Common use of Non-Transferability of Option Clause in Contracts

Non-Transferability of Option. This Option is not assignable or transferable, in whole or in part, by the Employee other than by will or by the laws of descent and distribution, and during the lifetime of the Employee the Option shall be exercisable only by the Employee or by his or her guardian or legal representative.

Non-Transferability of Option. This Option is not assignable or transferable, in whole or in part, by the Employee Optionee other than by will or by the laws of descent and distribution, and during . During the lifetime of the Employee Optionee, the Option shall be exercisable only by the Employee Optionee or, in the event of his or her Disability, by his or her guardian or legal representative.

Non-Transferability of Option. This Option option is not assignable or transferable, in whole or in part, transferable by the Employee other otherwise than by will or by the laws of descent and distribution, distribution and is exercisable during the Employee’s lifetime of the Employee the Option shall be exercisable only by the Employee Participant (or by his in the event of the Employee’s incapacity, the person or her guardian or legal representativepersons legally appointed to act on the Employee’s behalf).

Non-Transferability of Option. This Option is may not assignable be sold, transferred, pledged, assigned, or transferable, in whole otherwise alienated or in part, hypothecated by the Employee Employee, other than by will or by the laws of descent and distribution. Further, and during the lifetime of the Employee the this Option shall be exercisable during his or her lifetime only by the Employee or by his or her guardian or legal representativeEmployee.

Non-Transferability of Option. This Option is not assignable or transferable, in whole or in part, by the Employee other otherwise than by will or by the laws of descent and distribution, and during the lifetime of the Employee the Option shall be exercisable only by the Employee or by his or her guardian or legal representative.

Non-Transferability of Option. This The Option is may not assignable be assigned or transferabletransferred, in whole or in part, by the Employee other Employee, otherwise than by will or by the laws of descent and distribution, and during . During the lifetime of the Employee Employee, the Option shall be exercisable only by the Employee or or, in the event of his Disability, by his or her guardian or legal representative.

Non-Transferability of Option. This Option is not assignable or transferable, in whole or in part, transferable by the Employee other otherwise than by will or by the laws of descent and distribution, and during the lifetime of the Employee Employee, the Option shall be exercisable only by the Employee or by his or her guardian or legal representativeEmployee.

Non-Transferability of Option. This Option is not assignable or transferable, in whole or in part, by the Non-Employee other Director otherwise than by will or by the laws of descent and distribution, and during the lifetime of the Non-Employee Director the Option shall be exercisable only by the Non-Employee Director or by his or her guardian or legal representative.

Non-Transferability of Option. This The Option is shall not assignable or transferable, in whole or in part, be transferable by the Employee other than by will or by the laws of descent and distribution, and during the lifetime of the Employee the Option shall be exercisable only by the Employee or by his or her guardian or legal representative.

Non-Transferability of Option. This The Option is may not assignable be ----------------------------- transferred or transferable, in whole assigned by Employee or in part, by the Employee other otherwise than by will or by the laws of descent and distributiondistribution or be exercised other than by Employee or, and during in the lifetime case of the Employee the Option shall be exercisable only by the Employee or his death, by his personal representative, heir or her guardian or legal representativelegatee.

Non-Transferability of Option. This Option is not assignable or transferabletransferrable, in whole or in part, by the Employee other than by will or by the laws of descent and distribution, and during the lifetime of the Employee the Option shall be exercisable only by the Employee or by his or his/her guardian or legal representative.

Non-Transferability of Option. This Option is not assignable or transferable, in whole or in part, by the Employee other otherwise than by will or by the laws of descent and distribution, and during the lifetime of the Employee the Option shall be exercisable only by the Employee or by his or her guardian or legal representative.

Non-Transferability of Option. This Option is not assignable or transferable, in whole or in part, by the Employee other otherwise than by will or by the laws of descent and distribution, and during the lifetime of the Employee the Option shall be exercisable only by the Employee or by his or her guardian or legal representative. 8.

Non-Transferability of Option. This The Option is shall not assignable or transferable, in whole or in part, be transferable by the Employee other than by will or by the laws of descent and distribution, and during the lifetime of the Employee the Option shall may be exercisable exercised only by Employee or his legal representative if the Employee or by his or her guardian or legal representativeis disabled.

Non-Transferability of Option. This Option is The option shall not be assignable or transferable, in whole or in part, transferable by the Employee other than Employee, except by will or by the laws of descent and distribution, and during . During the lifetime life of the Employee Employee, the Option shall be exercisable only by the Employee or by his or her guardian or legal representativeEmployee.

Non-Transferability of Option. This Option is not assignable or transferable, in whole or in part, by the Employee other than by will or by the laws of descent and distribution, and during the lifetime of the Employee the Option shall be exercisable only by the Employee or by his or her guardian or legal representative.,

Non-Transferability of Option. This The Option is not assignable or transferable, in whole or in part, by the Employee other Employee, otherwise than by will or by the laws of descent and distribution, and during . During the lifetime of the Employee Employee, the Option shall be exercisable only by Employee or, in the Employee or event of his Legal Disability, by his or her guardian or legal representative.

Non-Transferability of Option. This Option is option shall not assignable or transferable, in whole or in part, by the Employee be transferable other than by will or by the laws of descent and distribution, and may be exercised during the Employee's lifetime of the Employee the Option shall be exercisable only by the Employee or by his or her guardian or legal representativehim.