Common use of Transferability of Option Clause in Contracts

Transferability of Option. The Option is transferable only to the extent permitted under the Plan at the time of transfer (i) by will or by the laws of descent and distribution, (ii) by a qualified domestic relations order (as defined in Section 414(p) of the Internal Revenue Code), or (iii) to Optionee’s Immediate Family or entities established for the benefit of, or solely owned by, the Optionee’s Immediate Family, but only to the extent permitted under the Plan. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee or any permitted transferee thereof.

Transferability of Option. The Option is transferable only to the extent permitted under the Plan at the time of transfer (ia) by will or by the laws of descent and distribution, (iib) by a qualified domestic relations order (as defined in Section 414(p) of the Internal Revenue Code), or (iiic) to Optionee’s Immediate Family immediate family or entities established for the benefit of, or solely owned by, the Optionee’s Immediate Familyimmediate family, but only if, and to the extent extent, permitted under the Plan. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee or any permitted transferee thereof.

Transferability of Option. The Option is transferable only to the extent permitted under the Plan at the time of transfer (i) by will or by the laws of descent and distribution, (ii) by a qualified domestic relations order (as defined in Section 414(p) of the Internal Revenue Code), or (iii) to Optionee’s Immediate Family immediate family or entities established for the benefit of, or solely owned by, the Optionee’s Immediate Familyimmediate family, but only if, and to the extent extent, permitted under the Plan. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee or any permitted transferee thereof.

Transferability of Option. The Option is transferable only to the extent permitted under the Plan at the time of transfer (i) by will or by the laws of descent and distribution, (ii) by a qualified domestic relations order (as defined in Section 414(p) of the Internal Revenue Code), or (iii) to Optionee’s Immediate Family or entities established for the benefit of, of or solely owned by, the Optionee’s Immediate Family, but only to the extent permitted under the Plan. No right or benefit hereunder here under shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee or any permitted transferee thereof.

Transferability of Option. The Option is transferable only to the extent permitted under the Plan at the time of transfer (i) by will or by the laws of descent and distribution, (ii) by a qualified domestic relations order (as defined in Section 414(p) of the Internal Revenue Code), or (iii) to Optioneethe Participant’s Immediate Family immediate family or entities established for the benefit of, or solely owned by, the OptioneeParticipant’s Immediate Familyimmediate family, but only if, and to the extent extent, permitted under the Plan. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee the Participant or any permitted transferee thereof.

Transferability of Option. The Option is transferable only to the extent permitted under the Plan this Agreement at the time of transfer (i) by will or by the laws of descent and distribution, (ii) by a qualified domestic relations order (as defined in Section 414(p) of the Internal Revenue Code), or (iii) to Optionee’s Immediate Family immediate family or entities established for the benefit of, or solely owned by, the Optionee’s Immediate Familyimmediate family, but only if, and to the extent extent, permitted under the Planthis Agreement. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee or any permitted transferee thereof.