Common use of Option Nontransferable Clause in Contracts

Option Nontransferable. This Option is not transferable by the Optionee otherwise than by will or the laws of descent and distribution.

Appears in 6 contracts

Sources: Nonqualified Stock Option Agreement (Usg Corp), Nonqualified Stock Option Agreement (Dana Holding Corp), Nonqualified Stock Option Agreement (Dana Holding Corp)

Option Nontransferable. This Option option is not transferable by the Optionee otherwise than by will or the laws of descent and or distribution.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Arrow International Inc)