in 2 Contracts from UFP TECHNOLOGIES INC
Non-Transferability. Except as otherwise permitted by the Committee, the The Option shall not be transferable otherwise than by will or the laws of descent and distribution, distribution; and the Option may be exercised, during the lifetime of the Employee, Optionee, only by such Employee. him or her. More particularly (but without limiting the generality of the foregoing), the Option option may not be assigned, transferred (except as provided above), pledged pledged, or hypothecated in any way, shall not be assigna...ble by operation of law, and shall not be subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation hypothecation, or other disposition of the Option contrary to the provisions hereof hereof, or the levy of any execution, attachment or similar process upon the Option Option, shall be null and void and without effect. View More
Found in 2 Contracts from RELMADA THERAPEUTICS, INC.
Non-Transferability. Except as otherwise permitted by the Committee, the The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and or pursuant to a qualified domestic relations order as defined in the Code, or Title I of the Employee Retirement Income Security Act of 1974, as amended or the regulations thereunder. Subject to the foregoing, the Option may be exercised, during the lifetime of the Employee, Optionee, only by such Employee. him. More particularly (but witho...ut limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged pledged, or hypothecated in any way, shall not be assignable by operation of law, law and shall not be subject to execution, attachment attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation hypothecation, or other disposition of the Option contrary to the provisions hereof or hereof, and the levy of any execution, attachment attachment, or similar process upon the Option shall be null and void and without effect. View More
Found in 3 Contracts from PSYCHEMEDICS CORP
Non-Transferability. Except as otherwise permitted by the Committee, the The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and or pursuant to a qualified domestic relations order as defined in the Code, or Title I of the Employee Retirement Income Security Act of 1974, as amended or the regulations thereunder. Subject to the foregoing, the Option may be exercised, during the lifetime of the Employee, only by such Employee. him. More particularly (but without limitin...g the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged pledged, or hypothecated in any way, shall not be assignable by operation of law, law and shall not be subject to execution, attachment attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation hypothecation, or other disposition of the Option contrary to the provisions hereof or hereof, and the levy of any execution, attachment attachment, or similar process upon the Option shall be null and void and without effect. View More
Found in 4 Contracts from 2 Companies
Non-Transferability. Except as otherwise permitted by the Committee, the The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the Employee, Director, only by such Employee. Director. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged pledged, or hypothecated in any way, shall not be assignable by operation of law..., and shall not be subject to execution, attachment attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation hypothecation, or other disposition of the Option contrary to the provisions hereof or hereof, and the levy of any execution, attachment attachment, or similar process upon the Option shall be null and void and without effect. View More
Found in GOLDEN ENTERTAINMENT, INC. contract
Non-Transferability. Except as otherwise permitted by the Committee, the The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the Employee, Director, only by such Employee. Director. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged or hypothecated in any way, shall not be assignable by operation of law, and sha...ll not be subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Option contrary to the provisions hereof or the levy of any execution, attachment or similar process upon the Option shall be null and void and without effect. View More
Found in Valmont Industries Inc contract