Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 24 contracts
Sources: Employment Agreement (Open Solutions Inc), Incentive Stock Option Agreement (Cisco Systems Inc), Incentive Stock Option Agreement (Enterworks Inc)
Nontransferability of Option. Except as provided in paragraph Paragraph (e) of Section 33 hereof, this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 7 contracts
Sources: Incentive Stock Option Agreement (BETA Technologies, Inc.), Notice of Assumption of Options (Webhire Inc), Notice of Assumption of Options (Webhire Inc)
Nontransferability of Option. Except as provided in paragraph (ec) of Section 3, this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 6 contracts
Sources: Non Qualified Stock Option Agreement (Astropower Inc), Non Qualified Stock Option Agreement (Astropower Inc), Non Qualified Stock Option Agreement (Astropower Inc)
Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this This option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar processprocess except that this option may be transferred as provided in paragraph (e) of Section 3 above. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 5 contracts
Sources: Incentive Stock Option Agreement (Avalon Pharmaceuticals Inc), Incentive Stock Option Agreement (Avalon Pharmaceuticals Inc), Incentive Stock Option Agreement (Verenium Corp)
Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this This option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) ), nor shall any such rights be subject to execution, attachment or similar process, except that this option may be transferred by will or the laws of descent and distribution. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 4 contracts
Sources: Non Qualified Stock Option Agreement (Capricor Therapeutics, Inc.), Incentive Stock Option Agreement (Capricor Therapeutics, Inc.), Employment Agreement (MetaMorphix Inc.)
Nontransferability of Option. Except as provided in paragraph (ed) of Section 3, this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Novavax Inc), Non Statutory Stock Option Agreement (Novavax Inc)
Nontransferability of Option. Except as provided in paragraph Subsection (e) of Section 33 hereof, this option Option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option Option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option Option or such rights, this option Option and such rights shall, at the election of the Company, become null and void.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Winston Pharmaceuticals, Inc.), Non Qualified Stock Option Agreement (Winston Pharmaceuticals, Inc.)
Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this option Option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Epresence Inc), Incentive Stock Option Agreement (Epresence Inc)
Nontransferability of Option. Except as provided in paragraph (e) of ---------------------------- Section 3, this option Option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 2 contracts
Sources: Incentive Stock Option Agreement (Banyan Systems Inc), Incentive Stock Option Agreement (Epresence Inc)
Nontransferability of Option. Except as provided in paragraph (e) of Section 33 hereof, this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 2 contracts
Sources: Non Qualified Stock Option Agreement (Quicksilver Resources Inc), Incentive Stock Option Agreement (Quicksilver Resources Inc)
Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this This option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process, other than in accordance with the terms of the Plan. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereofof the Plan, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 2 contracts
Sources: Non Statutory Stock Option Agreement (United Natural Foods Inc), Incentive Stock Option Agreement (United Natural Foods Inc)
Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this option This Option is personal to Optionee, and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) ), nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option Option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option Option or such rights, this option Option and such rights shall, at the election of the Company, become null and void.
Appears in 2 contracts
Sources: Stock Option Agreement (Chesapeake Biological Laboratories Inc), Stock Option Agreement (Chesapeake Biological Laboratories Inc)
Nontransferability of Option. Except as provided in paragraph (e) of Section 33(d), this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 1 contract
Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this This option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process, except that this option may be transferred by will or the laws of descent and distribution. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void. 6.
Appears in 1 contract
Sources: Non Statutory Stock Option Agreement (Mapinfo Corp)
Nontransferability of Option. Except as provided in paragraph (e) of ---------------------------- Section 32, this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 1 contract
Nontransferability of Option. Except as provided in paragraph (ec) of Section 32, this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 1 contract
Sources: Non Statutory Stock Option Agreement (Global E Tutor Inc)
Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assignassign , pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void. 7.
Appears in 1 contract
Sources: Non Statutory Stock Option Agreement (Mapinfo Corp)
Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this This option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process, except that this option may be transferred by will or the laws of descent. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 1 contract
Sources: Option Offering Agreement (iKang Healthcare Group, Inc.)
Nontransferability of Option. Except as provided in paragraph (e) of Section 3, this option Option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option Option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option Option or such rights, this option Option and such rights shall, at the election of the Company, become null and void.
Appears in 1 contract
Nontransferability of Option. Except as provided in paragraph (ed) of Section 32, this option is personal and no rights granted hereunder may be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) nor shall any such rights be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this option or of such rights contrary to the provisions hereof, or upon the levy of any attachment or similar process upon this option or such rights, this option and such rights shall, at the election of the Company, become null and void.
Appears in 1 contract