Common use of Non-Assignability of Option Clause in Contracts

Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by the Committee in its discretion pursuant to the terms of the Plan. During the life of the Optionee, this Option shall be exercisable only by him or her, by a conservator or guardian duly appointed for him or her by reason of the Optionee’s incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s counsel.

Non-Assignability of Option. This Unless otherwise permitted by the Administrator, the Option shall not be assignable or otherwise transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by distribution. The Option may not be exercised during the Committee in its discretion pursuant to the terms lifetime of the Plan. During the life of the OptioneeOptionee except by him, this Option shall be exercisable only by him his guardian or her, by a conservator or guardian duly appointed for him or her by reason of the Optionee’s incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s counsellegal representative.

Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by the Committee in its discretion pursuant to the terms of the Plandistribution. During the life of the Optionee, this Option shall be exercisable only by him or herhim, by a conservator or guardian duly appointed for him or her by reason of the Optionee’s 's incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s 's counsel.

Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by the Committee in its discretion pursuant to the terms third sentence of Section 5(h) of the Plan. During the life of the Optionee, this Option shall be exercisable only by him or herhim, by a conservator or guardian duly appointed for him or her by reason of the Optionee’s 's incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s 's counsel.

Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by the Committee in its discretion pursuant to the terms third sentence of Section 5(h) of the Plan. During the life of the Optionee, this Option shall be exercisable only by him or herhim, by a conservator or guardian duly appointed for him or her by reason of the Optionee’s incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s counsel.

Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by the Committee or the Board in its discretion pursuant to the terms of the Plan. During the life of the Optionee, this Option shall be exercisable only by him or her, by a conservator or guardian duly appointed for him or her by reason of the Optionee’s 's incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s 's counsel.

Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by the Committee or the Board in its discretion pursuant to the terms of the Plan. During the life of the Optionee, this Option shall be exercisable only by him or her, by a conservator or guardian duly appointed for him or her by reason of the Optionee’s incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s counsel.

Non-Assignability of Option. During the life of the Optionee, this Option shall be exercisable only by him, by a conservator or guardian duly appointed for him by reason of the Optionee’s incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s counsel. This Option shall not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by the Committee in its discretion pursuant to the terms third sentence of Section 5(i) or Section 6 of the Plan. During the life of the Optionee, this Option shall be exercisable only by him or her, by a conservator or guardian duly appointed for him or her by reason of the Optionee’s incapacity or by the person appointed by the Optionee in a durable power of attorney acceptable to the Company’s counsel.

Non-Assignability of Option. This Option shall not be assignable or transferable by the Optionee except by will or by the laws of descent and distribution or as permitted by the Committee in its discretion pursuant to the terms of the Plandistribution. During the life of the Optionee, this Option shall be exercisable only by him him, or her, by a conservator or guardian duly appointed for him or her by reason of the Optionee’s incapacity his incapacity, or by the person appointed by the Optionee in a durable power Durable Power of attorney Attorney acceptable to the Company’s 's counsel.