Common use of Option is Not Transferable Clause in Contracts

Option is Not Transferable. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant.

Appears in 2 contracts

Sources: Global Stock Option Agreement (Pacific Biosciences of California, Inc.), Global Stock Option Agreement (Pacific Biosciences of California, Inc.)