Transferability Clause Example from Business Contracts

This example Transferability clause appears in 8 contracts from 1 company

Transferability. Unless (i) transfers are expressly permitted in the language appearing beside the caption "Expanded Rights to Transfer Option" on Schedule I hereof or (ii) otherwise determined by the Company or Committee, the Option granted hereby is not transferable otherwise than by will or under the applicable laws of descent and distribution, and during the lifetime of the Optionee the Option shall be exercisable only by the Optionee, or the Optionee' s guardian or legal representative. In addition, the... Option shall not be assigned, negotiated, pledged or hypothecated in any way (whether by operation of law or otherwise), and the Option shall not be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, negotiate, pledge or hypothecate the Option, or in the event of any levy upon the Option by reason of any execution, attachment or similar process contrary to the provisions hereof, the Option shall immediately become null and void. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. View More Arrow
Found in SPARTA COMMERCIAL SERVICES, INC. contract
SPARTA COMMERCIAL SERVICES, INC. Contracts

Sparta Commercial Services, Inc. Stock Option Agreement with Jeffrey Bean (Filed With SEC on July 9, 2020)

Sparta Commercial Services, Inc. Stock Option Agreement with Kristian Srb (Filed With SEC on July 9, 2020)

Sparta Commercial Services, Inc. Stock Option Agreement with Anthony L. Havens (Filed With SEC on July 9, 2020)

Sparta Commercial Services, Inc. Stock Option Agreement for Sandra L. Ahman (Filed With SEC on July 9, 2020)

Sparta Commercial Services, Inc. Stock Option Agreement with Jeffrey Bean (Filed With SEC on January 7, 2022)

Sparta Commercial Services, Inc. Stock Option Agreement with Kristian Srb (Filed With SEC on January 7, 2022)

Sparta Commercial Services, Inc. Stock Option Agreement with Sandra L. Ahman (Filed With SEC on January 7, 2022)

Sparta Commercial Services, Inc. Stock Option Agreement with Anthony L. Havens (Filed With SEC on January 7, 2022)