NO TRANSFER OR ASSIGNMENT OF OPTION. This Option and the rights and privileges conferred hereby shall not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of this option, or of any right or privilege conferred hereby, contrary to the provisions of this Agreement, or upon any attempted sale under any execution, attachment, or similar process upon the rights and privileges conferred hereby, this Option and the rights and privileges conferred hereby shall immediately become null and void.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement, this option and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement or as permitted by the Plan, this Option, and any interest therein, shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process.
NO TRANSFER OR ASSIGNMENT OF OPTION. This option and the rights and privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated (whether by operation of law or otherwise), except set forth in Section 12(a) of the Plan, and shall not be subject to execution, attachment or other similar process.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement with respect to NQSOs only, this option and the rights and privileges conferred by this Agreement may not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and are not subject to sale under execution, attachment, levy or similar process. The terms of the Plan and this Agreement are binding upon the executors, administrators, heirs, successors and assigns of the Optionee.
NO TRANSFER OR ASSIGNMENT OF OPTION. The Option shall be non-transferable except by will or the laws of descent and distribution and shall be exercisable during the Optionee's lifetime by the Optionee only.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement, this Agreement and the rights and privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Agreement, or of any right or privilege conferred hereby, contrary to the provisions hereof, or upon any attempted sale under any execution, attachment or similar process upon the rights and privileges conferred hereby, this Agreement and the rights and privileges conferred hereby shall immediately become null and void. This option may be transferred by Optionee only by will, the laws of descent and distribution, or by a qualified domestic relations order as defined in the Code, and during his lifetime, may be exercised only by Optionee, his guardian or legal representative, or the beneficiaries of such qualified domestic relations order.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided in this Agreement, this option and the rights and privileges conferred hereby shall not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate, or otherwise dispose of this option, or of any right or privilege conferred hereby, contrary to the provisions of this Agreement, or upon any attempted sale under any execution, attachment, or similar process upon the rights and privileges conferred hereby, this option and the rights and privileges conferred hereby shall immediately become null and void. Notwithstanding the foregoing, the Grantee may transfer this option in its entirety or any portion thereof at his death by will or by intestacy, or otherwise during his lifetime to the Grantee's children and immediate family members, whether directly or indirectly, or by means of a trust or partnership or otherwise.
NO TRANSFER OR ASSIGNMENT OF OPTION. (a) Except as provided in (c) below, this option and the rights and privileges conferred hereby shall be exercisable only by the optionee during the optionee’s lifetime, or by the person to whom the optionee’s rights shall pass by will or the laws of descent and distribution. Notwithstanding anything in the Plan to the contrary, this option and the rights and privileges conferred hereby shall be transferable pursuant to a domestic relations order.
NO TRANSFER OR ASSIGNMENT OF OPTION. Except as otherwise provided by the Company and except in the case of transfer by xxxxx or the laws of descent and distribution or pursuant to a qualified domestic relations order, this option and the rights and privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated in any way and shall not be subject to sale under execution, attachment, levy or similar process. In considering an exception to this prohibition on transfer, the Company shall consider the registration limitation of SEC Form S-8 and on that basis may in its discretion determine whether to prohibit transferability, permit alternative registration, treat the underlying shares as SEC Rule 144 “restricted stock” or take such other measures as the Company deems appropriate.
