Transferability Clause Example from Business Contracts

This example Transferability clause appears in 3 contracts from 1 company

Transferability. Unless otherwise approved by the Committee, this Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. Except as provided in Section 3(b) of this Agreement, the Stock Option is exercisable, during the Optionee's lifetime, only by the Optionee, and thereafter, only by the Optionee's legal representative or legatee.
Found in CITIZENS HOLDING CO contract
CITIZENS HOLDING CO Contracts

INCENTIVE STOCK OPTION AGREEMENT UNDER THE CITIZENS HOLDING COMPANY 2013 INCENTIVE COMPENSATION PLAN (Filed With SEC on April 25, 2013)

NON-QUALIFIED STOCK OPTION AGREEMENT UNDER THE CITIZENS HOLDING COMPANY 2013 INCENTIVE COMPENSATION PLAN (Filed With SEC on April 25, 2013)

NON-QUALIFIED STOCK OPTION AGREEMENT FOR NON-EMPLOYEE DIRECTORS UNDER THE CITIZENS HOLDING COMPANY 2013 INCENTIVE COMPENSATION PLAN (Filed With SEC on April 25, 2013)