Nontransferability of Options Clause Example from Business Contracts

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

Nontransferability of Options. The Option shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except as may be permitted by the Committee in a manner consistent with the registration provisions of the Securities Act. The Option shall be exercisable during the Participant's lifetime only by Participant or by Participant's guardian or legal representative or a permitted transferee as provided in this Section 7. The designation of a beneficiar...y in accordance with the Plan does not constitute a transfer. View More
Found in CHARLES & COLVARD LTD contract
CHARLES & COLVARD LTD Contracts

Form of Employee Nonqualified Stock Option Agreement under the Charles & Colvard, Ltd. 2018 Equity Incentive Plan (Filed With SEC on November 9, 2018)

Form of Non-Employee Director Nonqualified Stock Option Agreement under the Charles & Colvard, Ltd. 2018 Equity Incentive Plan (Filed With SEC on November 9, 2018)