Nontransferability of Options Clause Example from Business Contracts

This example Nontransferability of Options clause appears in 2 contracts from 1 company

Nontransferability of Options. This 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, this 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 Akoustis Technologies, Inc. contract
Akoustis Technologies, Inc. Contracts

Form of Nonqualified Stock Option Agreement for Employees under the Akoustis Technologies, Inc. 2016 Stock Incentive Plan (Filed With SEC on November 14, 2017)

Form of Nonqualified Stock Option Agreement for Directors under the Akoustis Technologies, Inc. 2016 Stock Incentive Plan (Filed With SEC on November 14, 2017)