Common use of Transfer of Option Clause in Contracts

Transfer of Option. Prior to your death, only you may exercise this Option. You cannot transfer, assign, alienate, pledge, attach, sell, or encumber this Option. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, dispose of this Option in your will or it may be transferred by the laws of descent and distribution. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse, nor is the Company obligated to recognize your spouse’s interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may exercise this Optionyour option. You cannot transfertransfer or assign your option. For instance, assign, alienate, pledge, attach, sell, you may not sell your option or encumber this Optionuse it as security for a loan. If you attempt to do any of these things, this Option your option will immediately become invalid. You may, however, dispose of this Option your option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse or former spouse, nor is the Company obligated to recognize your spouse’s such individual's interest in your Option option in any other way.

Transfer of Option. Prior to your death, only you may exercise this Option. You cannot gift, transfer, assign, alienate, pledge, hypothecate, attach, sell, or encumber this OptionOption or subject it to any short position, Call Equivalent Position or Put Equivalent Position. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, dispose of this Option in your will or it may be transferred by the laws of descent and distribution. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse, nor is the Company obligated to recognize your spouse’s interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may exercise this Option. You cannot gift, transfer, assign, alienate, pledge, hypothecate, attach, sell, or encumber this Option. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, dispose of this Option in your will or it may be transferred by the laws of descent and distribution. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse, nor is the Company obligated to recognize your spouse’s interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may exercise this Option. You cannot transfer, assign, alienate, pledge, attach, sell, transfer or encumber assign this Option. For instance, you may not sell this Option or use it as security for a loan. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, dispose of this Option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice Notice of exercise Exercise from your spouse or former spouse, nor is the Company obligated to recognize your spouse’s such individual's interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may exercise this your Option. You cannot transfertransfer or assign your Option. For instance, assign, alienate, pledge, attach, sell, you may not sell your Option or encumber this Optionuse it as security for a loan. If you attempt to do any of these things, this your Option will immediately become invalid. You may, however, dispose of this your Option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse or former spouse, nor is the Company obligated to recognize your spouse’s such individual's interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may exercise this your Option. You canhave no right to transfer or assign your Option. For instance, you may not transfer, assign, alienate, pledge, attach, sell, sell your Option or encumber this Optionuse it as security for a loan. If you attempt to do any of these things, this your Option will immediately become invalid. You may, however, dispose of this your Option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse or former spouse, nor is the Company obligated to recognize your spouse’s such individual's interest in your Option in any other way.

Transfer of Option. Prior to Before your death, only you may exercise this Option. You cannot transfer, assign, alienate, pledge, attach, sell, transfer or encumber assign this Option. For instance, you may not sell this Option or use it as security for a loan. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, dispose of this Option in your will or it may be transferred by the laws of descent and distributiona beneficiary designation. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company obligated to recognize your former spouse’s interest in your Option in any other way.

Transfer of Option. Prior to Before your death, only you may exercise this your Option. You cannot transfertransfer or assign your Option. For instance, assign, alienate, pledge, attach, sell, you may not sell your Option or encumber this Optionuse your Option as security for a loan. If you attempt to do any of these things, this your Option will immediately become invalid. You may, however, dispose of this your Option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse or former spouse, nor is the Company obligated to recognize your spousesuch individual’s interest in your Option in any other way.

Transfer of Option. Prior to your deathDeath, only you may exercise this Option. You cannot transfertransfer or assign this Option to any third party. For instance, assign, alienate, pledge, attach, sell, you may not sell this Option or encumber this Optionuse it as security for a loan. If you attempt to do any of these things, this the Option will shall immediately become be rendered invalid. You may, however, dispose of this Option in your will or it may be transferred by the laws of descent and distributiona will. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse or former spouse, nor is the Company obligated to recognize your spousesuch individual’s interest in your the Option in any other way.

Transfer of Option. Prior to your death, only you may exercise this Option. You cannot transfer, assign, alienate, pledge, attach, sell, transfer or encumber assign this Option. For instance, you may not sell this Option or use it as security for a loan. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, dispose of this Option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice Notice of exercise Exercise from your spouse or former spouse, nor is the Company obligated to recognize your spousesuch individual’s interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may can exercise this Option. You cannot sell, transfer, assign, alienate, pledge, attach, sell, pledge or encumber otherwise alienate this Option. For instance, you may not sell this Option or use it as security for a loan. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, may in any event dispose of this Option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company obligated to recognize your former spouse’s interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may exercise this Option. You cannot transfer, assign, alienate, pledge, attach, sell, transfer or encumber assign this Option. If For instance, you attempt to do any of these things, may not sell this Option will immediately become invalidor use it as security for a loan. You may, however, dispose of this Option in your will or it may be transferred will, by the laws of descent and distributiondistribution or through a beneficiary designation. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice Notice of exercise Exercise from your former spouse, nor is the Company obligated to recognize your former spouse’s interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may exercise this Option. You cannot transfer, assign, alienatealternate, pledge, attach, sell, or encumber this Option. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, dispose of this Option in your will or it may be transferred by the laws of descent and distribution. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse, nor is the Company obligated to recognize your spouse’s interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may can exercise this Option. You cannot transfer, assign, alienate, pledge, attach, sell, pledge or encumber otherwise alienate this Option. For instance, you may not sell this Option or use it as security for a loan. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, may in any event dispose of this Option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company obligated to recognize your former spouse’s interest in your Option in any other way.

Transfer of Option. Prior to your death, only you may exercise this your Option. You cannot transfertransfer or assign your Option. For instance, assign, alienate, pledge, attach, sell, you may not sell your Option or encumber this Optionuse it as security for a loan. If you attempt to do any of these things, this your Option will immediately become invalid. You may, however, dispose of this your Option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your spouse or former spouse, nor is the Company obligated to recognize your spousesuch individual’s interest in your Option in any other way.

Transfer of Option. Prior to Before your death, only you may can exercise this Option. You cannot transfer, assign, alienate, pledge, attach, sell, transfer or encumber assign this Option. For instance, you may not sell this Option or use it as security for a loan. If you attempt to do any of these things, this Option will immediately become invalid. You may, however, may in any event dispose of this Option in your will or it may be transferred by the laws of descent and distributionwill. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company obligated to recognize your former spouse’s 's interest in your Option in any other way.