Transferability and Assignability. Neither this Subscription Agreement nor any of the rights of the Subscriber hereunder may be transferred or assigned by the Subscriber. The Subscriber agrees that the Subscriber may not cancel, terminate, or revoke this Subscription Agreement or any agreement of the Subscriber made hereunder (except as otherwise specifically provided herein) and that this Subscription Agreement shall survive the death or disability of the Subscriber and shall be binding upon the Subscriber's heirs, executors, administrators, successors, and assigns.
Transferability and Assignability. The rights or interests of the Participant under this Agreement shall not be assignable or transferable, otherwise than by will or the laws governing the devolution of property in the event of death and such rights or interests shall not be encumbered. Notwithstanding the foregoing, the Participant may transfer or assign his rights under this Agreement for estate planning purposes and without consideration to a trust or trusts for the exclusive benefit of the Participant and his family members.
Transferability and Assignability. Except as set forth below, (i) no options shall be assignable or transferable by the Optionee except by will or by the laws of descent and distribution; and (ii) during the lifetime of the Optionee each option shall be exercisable only by such Optionee. Notwithstanding the foregoing, all or a portion of the options granted to the Optionee will be transferable by the Optionee to (i) the spouse, children or grandchildren of the optionee ("Immediate Family Members"), (ii) a trust or trusts for the exclusive benefit of such Immediate Family Members, or (iii) a partnership of which such Immediate Family Members are the only partners, provided that subsequent transfers of the transferred option shall be prohibited except in accordance with this paragraph. Following any such transfer, any such options shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer, provided that for purposes of paragraph 10 hereof, the term "optionee" shall be deemed to refer to the transferee. The events of termination of Business Relationship set forth in this Agreement shall continue to be applied with respect to the original Optionee, following which the options shall be exercisable by the transferee only to the extent, and for the periods specified therein.
Transferability and Assignability. Neither this Agreement nor any of the rights of the Lender hereunder may be transferred or assigned by the Lender. The Lender agrees that the Lender may not cancel, terminate, or revoke this Agreement or any agreement of the Lender made hereunder (except as otherwise specifically provided herein) and that this Agreement shall survive the death or disability of the Lender and shall be binding upon the Lender's heirs, executors, administrators, successors, and assigns.
Transferability and Assignability. This Note and all rights hereunder are transferable, in whole or in part, by surrendering such Note to the Maker duly endorsed for transfer or accompanied by a duly executed instrument of transfer naming the new Payee, together with written instructions for the issuance of one or more new Notes specifying the respective principal amounts of each new Note and the name of each new Payee therefor. Upon such transfer and, if required, any payments, the Maker shall execute and deliver a new Note in the name of the transferee, as applicable, and in the denomination or denominations as specified, and if applicable shall issue to the transferer a new Note evidencing the portion of this Note not so transferred, and this Note shall promptly be cancelled. In lieu of the foregoing procedures, Payee may assign a Note to a new party by sending written notice to the Maker of such assignment specifying the new Payee; in such case, the Maker shall promptly acknowledge such assignment in writing to both the old and new Payee.
Transferability and Assignability. Neither this Securities Holder --------------------------------- Agreement and Undertakings nor any of the rights of the Subscriber hereunder may be transferred or assigned by the Subscriber. The Subscriber agrees that the Subscriber may not cancel, terminate, or revoke this Securities Holder Agreement and Undertakings or any agreement of the Subscriber made hereunder (except as otherwise specifically provided herein) and that this Securities Holder Agreement and Undertakings shall survive the death or disability of the Subscriber and shall be binding upon the Subscriber's heirs, executors, administrators, successors, and assigns.
