Common use of Limited Transferability Clause in Contracts

Limited Transferability. (a) During Optionee’s lifetime, this option shall be exercisable only by Optionee and shall not be assignable or transferable other than by will, by the laws of descent and distribution following the Optionee’s death, or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transfer. This assigned portion may only be exercised by the person or persons who acquire a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Company may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s will or the laws of inheritance. However, Optionee may designate one or more persons as the beneficiary or beneficiaries of this option, and this option shall, in accordance with such designation, automatically be transferred to such beneficiary or beneficiaries upon Optionee’s death while holding this option. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 5, be exercised following Optionee’s death.

Limited Transferability. (a) During This option may be assigned in whole or in part during Optionee’s lifetime, this option shall be exercisable only by Optionee and shall not be assignable or transferable other than by will, by the laws of descent and distribution following the Optionee’s death, or lifetime to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transfera Living Trust. This The assigned portion may only be exercised by the person or persons who acquire a proprietary interest in the option pursuant to the assignmentLiving Trust. The terms applicable to the assigned portion shall be the same as those in effect for this the option immediately prior to such assignment and shall be set forth in such documents issued to be executed by the assignee Optionee and the Living Trust as the Company Corporation may deem appropriate. (b) Should Optionee die while holding this optionExcept for the limited transferability provided under Paragraph 3(a), then this option shall be transferred in accordance with Optionee’s neither transferable nor assignable by Optionee other than by will or the laws of inheritanceinheritance following Optionee’s death and may be exercised, during Optionee’s lifetime, only by Optionee. However, Optionee may designate one or more persons as the beneficiary or beneficiaries of this option by completing the Corporation’s Universal Beneficiary Designation form and filing the completed form with the Corporation’s Human Resources Department. Should Optionee file such Universal Beneficiary Designation form and die while holding this option, and then this option shall, in accordance with such designation, shall automatically be transferred to such the designated beneficiary or beneficiaries upon Optionee’s death while holding this optionbeneficiaries. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 5Xxxxxxxxx 0 xxxxx, be xx exercised following Optionee’s death.

Limited Transferability. (a) During Optionee’s lifetime, this This option shall be exercisable only neither transferable nor assignable by Optionee and shall not be assignable or transferable other than by will, by the laws of descent and distribution following the Optionee’s death, or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transfer. This assigned portion may only be exercised by the person or persons who acquire a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Company may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with inheritance following Optionee’s will or the laws of inheritancedeath and may be exercised, during Optionee’s lifetime, only by Optionee. However, Optionee may designate one or more persons as the beneficiary or beneficiaries of this option, and this option shall, in accordance with such designation, automatically be transferred to such beneficiary or beneficiaries upon the Optionee’s death while holding this option. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 5, be exercised following Optionee’s death. (b) If this option is designated a Non-Statutory Option in the Grant Notice, then this option may be assigned in whole or in part during Optionee’s lifetime to the Optionee’s family members as a gift, whether directly or indirectly, or by means of a trust or partnership or otherwise, or pursuant to a qualified domestic relations order as defined in the Code or Title 1 of the Employee Retirement Income Security Act of 1974, as amended, provided, that, if the Corporation is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, then as otherwise permitted pursuant to General Instructions A.1(a)(5) to Form S-8 under the Securities Act of 1933, as amended, or any successor thereto. For purposes of this Agreement, unless otherwise determined by the Plan Administrator, "family member" shall have the meaning given to such term in Rule 701 promulgated under the Securities Act, provided, that, if the Corporation is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, then it shall have the meaning given to such term in General Instructions A.1(a)(5) to Form S-8 under the Securities Act of 1933, as amended, or any successor thereto. The assigned portion shall be exercisable only by the person or persons who acquire a proprietary interest in the option pursuant to such assignment. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment.

Limited Transferability. (a) During Optionee’s lifetime, this option This Option shall be exercisable only neither transferable nor assignable by Optionee and shall not be assignable or transferable other than by will, by the laws of descent and distribution following the Optionee’s death, or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution following Optionee's death and may be exercised, during Optionee's lifetime, only by Optionee. However, if this Option is designated a Non- Statutory Option in the Company receives written notice Grant Notice, then this Option may, (i) in connection with the Optionee's estate plan, be assigned in whole or in part during Optionee's lifetime to one or more members of the Optionee's Immediate Family or to a trust established for the exclusive benefit of the Optionee and/or one or more such transferfamily members or (ii) be assigned in whole or in part to the Optionee's former spouse pursuant to a domestic relations order. This The assigned portion may shall be exercisable only be exercised by the person or persons who acquire a proprietary interest in the option Option pursuant to the such assignment. The terms applicable to the assigned portion shall be the same as those in effect for this option Option immediately prior to such assignment and shall be set forth in such documents issued to assignment. Notwithstanding the assignee as foregoing, the Company may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s will or the laws of inheritance. However, Optionee may also designate one or more persons as the beneficiary or beneficiaries of his or her outstanding options under this optionArticle Two, and this option those options shall, in accordance with such designation, automatically be transferred to such beneficiary or beneficiaries upon the Optionee’s 's death while holding this optionthose options. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this the option may, pursuant to Paragraph 5, may be exercised following the Optionee’s 's death.

Limited Transferability. (a) During a. This option may be assigned in whole or in part during Optionee’s lifetime's lifetime to a revocable living trust established for the exclusive benefit of Optionee or the Optionee and his or her spouse, this option to the extent such assignment is in connection with the Optionee's estate plan. The assigned portion shall be exercisable only by Optionee and shall not be assignable or transferable other than by will, by the laws of descent and distribution following the Optionee’s death, or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transfer. This assigned portion may only be exercised by the person or persons who acquire acquires a proprietary interest in the this option pursuant to the such assignment. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment and shall be set forth in such documents issued to be executed by the assignee as the Company may deem Corporation deems appropriate. (b) b. Should the Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s 's will or the laws of inheritance. However, Optionee may designate one or more persons as the beneficiary or beneficiaries of this option, and this option shall, in accordance with such designation, automatically be transferred to such beneficiary or beneficiaries upon the Optionee’s 's death while holding this option. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of the stock option agreement evidencing this Agreementoption, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 5, be maybe exercised following Optionee’s 's death. c. Except for the limited transferability provided by the foregoing, this option shall not be assignable or transferable and shall be exercisable only by the Optionee during his or her lifetime.

Limited Transferability. The following provisions shall govern the transferability of this option: (a) During This option may be assigned in whole or in part during Optionee’s lifetimelifetime to one or more members of Optionee’s Immediate Family or to a trust established for the Optionee and/or one or more Immediate Family members, this option shall be exercisable only by Optionee and shall not be assignable or transferable other than by will, provided such assignment constitutes a gratuitous transfer by the laws of descent and distribution following the Optionee’s death, Optionee for which no consideration is directly or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transferindirectly received. This The assigned portion may only be exercised by the person or persons who acquire acquires a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for this the option immediately prior to such assignment and shall be set forth in such documents issued to be executed by the Optionee and the assignee as the Company Corporation may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s will or the laws of inheritance. However, Optionee may also designate one or more persons as the beneficiary or beneficiaries of this option. Should Optionee die while holding this option, and this then the option shallshall be, in accordance with such designation, automatically be transferred to such beneficiary or beneficiaries upon the Optionee’s death while holding this optiondeath. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 55 below, be exercised following Optionee’s death.

Limited Transferability. The following provisions shall govern the transferability of this option: (a) During This option may be assigned in whole or in part during Optionee’s lifetimelifetime to one or more members of Optionee’s Immediate Family or to a trust established for Optionee and/or one or more Immediate Family members, this option shall be exercisable only provided such assignment constitutes a gratuitous transfer by Optionee and shall not be assignable for which no consideration is directly or transferable other than by will, by the laws of descent and distribution following the Optionee’s death, or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transferindirectly received. This The assigned portion may only be exercised by the person or persons who acquire acquires a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for this the option immediately prior to such assignment and shall be set forth in such documents issued to be executed by Optionee and the assignee as the Company Corporation may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s will or the laws of inheritance. However, Optionee may also designate one or more persons as the beneficiary or beneficiaries of this option. Should Optionee die while holding this option, and this then the option shallshall be, in accordance with such designation, automatically be transferred to such beneficiary or beneficiaries upon Optionee’s death while holding this optiondeath. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 5Xxxxxxxxx 0 xxxxx, be xx exercised following Optionee’s death.

Limited Transferability. The following provisions shall govern the transferability of this option: (a) During This option may be assigned in whole or in part during Optionee’s lifetimelifetime to one or more members of Optionee’s Immediate Family or to a trust established for the Optionee and/or one or more Immediate Family members, this option shall be exercisable only by Optionee and shall not be assignable or transferable other than by will, provided such assignment constitutes a gratuitous transfer by the laws of descent and distribution following the Optionee’s death, Optionee for which no consideration is directly or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transferindirectly received. This The assigned portion may only be exercised by the person or persons who acquire acquires a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for this the option immediately prior to such assignment and shall be set forth in such documents issued to be executed by the Optionee and the assignee as the Company Corporation may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s will or the laws of inheritance. However, Optionee may also designate one or more persons as the beneficiary or beneficiaries of this option. Should Optionee die while holding this option, and this then the option shall, in accordance with such designation, be automatically be transferred to such beneficiary or beneficiaries upon the Optionee’s death while holding this optiondeath. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 5Xxxxxxxxx 0 xxxxx, be xx exercised following Optionee’s death.

Limited Transferability. (a) During This option may be assigned in whole or in part during Optionee’s lifetime, this option 's lifetime pursuant to a domestic relations order or to one or more members of Optionee's immediate family or to a trust established exclusively for Optionee and/or one or more such family members. The assigned portion shall be exercisable only by Optionee and shall not be assignable or transferable other than by will, by the laws of descent and distribution following the Optionee’s death, or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transfer. This assigned portion may only be exercised by the person or persons who acquire a proprietary interest in the option pursuant to the such assignment. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Company Corporation may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s 's will or the laws of inheritance. However, Optionee may designate one or more persons as the beneficiary or beneficiaries of this option, and this option shall, in accordance with such designation, automatically be transferred to such beneficiary or beneficiaries upon Optionee’s 's death while holding this such option. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 5, be exercised following Optionee’s 's death.

Limited Transferability. The following provisions shall govern the transferability of this option: (a) During This option may be assigned in whole or in part during Optionee’s lifetime's lifetime to one or more members of Optionee's Immediate Family or to a trust established for the Optionee and/or one or more Immediate Family members, this option shall be exercisable only by Optionee and shall not be assignable or transferable other than by will, provided such assignment constitutes a gratuitous transfer by the laws of descent and distribution following the Optionee’s death, Optionee for which no consideration is directly or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transferindirectly received. This The assigned portion may only be exercised by the person or persons who acquire acquires a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for this the option immediately prior to such assignment and shall be set forth in such documents issued to be executed by the Optionee and the assignee as the Company Corporation may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s will or the laws of inheritance. However, Optionee may also designate one or more persons as the beneficiary or beneficiaries of this option. Should Optionee die while holding this option, and this then the option shall, in accordance with such designation, be automatically be transferred to such beneficiary or beneficiaries upon the Optionee’s death while holding this option's death. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 5Xxxxxxxxx 0 xxxxx, be xx exercised following Optionee’s 's death.

Limited Transferability. The following provisions shall govern the transferability of the option: (a) During The option may be assigned in whole or in part during Optionee’s lifetimelifetime to one or more members of Optionee’s Immediate Family or to a trust established for the Optionee and/or one or more Immediate Family members, this option shall be exercisable only by Optionee and shall not be assignable or transferable other than by will, provided such assignment constitutes a gratuitous transfer by the laws of descent and distribution following the Optionee’s death, Optionee for which no consideration is directly or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transferindirectly received. This The assigned portion may only be exercised by the person or persons who acquire acquires a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for this the option immediately prior to such assignment and shall be set forth in such documents issued to be executed by the Optionee and the assignee as the Company Corporation may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s will or the laws of inheritance. However, Optionee may also designate one or more persons as the beneficiary or beneficiaries of this the option. Should Optionee die while holding the option, and this then the option shall, in accordance with such designation, be automatically be transferred to such beneficiary or beneficiaries upon the Optionee’s death while holding this optiondeath. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this the option may, pursuant to Paragraph 5Xxxxxxxxx 0 xxxxx, be xx exercised following Optionee’s death.

Limited Transferability. (a) During Optionee’s lifetimeExcept as set forth in Paragraph 3(b), this option shall be exercisable only neither assignable nor transferable by Optionee and shall not be assignable or transferable other than by will, by the laws of descent and distribution following the Optionee’s death, or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution and the Company receives written notice of such transfer. This assigned portion may only be exercised by the person or persons who acquire a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Company may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with inheritance following Optionee’s will or death and may be exercised, during Optionee’s lifetime, only by Optionee. Notwithstanding the laws of inheritance. Howeverforegoing, Optionee may designate one or more persons as the beneficiary or beneficiaries of this option, and this option shall, in accordance with such designation, automatically be transferred to such beneficiary or beneficiaries upon Optionee’s death while holding this option. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this option may, pursuant to Paragraph 5, be exercised following Optionee’s death. (b) If this option is designated a Non-Statutory Option in the Grant Notice, then this option may be assigned in whole or in part during Optionee’s lifetime only to one or more members of Optionee’s immediate family or to a trust established exclusively for one or more such family members or to Optionee’s former spouse, to the extent such assignment is in connection with Optionee’s estate plan or pursuant to a domestic relations order. This assigned portion may only be exercised by the person or persons who acquire a proprietary interest in the option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for this option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Company may deem appropriate.

Limited Transferability. (a) During Optionee’s lifetime, this option This Option shall be exercisable only neither transferable nor assignable by Optionee and shall not be assignable or transferable other than by will, by the laws of descent and distribution following the Optionee’s death, or to any “Family Member” (as such term is defined in the General Instructions to Form S-8 (or any successor to such Instructions or such Form) under the Securities Act), provided that Optionee may not receive any consideration for such transfer, the Family Member may not make any subsequent transfers other than by will or by the laws of descent and distribution following Optionee's death and may be exercised, during Optionee's lifetime, only by Optionee. However, if this Option is designated a Non-Statutory Option in the Company receives written notice Grant Notice, then this Option may, (i) in connection with the Optionee's estate plan, be assigned in whole or in part during Optionee's lifetime to one or more members of the Optionee's Immediate Family or to a trust established for the exclusive benefit of the Optionee and/or one or more such transferfamily members or (ii) be assigned in whole or in part to the Optionee's former spouse pursuant to a domestic relations order. This The assigned portion may shall be exercisable only be exercised by the person or persons who acquire a proprietary interest in the option Option pursuant to the such assignment. The terms applicable to the assigned portion shall be the same as those in effect for this option Option immediately prior to such assignment and shall be set forth in such documents issued to assignment. Notwithstanding the assignee as foregoing, the Company may deem appropriate. (b) Should Optionee die while holding this option, then this option shall be transferred in accordance with Optionee’s will or the laws of inheritance. However, Optionee may also designate one or more persons as the beneficiary or beneficiaries of his or her outstanding options under this optionArticle Two, and this option those options shall, in accordance with such designation, automatically be transferred to such beneficiary or beneficiaries upon the Optionee’s 's death while holding this optionthose options. Such beneficiary or beneficiaries shall take the transferred option subject to all the terms and conditions of this Agreement, including (without limitation) the limited time period during which this the option may, pursuant to Paragraph 5, may be exercised following the Optionee’s 's death.