Nontransferability of Options Clause Example with 14 Variations from Business Contracts

This page contains Nontransferability of Options 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.
Nontransferability of Options. To the extent that this Option is designated as an Incentive Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws or intestate succession, or, in the Administrator's discretion, such transfers as may otherwise be permitted in accordance with Treasury Regulation Section 1.421-1(b)(2) or Treasury Regulation Section 1.421-2(c) or any successor provisions thereto. To the extent that this Option is treated as a ...Nonqualified Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except for transfers if and to the extent permitted by the Administrator in a manner consistent with the registration provisions of the Securities Act of 1933, as amended (the "Securities Act"). Except as may be permitted by the preceding sentences, the Option shall be exercisable during the Participant's lifetime only by him or her or by his or her guardian or legal representative. The designation of a beneficiary in accordance with the Plan does not constitute a transfer. View More
Found in CATALYST BIOSCIENCES, INC. contract

Variations of a "Nontransferability of Options" Clause from Business Contracts

Nontransferability of Options. To the extent that this Option is designated as an Incentive Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws or intestate succession, of descent and distribution, or, in the Administrator's discretion, such transfers as may otherwise be permitted in accordance with Treasury Regulation U.S. Treas. Reg. Section 1.421-1(b)(2) or Treasury Regulation Treas. Reg. Section 1.421-2(c) or any successor provision...s thereto. To the extent that this Option is treated designated as a Nonqualified Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, descent and distribution, except for transfers if and to the extent permitted by the Administrator in a manner consistent with the Plan and Applicable Law including the registration provisions of the Securities Act of 1933, as amended (the "Securities Act"). Act. Except as may be permitted by the preceding sentences, preceding, the Option shall be exercisable during the Participant's lifetime only by him the Participant or her or by his or her guardian or legal representative. The designation of a beneficiary in accordance with the Plan does not constitute a transfer. View More
Found in Qorvo contract
Nontransferability of Options. To the extent that this Option is designated as an Incentive Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws or of intestate succession, or, in the Administrator's discretion, such transfers as may otherwise be permitted in accordance with Treasury Regulation Treas. Reg. Section 1.421-1(b)(2) or Treasury Regulation Treas. Reg. Section 1.421-2(c) or any successor provisions thereto. To the extent that t...his Option is treated designated as a Nonqualified Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except for transfers if and to the extent permitted by the Administrator in a manner consistent with the Plan and the registration provisions of the Securities Act of 1933, as amended (the "Securities Act"). Act. Except as may be permitted by the preceding sentences, preceding, the Option shall be exercisable during the Participant's lifetime only by him the Participant or her or by his or her guardian or legal representative. The designation of a beneficiary in accordance with the Plan does not constitute a transfer. View More
Found in Qorvo contract
Nontransferability of Options. To the extent that this Option is designated as an Incentive Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws or intestate succession, or, in the Administrator's discretion, such transfers as may otherwise be permitted in accordance with Treasury Regulation Treas. Reg. Section 1.421-1(b)(2) or Treasury Regulation Section 1.421-2(c) or any successor provisions provision thereto. To the extent that this O...ption is treated designated as a Nonqualified Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except for transfers if and to the extent as may be permitted by the Administrator in a manner consistent with the registration provisions of the Securities Act of 1933, as amended (the "Securities Act"). Act. Except as may be permitted by the preceding sentences, the Option shall be exercisable during the Participant's lifetime only by him or her or by his or her the Participant's guardian or legal representative. The designation of a beneficiary in accordance with the Plan does not constitute a transfer. View More
Found in Atlantic Capital Bancshares, Inc. contract
Nontransferability of Options. To the extent that this Option is designated as an Incentive Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws or intestate succession, or, in the Administrator's discretion, such transfers as may otherwise be permitted in accordance with Treasury Regulation Treas. Reg. Section 1.421-1(b)(2) or Treasury Regulation Section 1.421-2(c) or any successor provisions provision thereto. To the extent that this O...ption is treated designated as a Nonqualified Option, the Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except for transfers if and to the extent as may be permitted by the Administrator in a manner consistent with the registration provisions of the Securities Act of 1933, as amended (the "Securities Act"). Act. Except as may be permitted by the preceding sentences, preceding, the Option shall be exercisable during the Participant's lifetime only by him or her or by his or her guardian or legal representative. The designation of a beneficiary in accordance with the Plan does not constitute a transfer. View More
Found in Chanticleer Holdings, Inc. contract