Common use of Nontransferability of Option Clause in Contracts

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Optionee, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee.

Nontransferability of Option. This option Option may not be sold, pledged, assigned, transferredhypothecated, pledged gifted, transferred or otherwise encumbered by the Optionee, disposed or in any manner either voluntarily or involuntarily by the operation of law, except other than by the will or by the laws of descent and or distribution, and, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing and the terms of the Plan, the terms of this option Option shall be exercisable only by binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Nontransferability of Option. This option may You shall not be soldsell, assignedassign, transferredtransfer, pledged pledge or otherwise encumbered by the Optioneeencumber this option, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, and during the lifetime of the Optioneeyour lifetime, this option shall be exercisable only by the Optioneeyou.

Nontransferability of Option. This option Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Optionee, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option Option shall be exercisable only by the Optionee.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the OptioneeHolder, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the OptioneeHolder, this option shall be exercisable only by the OptioneeHolder.

Nontransferability of Option. This option may The Option shall not be sold, transferred, pledged, assigned, transferred, pledged or otherwise encumbered by the Optioneealienated or hypothecated, either voluntarily or by operation of law, except other than by will or by the laws of descent and distribution, and, during the lifetime of the Optionee, this option distribution and shall be exercisable during the Optionee's lifetime only by the Optionee.

Nontransferability of Option. This option The Option may not be sold, assigned, transferred, pledged or otherwise encumbered transferred by the Optionee, either voluntarily or by operation of law, except Optionee other than by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option shall be exercisable only distribution or pursuant to beneficiary designation procedures approved by the OptioneeCompany. Except as permitted by the foregoing, the Option may not be sold, transferred, assigned, pledged, hypothecated, voluntarily encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process.

Nontransferability of Option. This option may not No Option shall be sold, assigned, transferred, pledged or otherwise encumbered transferred by the Optionee, either voluntarily or by operation of law, except Optionee otherwise than by will or the laws of descent and distribution, and, during . During the lifetime of the Optionee, this option the Option shall be exercisable only by him or by his legal guardian or personal representative, or by an individual holding on behalf of the OptioneeOptionee a valid Durable Power of Attorney.

Nontransferability of Option. This option Option may not be sold, pledged, assigned, transferredhypothecated, pledged gifted, transferred or otherwise encumbered by the Optionee, disposed or in any manner either voluntarily or involuntarily by the operation of law, except other than by the will or by the laws of descent and or distribution, and, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing, the terms of this option Option shall be exercisable only by binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Nontransferability of Option. This option may Option shall not be sold, assigned, transferredalienated, pledged pledged, attached, sold or otherwise encumbered transferred by the Optionee, either voluntarily or by operation of law, Optionee except by will or by the laws of descent and distribution, and, during the lifetime . The terms of the Optionee, this option Option shall be exercisable only by binding on the executors, administrators, heirs and successors of Optionee.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or Option is nontransferable otherwise encumbered by the Optionee, either voluntarily or by operation of law, except than by will or the laws of descent and distribution, and, distribution and during the lifetime of the Optionee, this option shall the Option may be exercisable exercised only by the Optionee or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or legal representative. Except as provided above, the Option may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and will not be subject to execution, attachment or similar process.

Nontransferability of Option. This option Option may not be sold, pledged, ---------------------------- assigned, transferredhypothecated, pledged gifted, transferred or otherwise encumbered by the Optionee, disposed of in any manner either voluntarily or involuntarily by operation of lawlaw or otherwise, except other than by will or by the laws of descent and or distribution, and, and may be exercised during the lifetime of Optionee only by such Optionee. Subject to the Optioneeforegoing and the terms of the Plan, the terms of this option Option shall be exercisable only by binding upon the executors, administrators, heirs, successors and assigns of Optionee.

Nontransferability of Option. This option may not The Option shall be sold, assigned, transferred, pledged or nontransferable otherwise encumbered by the Optionee, either voluntarily or by operation of law, except than by will or the laws of descent and distribution, and, distribution and during the lifetime of the Optionee, this option shall the Option may be exercisable exercised only by Optionee or, during the period Optionee is under a legal disability, by Optionee’s guardian or legal representative. Except as provided above, the Option may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Nontransferability of Option. This option may not Option shall be sold, assigned, transferred, pledged or nontransferable otherwise encumbered by the Optionee, either voluntarily or by operation of law, except than by will or the laws of descent and distribution, and, distribution and during the lifetime of the Optionee, this option shall Option may be exercisable exercised only by Optionee or, during the period Optionee is under a legal disability, by Optionee’s guardian or legal representative. Except as provided above, this Option may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Nontransferability of Option. This option may The Option shall not be sold, transferred, pledged, assigned, transferred, pledged or otherwise encumbered by the Optioneealienated or hypothecated, either voluntarily or by operation of law, except other than by will or by the laws of descent and distribution, and, during the lifetime of the Optionee, this option and shall be exercisable during the Optionee’s lifetime only by the Optionee.

Nontransferability of Option. This option may The Option and this Option Agreement shall not be sold, assigned, transferred, pledged assignable or transferable otherwise encumbered by the Optionee, either voluntarily or by operation of law, except than by will or by the laws of descent and distribution, and; and the Option may be exercised, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee or by the Optionee's legal representative.

Nontransferability of Option. This option may The Option shall not be sold, transferred, pledged, assigned, transferred, pledged or otherwise encumbered by the Optioneealienated or hypothecated, either voluntarily or by operation of law, except other than by will or by the laws of descent and distribution, and, during the lifetime of the Optionee, this option and shall be exercisable during the Optionee's lifetime only by the Optioneehim or his legal representative.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or Option is nontransferable otherwise encumbered by the Optionee, either voluntarily or by operation of law, except than by will or the laws of descent and distribution, and, distribution and during the lifetime of the Optionee, this option shall the Option may be exercisable exercised only by the Optionee or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or legal representative. Except as provided above, the Option may not be assigned, transferred, pledged, hypothecated, or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment, or similar process.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Optionee, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order, and, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee.

Nontransferability of Option. This option The Option may not be sold, assignedpledged, transferred, pledged assigned or otherwise encumbered by transferred in any manner other than upon the Optionee, either voluntarily or by operation death of law, except the Option Holder by will or by the laws of descent and distribution, and, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee.

Nontransferability of Option. This option Option may not be sold, pledged, assigned, transferredhypothecated, pledged gifted, transferred or otherwise encumbered by the Optionee, disposed of in any manner either voluntarily or involuntarily by the operation of law, except other than by the will or by the laws of descent and or distribution, and, and may be exercised during the lifetime of the Optionee only by such Optionee. Subject to the foregoing, the terms of this option Option shall be exercisable only by binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Nontransferability of Option. This option Option may not be sold, assigned, pledged, hypothecated, transferred, pledged or otherwise encumbered by the Optionee, either voluntarily or by operation disposed of law, except in any manner other than by will or by the laws of descent and distribution, and, distribution and may be exercised during the lifetime of the Optionee, this option shall be exercisable Optionee only by the Optionee. The terms of this Option shall be binding upon the Optionee's executors, administrators, personal representatives, successors and permitted assigns.

Nontransferability of Option. This option Option may not be sold, assigned, transferred, pledged exchanged, pledged, hypothecated or otherwise encumbered by the Optioneeencumbered, either voluntarily or by operation of law, except other than by will or the laws of descent and distribution, and, during . During the lifetime of the Optionee, this option shall be Option is exercisable only by him. The terms of this Option shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

Nontransferability of Option. This option may The Option shall not be sold, transferred, pledged, assigned, transferred, pledged or otherwise encumbered by the Optioneealienated or hypothecated, either voluntarily or by operation of law, except other than by will or by the laws of descent and distribution, and, during the lifetime of the Optionee, this option distribution and shall be exercisable during the Optionee's lifetime only by the Optionee or his or her legal representative and after death of an Optionee, by his or her Beneficiaries.

Nontransferability of Option. This option Option may not be sold, pledged, assigned, transferredhypothecated, pledged gifted, transferred or otherwise encumbered by the Optionee, disposed of in any manner either voluntarily or involuntarily by operation of lawlaw or otherwise, except other than by will or by the laws of descent and or distribution, and, and may be exercised during the lifetime of Optionee only by such Optionee. Subject to the Optioneeforegoing and the terms of the Option Plan, the terms of this option Option shall be exercisable only by binding upon the executors, administrators, heirs, successors and assigns of Optionee.

Nontransferability of Option. This option The Option may not be sold, assigned, ---------------------------- transferred, sold, pledged or otherwise encumbered by the Optionee, either voluntarily alienated or hypothecated (whether by operation of law, law or otherwise) except by will or by the laws of descent and distribution, and, during the lifetime of . During the Optionee's lifetime, this option the Option shall only be exercisable only by the Optionee.

Nontransferability of Option. This option may shall not be sold, assigned, transferred, pledged or otherwise encumbered by the OptioneeParticipant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee.

Nontransferability of Option. This option Subject to Section 4, this Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Optionee, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option Option shall be exercisable only by the Optionee.

Nontransferability of Option. This option may The Option shall not be sold, transferred, pledged, assigned, transferred, pledged or otherwise encumbered by the Optioneealienated or hypothecated, either voluntarily or by operation of law, except other than by will or by the laws of descent and distribution, and, during the lifetime of the Optionee, this option distribution and shall be exercisable during the Optionee's lifetime only by the Optionee. 9.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or Option is nontransferable otherwise encumbered by the Optionee, either voluntarily or by operation of law, except than by will or the laws of descent and distribution, and, distribution and during the lifetime of the Optionee, this option shall the Option may be exercisable exercised only by the Optionee or, during the period the Optionee is under a legal disability, by the Optionee's guardian or legal representative. Except as provided above, the Option may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and will not be subject to execution, attachment or similar process.

Nontransferability of Option. This option The Option may not be sold, transferred, pledged, assigned, transferred, pledged or otherwise encumbered by the Optioneealienated or hypothecated, either voluntarily or by operation of law, except other than by will or by the laws of descent and distribution, and, during distribution or pursuant to a qualified domestic relations order (as defined in the lifetime of the Optionee, this option Code or ERISA). The Option shall be exercisable during the Optionee’s lifetime only by the Optionee.

Nontransferability of Option. This Except as otherwise provided in the Plan, this option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Optionee, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee.

Nontransferability of Option. This option may The Option shall not be sold, transferred, pledged, assigned, transferred, pledged or otherwise encumbered by the Optioneealienated or hypothecated, either voluntarily or by operation of law, except other than by will or by the laws of descent and distribution, and, during the lifetime of the Optionee, this option distribution and shall be exercisable only by the OptioneeOptionee or his or her legal representative or to a trust established for estate planning purposes of which the Optionee is the sole trustee.

Nontransferability of Option. This option The Option may not be sold, pledged, assigned, hypothecated, transferred, pledged or otherwise encumbered disposed of in any manner by the Optionee, either voluntarily or by operation of law, except other than by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option the Option shall be exercisable only by the Optionee.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the OptioneeParticipant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or Option is nontransferable otherwise encumbered by the Optionee, either voluntarily or by operation of law, except than by will or the laws of descent and distribution, and, distribution and during the lifetime of the Optionee, this option shall the Option may be exercisable exercised only by the Optionee or, during the period the Optionee is under a legal disability, by the Optionee's guardian or legal representative. Except as provided above, the Option may not be assigned, transferred, pledged, hypothecated, or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment, or similar process.

Nontransferability of Option. This option may not Neither the Option, nor any part ---------------------------- thereof, shall be sold, assignedpledged, transferred, pledged assigned or transferred by Optionee otherwise encumbered than by the Optionee, either voluntarily or by operation of law, except transfer by will or the laws of descent and distribution, and, during . During the lifetime of the Optionee, this option the Option shall be exercisable only by the Optioneehim.

Nontransferability of Option. This option may To the extent that this Option is designated as an Incentive Option, the Option shall not be soldtransferable (including by sale, assignedassignment, transferred, pledged pledge or otherwise encumbered by the Optionee, either voluntarily or by operation of law, except hypothecation) other than by will or the laws or intestate succession, or in the Administrator’s discretion, as may otherwise be permitted in accordance with Section 422 of descent he Code and distribution, and, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee.related

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Optionee, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee or the Optionee's guardian or legal representative.

Nontransferability of Option. This option The Option may not be sold, transferred, pledged, assigned, transferred, pledged or otherwise encumbered by the Optioneealienated or hypotheticated, either voluntarily or by operation of law, except other than by will or by the laws of descent and distribution, and, during distribution or pursuant to a qualified domestic relations order (as defined in the lifetime of the Optionee, this option Code or ERISA). The Option shall be exercisable during the Optionee’s lifetime only by the Optionee.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Optionee, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Optionee, this option shall be exercisable only by the Optionee.

Nontransferability of Option. This option may The Option shall not be sold, transferred, pledged, assigned, transferred, pledged or otherwise encumbered by the Optioneealienated or hypothecated, either voluntarily or by operation of law, except other than by will or by the laws of descent and distribution, and, during the lifetime of the Optionee, this option distribution and shall be exercisable only by the OptioneeOptionee or his legal representative or to a trust established for estate planning purposes of which the Optionee is the sole trustee.