Option Not Transferable Contract Clauses (123)

Grouped Into 4 Collections of Similar Clauses From Business Contracts

This page contains Option Not Transferable clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Option Not Transferable. The Options may not be transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise) other than by will, by applicable laws of descent and distribution or, in the case of a Non-Qualified Stock Option, pursuant to a qualified domestic relations order, and shall not be subject to execution, attachment or similar process; provided, however, that if the Options represent a Non-Qualified Stock Option, such Option is transferable without payment of considerati...on to immediate family members of the Optionee or to trusts or partnerships established exclusively for the benefit of the Optionee and Optionee's immediate family members. Upon any attempt to transfer, pledge, hypothecate or otherwise dispose of any Option or of any right or privilege conferred by the Plan contrary to the provisions thereof, or upon the sale, levy or attachment or similar process upon the rights and privileges conferred by the Plan, such Option shall thereupon terminate and become null and void. View More
Found in Trident Brands Inc contract
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Option Not Transferable. The Options may not be sold, pledged, assigned, hypothecated, transferred, assigned, pledged or hypothecated disposed of in any manner (whether by operation of law or otherwise) other than by will, will or by applicable the laws of descent and or distribution or, in the case of a Non-Qualified Stock Option, pursuant to a qualified domestic relations order, and shall not be subject to execution, attachment or similar process; provided, however, that if the such Options represent a Non-Qualified S...tock Option, such Option is are transferable without payment of consideration to immediate family members of the Optionee or to trusts or partnerships established exclusively for the benefit of the Optionee and Optionee's immediate family members. Upon any attempt to transfer, pledge, hypothecate or otherwise dispose of any Option or of any right or privilege conferred by the Plan contrary to the provisions thereof, Options, or upon the sale, levy or attachment or similar process upon the rights and privileges conferred by the Plan, Options, such Option Options shall thereupon terminate and become null and void. View More
Found in PureBase Corp contract
Option Not Transferable. The Subject to Section 13 of the 2022 Plan, the Options may not be sold, pledged, assigned, hypothecated, transferred, assigned, pledged or hypothecated disposed of in any manner (whether by operation of law or otherwise) other than by will, will or by applicable the laws of descent and or distribution or, in the case of a Non-Qualified Nonstatutory Stock Option, pursuant to a qualified domestic relations order, and shall not be subject to execution, attachment or similar process; provided, howe...ver, however , that if the Options represent a Non-Qualified Nonstatutory Stock Option, such Option is transferable without payment of consideration to immediate family members of the Optionee or to trusts or partnerships established exclusively for the benefit of the Optionee and Optionee's immediate family members. Upon any attempt to transfer, pledge, hypothecate or otherwise dispose of any Option or of any right or privilege conferred by the 2022 Plan contrary to the provisions thereof, or upon the sale, levy or attachment or similar process upon the rights and privileges conferred by the 2022 Plan, such Option shall thereupon terminate and become null and void. View More
Found in Courtside Group, Inc. contract
Option Not Transferable. The Subject to Section 13 of the 2016 Plan, the Options may not be sold, pledged, assigned, hypothecated, transferred, assigned, pledged or hypothecated disposed of in any manner (whether by operation of law or otherwise) other than by will, will or by applicable the laws of descent and or distribution or, in the case of a Non-Qualified Nonstatutory Stock Option, pursuant to a qualified domestic relations order, and shall not be subject to execution, attachment or similar process; provided, howe...ver, however , that if the Options represent a Non-Qualified Nonstatutory Stock Option, such Option is transferable without payment of consideration to immediate family members of the Optionee or to trusts or partnerships established exclusively for the benefit of the Optionee and Optionee's immediate family members. Upon any attempt to transfer, pledge, hypothecate or otherwise dispose of any Option or of any right or privilege conferred by the 2016 Plan contrary to the provisions thereof, or upon the sale, levy or attachment or similar process upon the rights and privileges conferred by the 2016 Plan, such Option shall thereupon terminate and become null and void. View More
Found in LiveXLive Media, Inc. contract
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Option Not Transferable. Options under this Plan are not transferable by a participating employee other than by will or the laws of descent and distribution, and are exercisable during the employee's lifetime only by the employee.
Found in Kala Pharmaceuticals, Inc. contract
Option Not Transferable. Options under this Plan Incentive ESPP are not transferable by a participating employee other than by will or the laws of descent and distribution, and are exercisable during the employee's lifetime only by the employee.
Found in Eaton Vance Corp contract
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Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee's lifetime only the Optionee can exercise this option.
Found in Cyteir Therapeutics, Inc. contract
Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee's Employee's lifetime only the Optionee Employee can exercise this option.
Found in ACELL INC contract
Option Not Transferable. This option Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee's lifetime only assignable. Only the Optionee can exercise this option. Option.
Found in Artemis Therapeutics, Inc. contract
Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Optionee's Employee's lifetime only the Optionee Employee can exercise this option.
Found in SEACHANGE INTERNATIONAL INC contract
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Option Not Transferable. This Option is not transferable by the Optionholder otherwise than by will or the laws of descent and distribution, and is exercisable, during the Optionholder's lifetime, only by the Optionholder. The naming of a Designated Beneficiary does not constitute a transfer.
Found in Enanta Pharmaceuticals, Inc. contract
Option Not Transferable. This Option is not transferable by the Optionholder otherwise than by will or the laws of descent and distribution, and is exercisable, during the Optionholder's lifetime, only by the Optionholder. The naming of a Designated Beneficiary does not constitute a transfer.
Found in DYAX CORP contract
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