Assignment and Transferability. Notwithstanding anything to the contrary in this Agreement, neither the Option, this Agreement nor any rights granted herein shall be assignable or transferable by the Optionee, other than by will or the laws of descent or distribution, or as otherwise determined by the Administrator for estate planning purposes.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Enovation Controls, Inc.), Stock Option Agreement (JGWPT Holdings Inc.)
Assignment and Transferability. Notwithstanding anything to the contrary in this Agreement, neither the Option, this Agreement nor any rights granted herein shall be assignable or transferable by the Optionee, other than by will or the laws of descent or distribution, or as otherwise determined by the Administrator Committee for estate planning purposes.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Nuvectra Corp), Nonqualified Stock Option Agreement (Nuvectra Corp)