Common use of Nontransferability Clause in Contracts

Nontransferability. This Option may not be transferred except by will or by the laws of descent and distribution. During Participant’s lifetime, this Option may be exercised only by Participant.

Appears in 14 contracts

Sources: Non Qualified Stock Option Inducement Award Agreement (Novus Therapeutics, Inc.), Non Qualified Stock Option Inducement Award Agreement (INSMED Inc), Non Qualified Stock Option Inducement Award Agreement (Insmed Inc)

Nontransferability. This Option may not be transferred sold, transferred, pledged, assigned, or otherwise alienated or hypothecated by Participant except by will or by the laws of descent and distribution. During Participant’s lifetime, this Option may be exercised only by Participant.

Appears in 8 contracts

Sources: Nonqualified Stock Option Inducement Award Agreement (INSMED Inc), Nonqualified Stock Option Inducement Award Agreement (INSMED Inc), Nonqualified Stock Option Inducement Award Agreement (INSMED Inc)

Nontransferability. This Option may not be transferred except by will or by the laws of descent and distribution. During Participant’s 's lifetime, this Option may be exercised only by Participant.

Appears in 7 contracts

Sources: Employment Agreement (Insmed Inc), Non Qualified Stock Option Agreement (Insmed Inc), Incentive Stock Option Agreement (Insmed Inc)

Nontransferability. This The Option may not be transferred is nontransferable except by will or by the laws of descent and distribution. During Participant’s lifetime, this the Option may be exercised only by Participant.

Appears in 4 contracts

Sources: Nonstatutory Stock Option Agreement (Community Bankers Trust Corp), Nonqualified Stock Option Agreement (Hampton Roads Bankshares Inc), Non Qualified Stock Option Agreement (Community Bankers Trust Corp)

Nontransferability. This Option may not be transferred is nontransferable except by will or by the laws of descent and distribution. During Participant’s 's lifetime, this Option may be exercised only by Participant.

Appears in 3 contracts

Sources: Incentive Stock Option Agreement (Shenandoah Telecommunications Co/Va/), Incentive Stock Option Agreement (Shenandoah Telecommunications Co/Va/), Incentive Stock Option Agreement (Shenandoah Telecommunications Co/Va/)

Nontransferability. This Option option may not be transferred except by ------------------- will or by the laws of descent and distribution. During the Participant’s 's lifetime, this Option may be exercised only by the Participant.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Cidera Inc), Non Qualified Stock Option Agreement (Cidera Inc)

Nontransferability. This The Option may shall not be transferred except transferable by the Participant otherwise than by will or by the laws of descent and distribution. During , and the Option shall be exercisable, during the Participant’s lifetime, this Option may be exercised only by the Participant.

Appears in 2 contracts

Sources: Nonqualified Stock Option Agreement (KAMAN Corp), Nonqualified Stock Option Agreement (KAMAN Corp)

Nontransferability. This The Option may shall not be transferred transferable except by will or by the laws of descent and distribution. During distribution and shall be exercisable during the Participant’s lifetime, this Option may be exercised 's lifetime only by the Participant.

Appears in 2 contracts

Sources: Non Qualified Stock Option Agreement (Ameritrade Holding Corp), Non Qualified Stock Option Agreement (Ameritrade Holding Corp)

Nontransferability. This Option may not be transferred option is nontransferable except by will or by the laws of descent and distribution. In the event of any such transfer, this option must be transferred to the same person or persons. During Participant’s 's lifetime, this Option option may be exercised only by Participant.

Appears in 1 contract

Sources: Employment and Severance Benefits Agreement (Ethyl Corp)

Nontransferability. This Option may not be transferred except by will or by the laws of descent and distribution. During Participant’s lifetime, lifetime this Option may be exercised only by Participant.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Massey Energy Co)

Nontransferability. This Option may not be transferred is nontransferable except by will or by the laws of descent and distribution. During Participant’s lifetime, this Option may be exercised only by Participant.

Appears in 1 contract

Sources: Stock Option Grant Agreement (Albemarle Corp)

Nontransferability. This The Option may shall not be transferred transferable except by will or by the laws of descent and distribution. During distribution and shall be exercisable during the Participant’s lifetime, this Option may be exercised lifetime only by the Participant.

Appears in 1 contract

Sources: Stock Option Agreement (Td Ameritrade Holding Corp)

Nontransferability. This Option may not be transferred sold, transferred, pledged, assigned, or otherwise alienated or hypothecated by Participant except by will or by the laws of descent and distribution. During Participant’s 's lifetime, this Option may be exercised only by Participant.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (INSMED Inc)

Nontransferability. This Option may not be transferred is nontransferable except by will or by the laws of descent and distribution. During Participant’s lifetime, this Option may be exercised only by Participant.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Shenandoah Telecommunications Co/Va/)

Nontransferability. This Option may not be transferred option is nontransferable except by will or by the laws of descent and distribution. During Participant’s 's lifetime, this Option option may be exercised only by Participant.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Ntelos Inc)