Transfer Restrictions Clause Example with Variations from Business Contracts

This page contains Transfer Restrictions 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.
Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.
Found in INVIVO THERAPEUTICS HOLDINGS CORP. contract

Variations of a "Transfer Restrictions" Clause from Business Contracts

Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, distribution or pursuant to a qualified domestic relations order, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. [Remainder of Page Intentionally Left Blank.]
Found in Verastem, Inc. contract
Transfer Restrictions. This option may not be sold, assigned, transferred, pledged transferred , pledged, hypothecated or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, distribution or pursuant to a qualified domestic relations order and, during the lifetime life of the Participant, this option shall be exercisable only by the Participant.
Found in 2 Contracts from Millendo Therapeutics, Inc.
Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant.
Found in Endurance International Group Holdings, Inc. contract
Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, distribution or pursuant to a qualified domestic relations order, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.
Found in 2 Contracts from Verastem, Inc.
Transfer Restrictions. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and 2 distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.
Found in Millendo Therapeutics, Inc. contract