Common use of Non-Assignability of Option Clause in Contracts

Non-Assignability of Option. This Option may be exercised only by the Optionee and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way (whether by operation of law or otherwise)without the Company's prior written consent except that Optionee may, solely in connection with a transfer of all or substantially all of his assets to an entity or entities controlled by Optionee ("Affiliate"), sell, transfer or assign all its interest in this Agreement to such Affiliate but only after giving the Company at least thirty days notice in writing of the proposed sale, transfer or assignment. Any buyer, transferee, or assignee of this Option shall be bound by and subject to each and every provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way (whether by operation of law or otherwise).

Non-Assignability of Option. This Option may be exercised only by the Optionee and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way (whether by operation of law or otherwise)without otherwise) without the Company's prior written consent except that Optionee may, solely in connection with a transfer of all or substantially all of his its assets to an entity or entities controlled by Optionee ("Affiliate"), sell, transfer or assign all its interest in this Agreement to such Affiliate but only after giving the Company at least thirty ten (10) days notice in writing of the proposed sale, transfer or assignment. Any buyer, transferee, or assignee of this Option shall be bound by and subject to each and every provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way (whether by operation of law or otherwise).

Non-Assignability of Option. This The Option may be exercised only by the Optionee and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way (whether by operation of law or otherwise)without otherwise) without the Company's prior written consent except that Optionee may, solely in connection with a transfer of all or substantially all of his its assets to an entity or entities controlled by Optionee ("Affiliate"), sell, transfer or assign all its interest in this Agreement to such Affiliate but only after giving the Company at least thirty ten (10) days notice in writing of the proposed sale, transfer or assignment. Any buyer, transferee, or assignee of this Option shall be bound by and subject to each and every provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way (whether by operation of law or otherwise).

Non-Assignability of Option. This Option may be exercised only by the Optionee and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way (whether by operation of law or otherwise)without the Company's prior written consent except that Optionee may, solely in connection with a transfer of all or substantially all of his assets to an entity or entities controlled by Optionee ("AffiliateOptionee("Affiliate"), sell, transfer or assign all its interest in this Agreement to such Affiliate but only after giving the Company at least thirty days notice in writing of the proposed sale, transfer or assignment. Any buyer, transferee, or assignee of this Option shall be bound by and subject to each and every provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way (whether by operation of law or otherwise).

Non-Assignability of Option. This Option may be exercised only by the Optionee and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way (whether by operation of law or otherwise)without otherwise) without the Company's prior written consent except that Optionee may, solely in connection with a transfer of all or substantially all of his assets to an entity or entities controlled by Optionee ("Affiliate"), sell, transfer or assign all its interest in this Agreement to such Affiliate but only after giving the Company at least thirty days notice in writing of the proposed sale, transfer or assignment. Any buyer, transferee, or assignee of this Option shall be bound by and subject to each and every provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way (whether by operation of law or otherwise).

Non-Assignability of Option. This Option may be exercised only by the Optionee and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way (whether by operation of law or otherwise)without otherwise) without the Company's prior written consent except that Optionee may, solely in connection with a transfer of all or substantially all of his assets to an entity or entities controlled by Optionee ("Affiliate"), sell, transfer or assign all its interest in this Agreement to such Affiliate but only after giving the Company at least thirty days notice in writing of the proposed sale, transfer or assignment. Any buyer, transferee, or assignee of this Option shall be bound by and subject to each and every provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way (whether by operation of law or otherwise).

Non-Assignability of Option. This Option may be exercised only by the Optionee and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way (whether by operation of law or otherwise)without otherwise) without the Company's prior written consent except that Optionee may, solely in connection with a transfer of all or substantially all of his its assets to an entity or entities controlled by Optionee ("Affiliate"), sell, transfer or assign all its interest in this Agreement to such Affiliate but only after giving the Company at least thirty sixty (60) days notice in writing of the proposed sale, transfer or assignment. Any buyer, transferee, or assignee of this Option shall be bound by and subject to each and every provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way (whether by operation of law or otherwise).

Non-Assignability of Option. This Option may be exercised only by the each Optionee and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way way, (whether by operation of law or otherwise)without the Company's prior written consent otherwise), except that each Optionee may, solely in connection with a transfer of all or substantially all of his assets to an entity or entities controlled by Optionee ("Affiliate"), may sell, transfer or assign all its interest in this Agreement to such Affiliate a third party controlling , controlled by or under common control with Optionees but only after giving the Company at least thirty days notice in writing of the proposed sale, transfer or assignmentassignment and in case of assignment as mentioned at clause l, last sentence, and clause 7. Any buyer, transferee, or assignee of this Option shall be bound by and subject to each and every provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way anyway (whether by operation of law or otherwise).

Non-Assignability of Option. This Option These Options may be exercised only by the Optionee Optionees and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way (whether by operation of law or otherwise)without otherwise) without the Company's prior written consent except that an Optionee may, solely in connection with a transfer of all or substantially all of his assets to an entity or entities controlled by such Optionee ("Affiliate"), sell, transfer or assign all its his interest in this Agreement to such Affiliate but only after giving the Company at least thirty days notice in writing of the proposed sale, transfer or assignment. Any buyer, transferee, or assignee of this Option shall be bound by and subject to each and every provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way (whether by operation of law or otherwise).

Non-Assignability of Option. This Option may be exercised only by the Optionee and shall not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of in any way (whether wheter by operation of law or otherwise)without otherwise) without the Company's prior written consent except that Optionee may, solely in connection with a transfer of all or substantially all of his assets to an entity or entities controlled by Optionee ("Affiliate"), sell, transfer or assign all its interest in this Agreement to such Affiliate but only after giving the Company at least thirty days notice in writing of the proposed sale, transfer or assignment. Any buyer, transferee, or assignee of this Option shall Shall be bound by and subject to each and every very provision of this Agreement and shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose of the Option in any way (whether by operation of law or otherwise).