Nontransferability of Options. The Option may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution.
Appears in 9 contracts
Sources: Incentive Stock Option Agreement (Moleculin Biotech, Inc.), Non Qualified Stock Option Agreement (Franklin Electric Co Inc), Non Qualified Stock Option Agreement (Franklin Electric Co Inc)
Nontransferability of Options. The An Option may not be sold, pledged, ----------------------------- assigned, hypothecated, transferred, pledged, assigned, or otherwise alienated or hypothecateddisposed of in any manner, other than by will Will or by the laws of descent or distribution, and distributionmay be exercised, during the lifetime of the Optionee, only by the Optionee.
Appears in 3 contracts
Sources: Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc)