Common use of Restrictions on Transfer and Pledge Clause in Contracts

Restrictions on Transfer and Pledge. The Option may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiary, or be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiary. The Option is not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of the Optionee only by the Optionee.

Restrictions on Transfer and Pledge. The Option No right or interest of Optionee in the Options may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is Options are not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option Options may be exercised during the lifetime of the Optionee only by the Optionee.

Restrictions on Transfer and Pledge. The Option may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company Corporation or a Parent or Subsidiary, or be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company Corporation or a Parent or Subsidiary. The Option is not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of the Optionee only by the Optionee.

Restrictions on Transfer and Pledge. The No right or interest of Optionee in the Option may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is not assignable or transferable by the Optionee other than by will or the laws of descent and distribution, but the Committee may (but need not) permit other transfers. The Option may be exercised during the lifetime of the Optionee only by the OptioneeOptionee or any permitted transferee.

Restrictions on Transfer and Pledge. The Option No right or interest of Optionee in the Options may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is Options are not assignable or transferable by the Optionee other than by will or the laws of descent and distribution, but the Committee may (but need not) permit other transfers. The Option Options may be exercised during the lifetime of the Optionee only by the OptioneeOptionee or any permitted transferee.

Restrictions on Transfer and Pledge. The Option No right or interest of Optionee in the Options may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is Options are not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of the Optionee only by the Optionee.distribution or pursuant to a domestic relations order that would satisfy Section 414(p)

Restrictions on Transfer and Pledge. The Option No right or interest of Optionee in the Options may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is Options are not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Optionee only by Code if such Section applied to an Option under the OptioneePlans.

Restrictions on Transfer and Pledge. The No right or interest of Optionee in the Option may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of the Optionee only by the OptioneeOptionee or any permitted transferee.

Restrictions on Transfer and Pledge. The Option No right or interest of Optionee in the Options may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Parent or Subsidiaryan Affiliate, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company or a Parent or Subsidiaryan Affiliate. The Option is Options are not assignable or transferable by the Optionee other than by will or the laws of descent and distribution. The Option may be exercised during the lifetime of the Optionee only by the Optionee.