Nontransferability of the Option Clause Example from Business Contracts

This example Nontransferability of the Option clause appears in 11 contracts from 9 companies

Nontransferability of the Option. During the lifetime of the Participant, the Option shall be exercisable only by the Participant or the Participant's guardian or legal representative. The Option shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant's beneficiary, except transfer by will or by the laws of descent and distribution. Following the death of the Participant, the Option, to the extent ...provided in Section 7, may be exercised by the Participant's legal representative or by any person empowered to do so under the deceased Participant's will or under the then applicable laws of descent and distribution. 5 6. Termination of the Option. The Option shall terminate and may no longer be exercised after the first to occur of (a) the close of business on the Option Expiration Date, (b) the close of business on the last date for exercising the Option following termination of the Participant's Service as described in Section 7, or (c) a Change in Control to the extent provided in Section 8. View More
Found in ASP Isotopes Inc. contract
Cure Pharmaceutical Holding Corp. Contracts

Form of Stock Option Agreement for the Amended and Restated 2017 Equity Incentive Plan (Filed With SEC on March 30, 2020)

Legacy Acquisition Corp. Contracts

Form of Option Agreement under the PARTS iD 2020 Equity Incentive Plan (Filed With SEC on November 27, 2020)

GigCapital3, Inc. Contracts

Form of Stock Option Agreement (Filed With SEC on May 12, 2021)

Fifth Wall Acquisition Corp. I Contracts

Stock Option Agreement under the SmartRent, Inc. 2021 Equity Incentive Plan (Filed With SEC on August 30, 2021)

Stock Option Agreement under the SmartRent, Inc. 2021 Equity Incentive Plan (Filed With SEC on August 31, 2021)

Live Oak Acquisition Corp II Contracts

Form of Stock Option Agreement (Filed With SEC on October 25, 2021)

ASP Isotopes Inc. Contracts

ASP Isotopes Inc. 2022 Equity Incentive Plan and form of award agreements thereunder (Filed With SEC on October 11, 2022)

Direct Communication Solutions, Inc. Contracts

Direct Communication Solutions, Inc. Amended and Restated 2017 Stock Plan, and form of stock option agreement thereunder (Filed With SEC on December 1, 2022)

GSI TECHNOLOGY INC Contracts

GSI TECHNOLOGY, INC. STOCK OPTION AGREEMENT (For U.S. Participants) (Filed With SEC on November 4, 2016)

pdvWireless, Inc. Contracts

PACIFIC DATAVISION, INC. NOTICE OF GRANT OF STOCK OPTION (Executive Form Initial Grant) (Filed With SEC on June 10, 2015)

PACIFIC DATAVISION, INC. NOTICE OF GRANT OF STOCK OPTION (NON-EMPLOYEE DIRECTOR FORM) (Filed With SEC on June 10, 2015)