Common use of Restrictions on Transfer and Pledge Clause in Contracts

Restrictions on Transfer and Pledge. No right or interest of the Grantee in the Option granted hereby may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiary, or shall be subject to any lien, obligation, or liability of the Grantee to any other party other than the Company or a Subsidiary.

Restrictions on Transfer and Pledge. No right or interest of the Grantee Optionee in the this Option granted hereby may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiarySubsidiary, or shall be subject to any lien, obligation, or liability of the Grantee Optionee to any other party other than the Company or a Subsidiary.

Restrictions on Transfer and Pledge. No right or interest of the Grantee in the Option granted hereby may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiary, or shall be subject to any lien, obligation, or liability of the Grantee to any other party other than the Company or a Subsidiary.. 119

Restrictions on Transfer and Pledge. No right or interest of the Grantee in the Option granted hereby may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiary, or shall be subject to any lien, obligation, or liability of the Grantee to any other party other than the Company or a Subsidiary.. 115

Restrictions on Transfer and Pledge. No right or interest of the Grantee in the Option granted hereby Options may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiaryCompany, or shall be subject to any lien, obligation, or liability of the Grantee to any other party other than the Company Company. The Options may not be assigned, pledged or a Subsidiaryotherwise transferred by the Grantee other than by will or the laws of descent and distribution. During the lifetime of the Grantee, the Options may be exercised or surrendered only by the Grantee.

Restrictions on Transfer and Pledge. No right or interest of the Grantee in the Option granted hereby may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiary, or shall be subject to any lien, obligation, or liability of the Grantee to any other party other than the Company or a Subsidiary.. 123

Restrictions on Transfer and Pledge. No right or interest of the Grantee in the Option granted hereby may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiary, or shall be subject to any lien, obligation, or liability of the Grantee to any other party other than the Company or a Subsidiary.. 139

Restrictions on Transfer and Pledge. No right or interest of the Grantee in the Option granted hereby may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiary, or shall be subject to any lien, obligation, or liability of the Grantee to any other party other than the Company or a Subsidiary.. 135

Restrictions on Transfer and Pledge. No right or interest of the Grantee in the Option granted hereby may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiary, or shall be subject to any lien, obligation, or liability of the Grantee to any other party other than the Company or a Subsidiary.. 143

Restrictions on Transfer and Pledge. No right or interest of the Grantee in the Option granted hereby may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a subsidiary, or shall be subject to any lien, obligation, or liability of the Grantee to any other party other than the Company or a Subsidiary.. 127