Common use of Transfer of Option Clause in Contracts

Transfer of Option. The option is not transferable except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 11 contracts

Sources: Nonqualified Stock Option Agreement (U S Wireless Data Inc), Nonqualified Stock Option Agreement (U S Wireless Data Inc), Nonqualified Stock Option Agreement (U S Wireless Data Inc)

Transfer of Option. The option is not transferable except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations orderdistribution.

Appears in 5 contracts

Sources: Non Qualified Stock Option Agreement (Microsemi Corp), Incentive Stock Option Agreement (Microsemi Corp), Non Qualified Stock Option Agreement (Microsemi Corp)

Transfer of Option. The option Option is not transferable except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 3 contracts

Sources: Nonstatutory Stock Option Agreement (NMT Medical Inc), Incentive Stock Option Agreement (NMT Medical Inc), Settlement Agreement (NMT Medical Inc)

Transfer of Option. The Subject to the Plan, the option is not transferable transferable, except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Elite Pharmaceuticals Inc /De/), Incentive Stock Option Agreement (Elite Pharmaceuticals Inc /De/)

Transfer of Option. The option Option is not transferable transferable, except by will or by the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (NMT Medical Inc)

Transfer of Option. The option is not transferable except by will or by ------------------ the applicable laws of descent and distribution or pursuant to a qualified domestic relations order.

Appears in 1 contract

Sources: Stock Option Agreement (Nitinol Medical Technologies Inc)