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What does nontransferable mean?

Looking for the meaning or definition of the word nontransferable? Here's what it means.

Adjective
  1. Not transferable; not able to be transferred.
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Said priority right shall be nontransferable but stockholders may, at the Board's discretion, be offered a secondary priority right to subscribe for any shares or share equivalents not taken up by other stockholders.
To encourage a more equal take-up of leave by both parents, at least one of the four months shall be provided on a nontransferable basis.
In all Member States, entitlement to parental leave is individual and in principle nontransferable in conformity with the Directive.
All benefits are based on mechanical breakdown and are as outlined or described in this Contract as vehicle based, and thus nontransferable.
The current system of allocation of nontransferable, variable duration licences to individual vessels is to be replaced by a system of long-term individual transferable rights owned by Falkland Islanders.
Some countries define parental leave as a nontransferable individual right.

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