Common use of Nontransferability Clause in Contracts

Nontransferability. Neither the Option nor any interest therein may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distribution.

Appears in 49 contracts

Sources: Stock Option Award Agreement, Stock Option Award Agreement (Perspecta Inc.), Stock Option Award Agreement (DXC Technology Co)

Nontransferability. Neither the Option nor any interest therein ------------------ may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distribution.

Appears in 11 contracts

Sources: Incentive Stock Option Agreement (United Panam Financial Corp), Employment Agreement (East West Bancorp Inc), Employment Agreement (East West Bancorp Inc)

Nontransferability. Neither the Option nor any interest therein may ------------------ be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distribution.

Appears in 6 contracts

Sources: Non Qualified Stock Option Agreement (Gottlieb Daniel M), Non Qualified Stock Option Agreement (Lebowitz Steven D), Stock Option Agreement (Thousand Trails Inc /De/)

Nontransferability. Neither the Option Options nor any interest therein may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distribution.

Appears in 3 contracts

Sources: Incentive Stock Option Agreement (Liberte Investors/), Incentive Stock Option Agreement (Liberte Investors/), Stock Option Agreement (Hawaiian Airlines Inc/Hi)

Nontransferability. Neither the Option nor any interest therein ------------------ may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distribution.

Appears in 2 contracts

Sources: Employee Nonqualified Stock Option Agreement (Cocozza Mark J), Employee Nonqualified Stock Option Agreement (Cocozza Mark J)

Nontransferability. Neither the Option nor any interest therein may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distribution.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Altris Software Inc), Incentive Stock Option Agreement (Data Documents Inc)

Nontransferability. Neither the Option nor any interest therein may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner by Participant other than by will or the laws of descent and distribution.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Earthshell Corp)

Nontransferability. Neither the Option nor any interest therein may ------------------- be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distribution.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Hawaiian Airlines Inc/Hi)

Nontransferability. Neither the Option nor any interest therein may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distributiontransferred.

Appears in 1 contract

Sources: Employee Non Qualified Stock Option Agreement (Voice Mobility International Inc)

Nontransferability. Neither the Option nor any interest therein may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or by the laws of descent and distribution. The designation of a beneficiary shall not constitute a transfer.

Appears in 1 contract

Sources: Stock Option Agreement (Mac Frugals Bargains Close Outs Inc)

Nontransferability. Neither the Option Option, nor any interest therein may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner other than by will or the laws of descent and distribution.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (It Group Inc)