Transfer of this Option Sample Clauses

The 'Transfer of this Option' clause defines the conditions under which the rights granted by an option agreement may be assigned or transferred to another party. Typically, this clause outlines whether the original holder of the option can sell, assign, or otherwise convey their rights to a third party, and may specify any required consents or restrictions, such as prohibiting transfers without the issuer's approval. Its core practical function is to control and clarify the circumstances under which option rights can change hands, thereby protecting the interests of the original parties and preventing unauthorized or undesirable transfers.
Transfer of this Option. During the Optionee's lifetime, this option shall be exercisable only by the Optionee. This option shall not be transferable by the Optionee other than by the laws of descent and distribution upon the Optionee's death. In the event of the Optionee's death during the term of this Agreement, the Optionee's personal representatives may exercise any portion of this option that remains vested and unexercised at the time of the Optionee's death, provided that any such exercise must be made, if at all, during the period within six (6) months after the Optionee's death, and subject to the option termination date specified in Paragraph 7(d) below.
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Transfer of this Option. During Employee's lifetime, this option shall be exercisable only by Employee. This option shall not be transferable by Employee other than by the laws of descent and distribution upon Employee's death. In the event of Employee's death during employment or during the applicable period after termination of employment specified in Paragraph 2 above, Employee's personal representatives may exercise any portion of this option that remains unexercised at the time of Employee's death, provided that any such exercise must be made, if at all, during the period within one year after Employee's death, and subject to the option termination date specified in Paragraph 7(c) below.
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Transfer of this Option. Notwithstanding any other provision of this Agreement, except with the prior written consent of the Company, this option shall be exercisable only by the Optionee and shall not be transferable by the Optionee other than by the laws of descent and distribution upon the Optionee’s death. In the vent of the Optionee’s death during the term of this Agreement, the Optionee’s personal representatives may exercise any portion of this option that remains vested and unexercised at the time of the Optionee’s death.
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Transfer of this Option. During Optionee's lifetime, this option shall be exer­cisable only by Optionee. This option shall not be transfer­able by Optionee other than by the laws of descent and dis­tribution upon Optionee's death. In the event of Optionee's death during employment or during the appli­cable period after termination of employment specified in Paragraph 2 above, Optionee's personal representatives may exercise any portion of this option that remains unexercised at the time of Optionee's death, provided that any such exercise must be made, if at all, during the period within one year after Optionee's death, and subject to the option ter­mination date specified in Paragraph 7(c) below.
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Related to Transfer of this Option

  • Transfer of the Warrant Shares issued upon the exercise of this Warrant shall be restricted in the same manner and to the same extent as the Warrant, and the certificates representing such Warrant Shares shall bear substantially the following legend, until such Warrant Shares have been registered under the Act or may be removed as otherwise permitted under the Act: "THE SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY APPLICABLE STATE SECURITIES LAW AND MAY NOT BE TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT UNDER THE ACT OR SUCH APPLICABLE STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR (ii) IN THE OPINION OF COUNSEL SATISFACTORY TO THE COMPANY, REGISTRATION UNDER THE ACT OR SUCH APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER."

  • Transfer of Option Other than as expressly permitted by the provisions of Section 7.1(f) of the Plan, the Option may not be transferred except by will or the laws of descent and distribution and, during the lifetime of the Optionee, may be exercised only by the Optionee.

  • Transfer of Stock Upon surrender to the Corporation or the transfer agent of the Corporation of a certificate for shares duly endorsed or accompanied by proper evidence of succession, assignation or authority to transfer, it shall be the duty of the Corporation to issue a new certificate to the person entitled thereto, cancel the old certificate and record the transaction upon its books.

  • Transfer of Award You may not transfer the Restricted Stock Units or any interest in such Units except by will or the laws of descent and distribution [or except as otherwise permitted by the Committee and as specified in the Plan]. Any other attempt to dispose of your interest will be null and void.

  • Transfer of the Shares Prior to the termination of this ---------------------- Agreement, except as otherwise provided herein, the Shareholder shall not: (i) transfer (which term shall include, without limitation, for the purposes of this Agreement, any sale, gift, pledge or other disposition), or consent to any transfer of, any or all of the Shares; (ii) enter into any contract, option or other agreement or understanding with respect to any transfer of any or all of the Shares or any interest therein; (iii) grant any proxy, power-of-attorney or other authorization or consent in or with respect to the Shares; (iv) deposit the Shares into a voting trust or enter into a voting agreement or arrangement with respect to the Shares, or (v) take any other action that would in any way restrict, limit or interfere with the performance of such Shareholder's obligations hereunder or the transactions contemplated hereby.