Common use of Non-Transferability of Option Clause in Contracts

Non-Transferability of Option. The Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent and distribution.

Non-Transferability of Option. The Option This option may not be sold, pledged, assigned, hypothecated, giftedtransferred, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent or distribution and distributionmay be exercised, during the lifetime of the Optionee, only by the Optionee.

Non-Transferability of Option. The Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwiselaw, other than by will or by the laws of descent or distribution. During the Participant’s lifetime, the Option is exercisable only by the Participant. Subject to the foregoing and distributionthe terms of the Plan, the terms of the Option will be binding upon the executors, administrators and heirs of the Participant.

Non-Transferability of Option. The Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed of in any manner manner, either voluntarily or involuntarily by operation of law or otherwiseinvoluntarily, other than by will or by the laws of descent and distribution.

Non-Transferability of Option. The This Option may not be sold, transferred, pledged, assigned, hypothecated, gifted, transferred assigned or disposed of in any manner either voluntarily otherwise alienated or involuntarily by operation of law or otherwise, other hypothecated otherwise than by will or by the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order as defined in the Code.

Non-Transferability of Option. The This Option may not be sold, pledged, assigned, hypothecated, giftedtransferred, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order and may be exercised, during the lifetime of the Optionee, only by the Optionee.

Non-Transferability of Option. The Option may not be sold, pledged, assigned, hypothecated, giftedtransferred, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent or distribution and distributionmay be exercised during the life-time of Participant only by Participant.

Non-Transferability of Option. The This Option may not be sold, assigned, transferred, pledged, assigned, hypothecated, gifted, transferred hypothecated or otherwise disposed of in any manner either voluntarily or involuntarily by operation of law or otherwiseyou, other than except by will or by the laws of descent and distribution, and shall be exercisable during your lifetime only by you, except as otherwise set forth herein or in the Plan.

Non-Transferability of Option. The No Option granted under the Plan, nor any interest in such Option, may not be sold, pledged, assigned, hypothecatedconveyed, gifted, pledged, hypothecated or otherwise transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwisemanner, other than pursuant to the Beneficiary Designation, by will or by the laws of descent and distributiondistribution or by a qualified domestic relations order.

Non-Transferability of Option. The Neither this Option nor any rights herein may not be sold, pledged, assigned, hypothecated, giftedtransferred, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent and distribution. Any sale, pledge, assignment, hypothecation, transfer or disposition in violation of the foregoing shall be void.

Non-Transferability of Option. The Option Options may not be sold, pledged, ----------------------------- assigned, hypothecated, giftedtransferred, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent or distribution and distributionmay be exercised, during the lifetime of the Optionee, only by the Optionee. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Non-Transferability of Option. The This Option may not be sold, pledged, assigned, hypothecated, giftedtransferred, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent or distribution and distributionmay be exercised, during the lifetime of the Optionee, only by the Optionee.

Non-Transferability of Option. The This Option may not be sold, pledged, ----------------------------- assigned, hypothecated, giftedtransferred, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent or distribution and distributionmay be exercised during the lifetime of Optionee only by the Optionee.

Non-Transferability of Option. The This Option may not be sold, assigned, transferred, pledged, assignedhypothecated or otherwise disposed of, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than except by will or by the laws of descent and distribution, and shall be exercisable during your lifetime only by you, except as otherwise set forth herein or in the Plan.

Non-Transferability of Option. The Option may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent and distributiondistribution and may be exercised during the lifetime of the Optionee only by the Optionee or by the guardian or legal representative of the Optionee, in the case of the Optionee’s disability.

Non-Transferability of Option. The This Option may not be sold, assigned, transferred, pledged, assignedhypothecated or otherwise disposed of, hypothecated, gifted, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than except by will or by the laws of descent and distribution, and shall be exercisable during your lifetime only by you, except as otherwise set forth herein or in the Plan. 10.

Non-Transferability of Option. The Except as otherwise provided herein, the Option and the rights and privileges conferred hereby may not be sold, pledgedtransferred, assigned, hypothecatedexchanged, giftedencumbered, transferred pledged or otherwise hypothecated or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwiseway, other than by will or by the laws of descent and distribution, and the Option shall be exercisable during the Employee's lifetime only by the Employee.

Non-Transferability of Option. The Option This option may not be sold, pledged, assigned, hypothecated, giftedtransferred, transferred or disposed of in any manner either voluntarily or involuntarily by operation of law or otherwise, other than by will or by the laws of descent or distribution and distributionmay be exercised, during the lifetime of Optionee, only by Optionee.

Non-Transferability of Option. The This Option may shall not be sold, transferred, pledged, assignedexchanged, hypothecated, gifted, transferred hypothecated or otherwise disposed of in any manner either voluntarily or involuntarily by operation of law or otherwiseof, other than by will or by the laws of descent and distribution, and it shall be exercisable, during the lifetime of Optionee, only by Optionee.