Non-Assignability of Options. Except as set forth in Section 12 hereof, the Options shall not be given, granted, sold, exchanged, transferred, pledged, assigned or otherwise encumbered or disposed of by Optionee and shall be exercisable only by Optionee or its agent or attorney-in-fact.
Non-Assignability of Options. The Options shall not be given, granted, sold, exchanged, transferred, pledged, assigned or otherwise encumbered or disposed of by Executive, excepting by Will or the laws of descent and distribution, and, during the lifetime of Executive, shall not be exercisable by any other person, but only by Executive.
Non-Assignability of Options. Except as may otherwise be specifically provided by the Committee, no Non-Qualified Stock Option shall be assignable or transferable by the recipient except by will or by the laws of descent and distribution. During the lifetime of a recipient, except as may otherwise be specifically provided by the Committee, Non-Qualified Stock Options shall be exercisable only by such recipient. If the Committee approves provisions in any particular case allowing for assignment or transfer of a Non-Qualified Stock Option, then such option will nonetheless be subject to a six-month holding period commencing on the date of grant during which period the recipient will not be permitted to assign or transfer such option, unless the Committee further specifically provides for the assignability or transferability of such option during this period.
Non-Assignability of Options. The option granted hereunder shall be ----------------------------- exercisable only by Grantee. The option granted hereunder 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 execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of said option or of any right or privilege conferred hereby contrary to the provisions hereof, or upon the levy of any attachment or similar process upon the rights and privileges conferred hereby, said option and the rights and privileges conferred hereby shall immediately terminate.
Non-Assignability of Options. 10.1 The options granted under the Plan are granted "intuitu personae" and may not be sold, be transferred or be assigned as security by their holders except with the prior approval of the Board; any such sale, transfer or assignment of the options granted pursuant to the Plan without approval of the Board shall consequently render null and void such options.
Non-Assignability of Options. The Option will not be transferable or assignable (whether absolutely or by way of mortgage, pledge or other charge) by the Optionee other than by will or other testamentary instrument or the laws of succession except, with the consent of the Company, to a corporation, the shares of which are wholly-owned by the Optionee, and may be exercisable during the lifetime of the Optionee only by the Optionee.
