Common use of LIMITATIONS UPON TRANSFER OF OPTION Clause in Contracts

LIMITATIONS UPON TRANSFER OF OPTION. During the lifetime of Optionee, the option and all rights granted in this Option Agreement shall be exercisable only by the Optionee, and except as Section 1.8(e) of this Option Agreement otherwise provides, the option and all rights granted under this Option Agreement shall not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise), and shall not be subject to execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of such option or of such rights contrary to the provisions in this Option Agreement, or upon the levy of any attachment or similar process upon such option or such rights, such option and such rights shall immediately become null and void.

LIMITATIONS UPON TRANSFER OF OPTION. During the lifetime of OptioneeEmployee, the option and all rights granted in this Option Agreement shall be exercisable only by the OptioneeEmployee, and except as Section 1.8(e) of this Option Agreement otherwise provides, the option and all rights granted under this Option Agreement shall not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise), and shall not be subject to execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of such option or of such rights contrary to the provisions in this Option Agreement, or upon the levy of any attachment or similar process upon such option or such rights, such option and such rights shall immediately become null and void.

LIMITATIONS UPON TRANSFER OF OPTION. During the lifetime of OptioneeEmployee, the option and all rights granted in this Option Agreement shall be exercisable only by the OptioneeEmployee, and except as Section 1.8(e1.8(f) of this Option Agreement otherwise provides, the option and all rights granted under this Option Agreement shall not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise), and shall not be subject to execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of such option or of such rights contrary to the provisions in this Option Agreement, or upon the levy of or any attachment or similar process upon such option or such rights, such option and such rights shall immediately become null and void.

LIMITATIONS UPON TRANSFER OF OPTION. During the lifetime of Optionee, the option and all rights granted in this Option Agreement shall be exercisable only by the Optionee, and except as Section 1.8(e1.8(f) of this Option Agreement otherwise provides, the option and all rights granted under this Option Agreement shall not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise), and shall not be subject to execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of such option or of such rights contrary to the provisions in this Option Agreement, or upon the levy of or any attachment or similar process upon such option or such rights, such option and such rights shall immediately become null and void.