Common use of Nontransferability of Option Clause in Contracts

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option Option shall be exercisable only by the Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the ParticipantOptionee, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the ParticipantOptionee, this option shall be exercisable only by the ParticipantOptionee.

Nontransferability of Option. This option The Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except transferred in any manner other than by will or by the laws of descent and distribution, and, distribution and may be exercised during the lifetime of Participant only by Participant or in the event of Participant's incapacity, this option by Participant's legal representative. The terms of the Option shall be exercisable only by binding upon the executors, administrators, successors and assigns of Participant.

Nontransferability of Option. This option may You shall not be soldsell, assignedassign, transferredtransfer, pledged pledge or otherwise encumbered by the Participantencumber this option, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, and during the lifetime of the Participantyour lifetime, this option shall be exercisable only by the Participantyou.

Nontransferability of Option. This option Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the ParticipantOptionee, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the ParticipantOptionee, this option Option shall be exercisable only by the ParticipantOptionee.

Nontransferability of Option. This Except as otherwise provided herein, this option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option The Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except transferred in any ---------------------------- manner other than by will or by the laws of descent and distribution, and, distribution and may be exercised during the lifetime of Participant only by Participant or in the event of Participant's incapacity, this option by Participant's legal representative. The terms of the Option shall be exercisable only by binding upon the executors, administrators, successors and assigns of Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistribution of the domicile of the Participant, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. Except as otherwise indicated by the context, the “Participant,” as used in this option, shall be deemed to include any person who acquires the right to exercise this option validly under its terms.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. The terms of this Agreement shall be binding on the executors, administrators, heirs, successors and assigns of the Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option Agreement may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option Agreement shall be exercisable only by the Participant.

Nontransferability of Option. (a) This option Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option Option shall be exercisable only by the Participant.

Nontransferability of Option. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This Except as otherwise provided herein, this option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option may Option shall not be sold, assigned, transferred, pledged or otherwise encumbered transferable by the Participant, either voluntarily or by operation of law, except Participant otherwise than by will or by the laws of descent and distribution, and, distribution and during the lifetime of the Participant, this option shall Participant may only be exercisable only exercised by the Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or in accordance with the laws terms of descent and distribution, and, during the Plan. During the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the ParticipantPartcipant, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistibution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option Except as specified in Section 7(a) of the Plan, this Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option Option shall be exercisable only by the Participant.

Nontransferability of Option. This option The Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except transferred ----------------------------- in any manner other than by will or by the laws of descent and distribution, and, distribution and may be exercised during the lifetime of Participant only by Participant or in the event of Participant's incapacity, this option by Participant's legal representative. The terms of the Option shall be exercisable only by binding upon the executors, administrators, successors and assigns of Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. 6.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or Option is nontransferable otherwise encumbered by the Participant, either voluntarily or by operation of law, except than by will or the laws of descent and distribution, and, distribution and during the lifetime of the Participant, this option shall the Option may be exercisable exercised only by the Participant or, during the period the Participant is under a legal disability, by the Participant’s guardian or legal representative. Except as provided above, the Option may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option may not be sold, pledged, assigned, transferredhypothecated, pledged transferred or disposed of otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, distribution and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option The Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except ---------------------------- transferred in any manner other than by will or by the laws of descent and distribution, and, distribution and may be exercised during the lifetime of Participant only by Participant or in the event of Participant's incapacity, this option by Participant's legal representative. The terms of the Option shall be exercisable only by binding upon the executors, administrators, successors and assigns of Participant.

Nontransferability of Option. This option may shall not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent FORM OF ISO and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option may Option shall not be sold, assigned, transferred, pledged or otherwise encumbered transferable by the ParticipantParticipant otherwise than by will, either voluntarily or by operation of law, except by will or the laws of descent and distribution, distribution and, during the lifetime of the Participant, Participant this option shall Option may only be exercisable only exercised by the Participant.

Nontransferability of Option. This option The Option may not be sold, pledged, assigned, transferredhypothecated, pledged transferred or otherwise encumbered by the Participant, either voluntarily or by operation disposed of law, except in any manner other than by will or by the laws of descent and distribution, anddistribution and may be exercised, during the lifetime of the Participant's lifetime, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant or by the Participant's guardian or legal representative in accordance with the Plan.

Nontransferability of Option. This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, - #PageNum# - either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

Nontransferability of Option. This option Except as otherwise provided herein, this Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option Option shall be exercisable only by the Participant.