Option is Not Transferable. Except to the extent provided in the Plan, the unvested Shares subject to this grant and the rights and privileges conferred hereby shall not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated in any way (whether by operation of law or otherwise except pursuant to a qualified domestic relations order, as determined by the Company) other than by will or by the laws of descent and distribution.
Appears in 3 contracts
Sources: Nonqualified Stock Option Grant Agreement (Genentech Inc), Nonqualified Stock Option Grant Agreement (Genentech Inc), Nonqualified Stock Option Grant Agreement (Genentech Inc)