Common use of Option Not Transferable Clause in Contracts

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's lifetime only the Employee can exercise this option.

Appears in 41 contracts

Sources: Incentive Stock Option Agreement (Insulet Corp), Incentive Stock Option Agreement (Equallogic Inc), Incentive Stock Option Agreement (Smarterkids Com Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's ’s lifetime only the Employee can exercise this option.

Appears in 37 contracts

Sources: Restricted Stock Award Agreement (Acell Inc), Incentive Stock Option Agreement, Employee Non Qualified Stock Option Agreement

Option Not Transferable. This option is not transferable or ----------------------- assignable except by will or by the laws of descent and distribution. During the Employee's lifetime only the Employee can exercise this option.

Appears in 4 contracts

Sources: Incentive Stock Option Agreement (Transwitch Corp /De), Non Qualified Incentive Stock Option Agreement (Davox Corp), Incentive Stock Option Agreement (Davox Corp)

Option Not Transferable. This option Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's lifetime lifetime, only the Employee can exercise this optionOption.

Appears in 2 contracts

Sources: Stock Option Agreement (Concord Communications Inc), Stock Option Agreement (Concord Communications Inc)

Option Not Transferable. This option The Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's lifetime ’s lifetime, only the Employee can exercise this optionthe Option.

Appears in 2 contracts

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

Option Not Transferable. This option is not transferable or ------------------------- assignable except by will or by the laws of descent and distribution. During the Employee's lifetime only the Employee can exercise this option.

Appears in 2 contracts

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

Option Not Transferable. This option The Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's lifetime lifetime, only the Employee can exercise this optionthe Option.

Appears in 2 contracts

Sources: Executive Incentive Stock Option Agreement (Concord Communications Inc), Non Qualified Option Agreement (Concord Communications Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's lifetime only the Employee can may exercise this option.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Iona Technologies PLC), Incentive Stock Option Agreement (Iona Technologies PLC)

Option Not Transferable. This option Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's lifetime only the Employee can exercise this optionOption.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Software Developers Co Inc/De/)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's lifetime ’s lifetime, only the Employee can exercise this option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Lionbridge Technologies Inc /De/)

Option Not Transferable. This option Each Option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's ’s lifetime only the Employee can exercise this optionsuch Option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Citrix Systems Inc)

Option Not Transferable. This option is not transferable or assignable ----------------------- except by will or by the laws of descent and distribution. During the Employee's lifetime only the Employee can exercise this option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Cabletron Systems Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's lifetime ’s lifetime, only the Employee can may exercise this option.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Meta Group Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution. During the Employee's lifetime only the Employee can exercise this optionOption.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Molecular Simulations Inc)

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of the descent and distribution. During the Employee's lifetime only the Employee can exercise this option.

Appears in 1 contract

Sources: Incentive and Non Qualified Stock Option Agreement (Shiva Corp)