Common use of Non-Transferability of Options Clause in Contracts

Non-Transferability of Options. The Options may not be ------------------------------- assigned, transferred or otherwise disposed of, or pledged or hypothecated in any way, and shall not be subject to execution, attachment or other process otherwise than by will or by the laws of descent and distribution. The Options may be exercised during the lifetime of the Employee only by the Employee.

Non-Transferability of Options. The Options may not be ------------------------------- assigned, ------------------------------ transferred or otherwise disposed of, or pledged or hypothecated in any way, and shall not be subject to execution, attachment or other process otherwise than by will or by the laws of descent and distribution. The , and the Options may be exercised during the lifetime of the Employee only by the Employeehim.

Non-Transferability of Options. The Options may not ------------------------------- be ------------------------------- assignedas signed, transferred or otherwise disposed of, or pledged or hypothecated in any way, and shall not be subject to execution, attachment or other process otherwise than by will or by the laws of descent and distribution. The Options may be exercised during the lifetime of the Employee only by the Employee.

Non-Transferability of Options. The Options may not be as ------------------------------- assignedsigned, transferred or otherwise disposed of, or pledged or hypothecated in any way, and shall not be subject to execution, attachment or other process otherwise than by will or by the laws of descent and distribution. The Options may be exercised during the lifetime of the Employee only by the Employee.