Non-Transferability Clause Example with 4 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. The right of the Participant to exercise the Option shall not be assignable or transferable by the Participant otherwise than by will or the laws of descent and distribution, and the Option may be exercised during the lifetime of the Participant only by him or her. The Option shall be null and void and without effect upon the bankruptcy of the Participant or upon any attempted assignment or transfer, except as hereinabove provided, including without limitation any purported assignment, whether v...oluntary or by operation of law, pledge, hypothecation or other disposition contrary to the provisions hereof, or levy of execution, attachment, divorce, trustee process or similar process, whether legal or equitable, upon the Option. View More
Found in BRUKER CORP contract

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

Non-Transferability. The right of the Participant Employee to exercise the Option shall not be assignable or transferable by the Participant Employee otherwise than by will or the laws of descent and distribution, or pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act, or the rules thereunder, and the Option may be exercised during the lifetime of the Participant Employee only by him or her. The Option shall be null and void and without ef...fect upon the bankruptcy of the Participant or upon any attempted assignment or transfer, except as hereinabove provided, including without limitation any purported assignment, whether voluntary or by operation of law, pledge, hypothecation or other disposition contrary to the provisions hereof, or levy of execution, attachment, divorce, trustee process or similar process, whether legal or equitable, upon the Option. View More
Found in Haemonetics contract
Non-Transferability. The right of the Participant Optionee to exercise the Option shall not be assignable or transferable by the Participant Optionee otherwise than by will or the laws of descent and distribution, distribution and the Option may shall be exercised exercisable during the lifetime of the Participant Optionee only by him or her. the Optionee. The Option shall be null and void and without effect upon the bankruptcy of the Participant Optionee or upon any attempted assignment or transfer, except as herei...nabove provided, including without limitation any purported assignment, whether voluntary or by operation of law, pledge, hypothecation or other disposition contrary to the provisions hereof, or levy of execution, attachment, divorce, trustee process or similar process, whether legal or equitable, upon the Option. View More
Found in OCULAR THERAPEUTIX, INC contract
Non-Transferability. The Except as otherwise provided in the Plan, the right of the Participant Optionee to exercise the Option shall not be assignable or transferable by the Participant Optionee otherwise than by will or the laws of descent and distribution, distribution and the Option may shall be exercised exercisable during the lifetime of the Participant Optionee only by him or her. the Optionee. The Option shall be null and void and without effect upon the bankruptcy of the Participant Optionee or upon any att...empted assignment or transfer, except as hereinabove provided, including without limitation any purported assignment, whether voluntary or by operation of law, pledge, hypothecation or other disposition contrary to the provisions hereof, or levy of execution, attachment, divorce, trustee process or similar process, whether legal or equitable, upon the Option. View More
Found in MARCHEX INC contract
Non-Transferability. The right of the Participant Employee to exercise the Option shall not be assignable or transferable by the Participant Employee otherwise than by will or the laws of descent and distribution, and the Option may be exercised during the lifetime of the Participant Employee only by him or her. The Option shall be null and void and without effect upon the bankruptcy of the Participant Employee or upon any attempted assignment or transfer, except as hereinabove provided, including without limitation... any purported assignment, whether voluntary or by operation of law, pledge, hypothecation or other disposition contrary to the provisions hereof, or levy of execution, attachment, divorce, trustee process or similar process, whether legal or equitable, upon the Option. View More
Found in BRUKER CORP contract