NO TRANSFER OR ASSIGNMENT OF OPTION. This Option and the rights and privileges conferred hereby shall not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of this option, or of any right or privilege conferred hereby, contrary to the provisions of this Agreement, or upon any attempted sale under any execution, attachment, or similar process upon the rights and privileges conferred hereby, this Option and the rights and privileges conferred hereby shall immediately become null and void.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement, this option and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement or as permitted by the Plan, this Option, and any interest therein, shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process.
NO TRANSFER OR ASSIGNMENT OF OPTION. This option and the rights and privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated (whether by operation of law or otherwise), except set forth in Section 12(a) of the Plan, and shall not be subject to execution, attachment or other similar process.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement with respect to NQSOs only, this option and the rights and privileges conferred by this Agreement may not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and are not subject to sale under execution, attachment, levy or similar process. The terms of the Plan and this Agreement are binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
NO TRANSFER OR ASSIGNMENT OF OPTION. The Option shall be non-transferable except by will or the laws of descent and distribution and shall be exercisable during the Optionee's lifetime by the Optionee only.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement, this Agreement and the rights and privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Agreement, or of any right or privilege conferred hereby, contrary to the provisions hereof, or upon any attempted sale under any execution, attachment or similar process upon the rights and privileges conferred hereby, this Agreement and the rights and privileges conferred hereby shall immediately become null and void. This option may be transferred by Optionee only by will, the laws of descent and distribution, or by a qualified domestic relations order as defined in the Code, and during his lifetime, may be exercised only by Optionee, his guardian or legal representative, or the beneficiaries of such qualified domestic relations order.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement, this option and the rights and privileges conferred hereby shall not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of this option, or of any right or privilege conferred hereby, contrary to the provisions of this Agreement, or upon any attempted sale under any execution, attachment, or similar process upon the rights and privileges conferred hereby, this option and the rights and privileges conferred hereby shall immediately become null and void. Notwithstanding the foregoing, the Grantee may transfer this option in its entirety or any portion thereof at his death by will or by intestacy, or otherwise during his lifetime to the Grantee's children and immediate family members, whether directly or indirectly, or by means of a trust or partnership or otherwise.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in Paragraph 3 (a) this Plan, an Option and the rights and privileges conferred thereby shall not be transferred, assigned, pledged or hypothecated in any way (whether by 6 11 operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of an Option, or of any right or privilege conferred hereby, contrary to the provisions hereof, or upon any attempted sale under any execution, attachment or similar process upon the rights and privileges conferred hereby shall immediately become null and void. 13. NO EMPLOYMENT RIGHTS Nothing in this Plan or Agreement shall be construed as giving the Optionee the right to be retained as an Employee or as impairing the right of the Corporation to terminate his or her service at any time, with or without cause. 14. DESIGNATION OF OPTION All Options shall be Nonstatutory Stock Options. 15. PAYMENT FOR STOCK a) Payment in Cash The entire Purchase Price may be paid in U.S. dollars. b) Surrender of Stock All or part of the Purchase Price may be paid by the surrender of Shares in good form for transfer. Such Shares must have been owned by the Optionee or the Optionee's Representative for six (6) months or more and must have a value (as determined pursuant to Paragraph 4 (d)) on the date of exercise of an Option which, together with any amount paid in a form other than Shares, is equal to the Purchase Price. 16.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement, this Option and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process. An ISO may be exercised during the Optionee's lifetime only by the Optionee, and may not be transferred, assigned or pledged except by will or by the laws of descent and distribution.
