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

Further Exceptions to Limits on Transfer. The exercise and transfer restrictions in Section 5.7.1 shall not apply to: (a) transfers to the Corporation; (b) the designation of a beneficiary to receive benefits in the event of the participant’s death or, if the participant has died, transfers to or exercise by the participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution; (c) subject to any applicable limitations on ISOs, transfers to a family member (or former family member) pursuant to a domestic relations order if approved or ratified by the Administrator; (d) if the participant has suffered a disability, permitted transfers or exercises on behalf of the participant by his or her legal representative; or (e) the authorization by the Administrator of “cashless exercise” procedures with third parties who provide financing for the purpose of (or who otherwise facilitate) the exercise of awards consistent with applicable laws and the express authorization of the Administrator.

Further Exceptions to Limits on Transfer. The exercise and transfer restrictions in Section 5.7.1 5. 7.1 shall not apply to: (a) transfers to the Corporation;, (b) the designation of a beneficiary to receive benefits in the event of the participant’s 's death or, if the participant has died, transfers to or exercise by the participant’s 's beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution;, (c) subject to any applicable limitations on ISOs, transfers to a family member (or former family member) pursuant to a domestic relations order if approved or ratified by the Administrator;, (d) if the participant has suffered a disability, permitted transfers or exercises on behalf of the participant by his or her legal representative; , or (e) the authorization by the Administrator of “"cashless exercise” " procedures with third parties who provide financing for the purpose of (or who otherwise facilitate) the exercise of awards consistent with applicable laws and the express authorization of the Administrator.

Further Exceptions to Limits on Transfer. The exercise and transfer restrictions in Section 5.7.1 shall not apply to: (a) transfers to the Corporation;, (b) the designation of a beneficiary to receive benefits in the event of the participant’s death or, if the participant has died, transfers to or exercise by the participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution;, (c) subject to any applicable limitations on ISOs, transfers to a family member (or former family member) pursuant to a domestic relations order if approved or ratified by the Administrator;, (d) if the participant has suffered a disability, permitted transfers or exercises on behalf of the participant by his or her legal representative; , or (e) the authorization by the Administrator of “cashless exercise” procedures with third parties who provide financing for the purpose of (or who otherwise facilitate) the exercise of awards consistent with applicable laws and the express authorization of the Administrator.