Grouped Into 44 Collections of Similar Clauses From Business Contracts
This page contains Nontransferability clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Nontransferability. (a) Subject to Section 10(b), Options granted under the Plan shall not be assignable or transferable other than by will or the laws of descent and distribution and Options may be exercised during the lifetime of the Grantee only by the Grantee or by the Grantee's guardian or legal representative. In the event of any attempt by an Grantee to transfer, assign, pledge, hypothecate or otherwise dispose of an Option or any right thereunder, except as provided for herein, or in the event of the levy o...f any attachment, execution or similar process upon the rights or interest hereby conferred, Intellicheck may terminate the Option by notice to the Grantee and it shall thereupon become null and void. (b) Notwithstanding Section 10(a), if and only if (and on the terms) so provided in the applicable Award Agreement, an Grantee may transfer a NSO, by gift or a domestic relations order, to a Family Member of the Grantee (as defined in Section 19(d)). If a NSO is transferred in accordance with this subparagraph, the Option shall be exercisable solely by the transferee, but the determination of the exercisability of the Option shall be based solely on the activities and state of affairs of the Grantee. Thus, for example, if after a transfer the Grantee ceases to be a director or an employee of the Company, such termination shall trigger the provisions of Section 7(d) hereof. Conversely, if after a transfer the transferee ceases to be a director or an employee of the Company, such termination shall not trigger the provisions of Section 7(d) hereof. (c) Restricted Stock and Restricted Stock Units shall not be assignable or transferable except under the terms and conditions specified in the applicable Award Agreement.View More
Nontransferability. (a) Subject to Except as provided in Section 10(b), Options 11 (b), Awards granted under the Plan shall not be assignable or transferable other than by will or the laws of descent and distribution and Options and Stock Appreciation Rights may be exercised during the lifetime of the Grantee only by the Grantee or by the Grantee's guardian or legal representative. In the event of any attempt by an a Grantee to transfer, assign, pledge, hypothecate or otherwise dispose of an Option Award or any rig...ht thereunder, except as provided for herein, or in the event of the levy of any attachment, execution or similar process upon the rights or interest hereby conferred, Intellicheck KapStone may terminate the Option Award (making such Award null and void) or repurchase the RS Shares as provided in Section 8(e) by notice to the Grantee and it shall thereupon become null and void. Grantee. (b) Notwithstanding Section 10(a), if and only paragraph (a), if (and on the terms) so provided in the applicable Award Option Agreement, an a Grantee may transfer a NSO, by gift or a domestic relations order, to a Family Member of the Grantee (as defined in Section 19(d)). 20) of the Grantee. If a NSO is transferred in accordance with this subparagraph, the Option shall be exercisable solely by the transferee, but the determination of the exercisability of the Option shall be based solely on the activities and state of affairs of the Grantee. Thus, for example, if if, after a transfer with respect to an Option, the Grantee ceases to be a director or an employee of the Company, such termination shall trigger the provisions of Section 7(d) hereof. Conversely, if after a 8 transfer the transferee ceases to be a director or an employee of the Company, such termination shall not trigger the provisions of Section 7(d) hereof. (c) Restricted Stock and Restricted Stock Units shall not be assignable or transferable except under the terms and conditions specified in the applicable Award Agreement.View More
Nontransferability. This Option may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution, except as provided in the Plan. No assignment or transfer of the Option, whether voluntary or involuntary, by operation of law or otherwise, except by will or the laws of descent and distribution or as otherwise required by applicable law, shall vest in the assignee or transferee any interest whatsoever.
Nontransferability. This Option may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution, except as provided in and may be exercised during Participant's lifetime only by the Plan. Participant or his or her guardian or legal representative. No assignment or transfer of the Option, this Option in violation of this Section 8, whether voluntary or involuntary, by operation of law or otherwise, except by will or the laws of de...scent and distribution or as otherwise required by applicable law, shall vest in the assignee or transferee any interest whatsoever. View More
Nontransferability. The Incentive Stock Options granted by this Agreement shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distribution or as otherwise provided by the Committee (See Article 7 of the Plan).
Nontransferability. The Incentive Stock Options granted by this Agreement shall not be transferable by the Optionee or any other person claiming through the Optionee, either voluntarily or involuntarily, except by will or the laws of descent and distribution or as otherwise provided by the Plan's Committee (See Article 7 of the Plan).
Nontransferability. Except as set forth in Section 12 of the Plan, neither the Award nor any of the RSUs subject to the Award may be sold, assigned, pledged, encumbered or otherwise transferred, voluntarily or involuntarily. Any attempted sale, assignment, pledge, encumbrance or transfer of the Award, other than in accordance with its terms, shall be void and of no effect.
Nontransferability. Except as set forth in Section 12 11 of the Plan, neither the Award nor any of the RSUs PSUs subject to the Award may be sold, assigned, pledged, encumbered or otherwise transferred, voluntarily or involuntarily. Any attempted sale, assignment, pledge, encumbrance or transfer of the Award, other than in accordance with its terms, shall be void and of no effect.
Nontransferability. During the Grantee's lifetime, the Option is not transferable (voluntarily or involuntarily) other than pursuant to a Domestic Relations Order and, except as otherwise required pursuant to a Domestic Relations Order, is exercisable only by the Grantee or the Grantee's court appointed legal representative. The Grantee may designate a beneficiary or beneficiaries to whom the Option will pass upon the Grantee's death and may change such designation from time to time by filing a written designation ...of beneficiary or beneficiaries with the Company on such form as may be prescribed by the Board, provided that no such designation will be effective unless so filed prior to the death of the Grantee. If no such designation is made or if the designated beneficiary does not survive the Grantee's death, the Option will pass by will 5or the laws of descent and distribution. Following the Grantee's death, the Option, if otherwise exercisable, may be exercised by the person to whom such right passes according to the foregoing and such person will be deemed the Grantee for purposes of any applicable provisions of this Agreement.View More
Nontransferability. During the Grantee's lifetime, the Option is Performance SARs are not transferable (voluntarily or involuntarily) other than pursuant to a Domestic Relations Order and, except as otherwise required pursuant to a Domestic Relations Order, is are exercisable only by the Grantee or the Grantee's court appointed legal representative. The Grantee may designate a beneficiary or beneficiaries to whom the Option Performance SARs will pass upon the Grantee's death and may change such designation from tim...e to time by filing a written designation of beneficiary or beneficiaries with the legal department of the Company on such form as may be prescribed by the Board, Company, provided that no such designation will be effective unless so filed prior to the death of the Grantee. If no such designation is made or if the designated beneficiary does not survive the Grantee's death, the Option Performance SARs will pass by will 5or or the laws of descent and distribution. Following the Grantee's death, the Option, Performance SARs, if otherwise exercisable, may be exercised by the person to whom such right passes according to the foregoing this Section 9 and such person will be deemed the Grantee for purposes of any applicable provisions of this Agreement. [CLICK HERE TO ACCESS THE DESIGNATION OF BENEFICIARY FORM.] View More
Nontransferability. During the Grantee's lifetime, the Option is ASCMA Options are not transferable (voluntarily or involuntarily) other than pursuant to a Domestic Relations Order and, except as otherwise required pursuant to a Domestic Relations Order, is are exercisable only by the Grantee or the Grantee's court appointed legal representative. The Grantee may designate a beneficiary or beneficiaries to whom the Option ASCMA Options will pass upon the Grantee's death and may change such designation from time to t...ime by filing a written designation of beneficiary or beneficiaries with the Company Committee on the form annexed hereto as Exhibit B or such other form as may be prescribed by the Board, Committee, provided that no such designation will be effective unless so filed prior to the death of the Grantee. If no such designation is made or if the designated beneficiary does not survive the Grantee's death, the Option ASCMA Options will pass by will 5or or the laws of descent and distribution. Following the Grantee's death, the Option, ASCMA Options, if otherwise exercisable, may be exercised by the person to whom such right ASCMA Option passes according to the foregoing and such person will be deemed the Grantee for purposes of any applicable provisions of this Agreement. View More
Nontransferability. You may not transfer, sell, pledge, encumber or otherwise dispose of the Option, except that you may, with the prior written approval of the Committee, transfer the Option to the following persons or entities: (i) immediate family members, (ii) custodianships under the Uniform Transfers to Minors Act or any similar statute, (iii) trusts for the benefit of any immediate family member, (iv) trusts created by you for your primary benefit, and (v) upon termination of a custodianship under the Unifor...m Transfers to Minors Act or similar statute or the termination of a trust by the custodian or trustee thereof, or the partial or complete liquidation of an entity, to the person or persons who, in accordance with the terms of such custodianship, trust or entity, are entitled to receive Options held in custody, trust or by the entity.View More
Nontransferability. You may not transfer, sell, pledge, encumber or otherwise dispose of the Option, except that you may, with the prior written approval of the Committee, transfer the Option to the following persons or entities: (i) immediate family members, (ii) custodianships under the Uniform Transfers to Minors Act or any similar statute, (iii) trusts for the benefit of any immediate family member, (iv) trusts created by you for your primary benefit, and (v) upon termination of a custodianship under the Unifor...m Transfers to Minors Act or similar statute or the termination of a trust by the custodian or trustee thereof, or the partial or complete liquidation of an entity, to the person or persons who, in accordance with the terms of such custodianship, trust or entity, are entitled to receive Options held in custody, trust or by the entity. -2- 8. Plan Governs. The terms of this Stock Option Agreement shall be subject to the terms of the Plan. If there is any inconsistency between the terms of this Stock Option Agreement and the terms of the Plan, the Plan's terms shall govern. All capitalized terms shall have the meanings ascribed to them in the Plan, unless otherwise set forth herein. A copy of the Plan is attached hereto and the terms of the Plan are hereby incorporated by reference. View More
Nontransferability. The Participant's interest in the Performance Units or any distribution with respect to such units may not be (i) sold, transferred, assigned, margined, encumbered, bequeathed, gifted, alienated, hypothecated, pledged, or otherwise disposed of, whether by operation of law, whether voluntarily or involuntarily or otherwise, other than by will or by the laws of descent and distribution, or (ii) subject to execution, attachment, or similar process. Any attempted or purported transfer in contraventi...on of this Section shall be null and void ab initio and of no force or effect whatsoever.View More
Nontransferability. The Participant's interest in the Performance Units or any distribution with respect to such units may not Shares cannot be (i) (a) sold, transferred, assigned, margined, encumbered, bequeathed, gifted, alienated, hypothecated, pledged, pledged or otherwise disposed of, whether by operation of law, whether voluntarily or involuntarily or otherwise, other than by will or by the laws of descent and distribution, or (ii) (b) subject to execution, attachment, attachment or similar process. Any attem...pted or purported transfer of Performance Shares in contravention of this Section or the Plan shall be null and void ab initio and of no force or effect whatsoever. View More
Nontransferability. Unless the Committee specifically determines otherwise: (a) the PSUs and LTC Award are personal to the Participant and (b) neither the PSUs nor the LTC Award shall be transferable or assignable, other than in the case of the Participant's death by will or the laws of descent and distribution, and any such purported transfer or assignment shall be null and void.
Nontransferability. Unless the Committee specifically determines otherwise: (a) the PSUs PEPunits and LTC Award are personal to the Participant and (b) neither the PSUs PEPunits nor the LTC Award shall be transferable or assignable, other than in the case of the Participant's death by will or the laws of descent and distribution, and any such purported transfer or assignment shall be null and void.
