Common use of No Assignability Clause in Contracts

No Assignability. The Option is not assignable or transferable by the Executive, other than by will, by the laws of descent and distribution or pursuant to a qualified domestic relations order (as defined by the Internal Revenue Code of 1986, as amended, or Title I of the Employee Retirement Income Security Act of 1974, or the rules thereunder), and may be exercised during the lifetime of the Executive only by the Executive or, if the Executive becomes disabled, by her legal representative.

No Assignability. The Option is not assignable or transferable by the Executive, other than by will, by the laws of descent and distribution or pursuant to a qualified domestic relations relation, order (as defined by the Internal Revenue Code of 1986, as amended, or Title I of the Employee Retirement Income Security Act of 1974, or the rules thereunder), and may be exercised during the lifetime of the Executive only by the Executive or, if the Executive becomes disabled, by his or her legal representative.

No Assignability. The Option is not assignable or transferable by the Executive, other than by will, by the laws of descent and distribution or pursuant to a qualified domestic relations order (as defined by the Internal Revenue Code of 1986, as amended, or Title I of the Employee Retirement Income Security Act of 1974, or the rules thereunder), and may be exercised during the lifetime of the Executive only by the Executive or, if the Executive becomes disabled, by his or her legal representative.