Common use of Further Exceptions to Limits on Transfer Clause in Contracts

Further Exceptions to Limits on Transfer. The exercise and transfer restrictions in this Section 7 shall not apply to: (i) transfers to the Company, (ii) the designation of a beneficiary to receive benefits in the event of the Optionee's death or, if the Optionee has died, transfers to or exercise by the Optionee's beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution, (iii) transfers pursuant to a qualified domestic relations order if approved or ratified by the Board, (iv) if the Optionee has suffered a disability, permitted transfers or exercises on behalf of the Optionee by his or her legal representative, or (v) the authorization by the Board of "cashless exercise" procedures with third parties who provide financing for the purpose of (or who otherwise facilitate) the exercise of the Option consistent with applicable laws and the express authorization of the Board.

Further Exceptions to Limits on Transfer. The exercise and transfer restrictions in this Section 7 shall not apply to: (i) transfers to the Company, (ii) the designation of a beneficiary to receive benefits in the event of the Optionee's ’s death or, if the Optionee has died, transfers to or exercise by the Optionee's ’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution, (iii) transfers pursuant to a qualified domestic relations order if approved or ratified by the Board, (iv) if the Optionee has suffered a disability, permitted transfers or exercises on behalf of the Optionee by his or her legal representative, or (v) the authorization by the Board of "“cashless exercise" ” procedures with third parties who provide financing for the purpose of (or who otherwise facilitate) the exercise of the Option consistent with applicable laws and the express authorization of the Board.

Further Exceptions to Limits on Transfer. The exercise and transfer restrictions in this Section 7 6 shall not apply to: (i) transfers to the Company, (ii) the designation of a beneficiary to receive benefits in the event of the Optionee's ’s death or, if the Optionee has died, transfers to or exercise by the Optionee's ’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution, (iii) transfers pursuant to a qualified domestic relations order if approved or ratified by the Board, (iv) if the Optionee has suffered a disability, permitted transfers or exercises on behalf of the Optionee by his or her legal representative, or (v) the authorization by the Board of "“cashless exercise" ” procedures with third parties who provide financing for the purpose of (or who otherwise facilitate) the exercise of the Option consistent with applicable laws and the express authorization of the Board.