Nontransferability of Options Clause Example with 4 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. This Option may not be transferred in any manner other than by will or by the law of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.
Found in NortonLifeLock contract

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

Nontransferability of Options. This Option may not be transferred in any manner other otherwise than by will or by the law laws of descent and or distribution or a qualified domestic relations order and may be exercised during the lifetime of Optionee only by the Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
Found in CYBERONICS INC contract
Nontransferability of Options. This Option may not be transferred in any manner other than by will or by the law of descent and distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.
Found in IMPAX LABORATORIES INC contract
Nontransferability of Options. This Option may not be transferred in any manner other than by will or by the law of descent and distribution whatsoever and may be exercised during the lifetime of Optionee only by Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
Found in FENNEC PHARMACEUTICALS INC. contract
Nontransferability of Options. This Option may not be transferred in any manner other than by will or by the law laws of descent and distribution distribution, and may be exercised during the lifetime of Optionee only by Optionee. Optionee or in the event of Optionee's incapacity, by Optionee's legal representative. The terms of this Option shall be binding upon the executors, administrators, successors and assigns of Optionee.
Found in GoodRx Holdings, Inc. contract