Common use of Non-Transferability of Options Clause in Contracts

Non-Transferability of Options. The Options granted hereunder may not be transferred in any manner otherwise than by will or the laws of descent and distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/her. The terms of the Options granted hereunder shall be binding upon the executors, administrators, heirs and successors of the Optionee.

Non-Transferability of Options. The Options granted hereunder may not be transferred in any manner otherwise other than by will or by the laws of descent and or distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/her. The terms of the Options granted hereunder this Agreement shall be binding upon the executors, administrators, heirs heirs, successors and successors assigns of the Optionee.

Non-Transferability of Options. The These Options granted hereunder may not be transferred in any manner otherwise than by will or by the laws of descent and or distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/herOptionee. The terms of the Options granted hereunder Plan and this Option Agreement shall be binding upon the executors, administrators, heirs heirs, successors and successors assigns of the Optionee.

Non-Transferability of Options. The Options option granted hereunder may shall not be transferred in any manner transferable by Optionee otherwise than by will or the laws of descent and distribution distribution, or to Optionee and (other than in his wife by tenants by the event of the Optionee's death or incapacity) entireties and may be exercised during the lifetime of the Optionee only by him/her. The terms of the Options granted hereunder shall be binding upon the executors, administrators, heirs and successors of the Optionee.

Non-Transferability of Options. The These Options granted hereunder may not be transferred in any manner otherwise than by will or the laws of descent and or distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/herthe Optionee. The terms of the these Options granted hereunder shall be binding upon the executors, administrators, heirs heirs, successors and successors assigns of the Optionee.

Non-Transferability of Options. The Options granted hereunder may shall not be transferred in any manner otherwise than transferable or assignable except upon Optionee's death by will or the laws of descent and distribution and shall be exercisable, during Optionee's lifetime, only by Optionee; PROVIDED that Optionee shall be permitted to transfer the Options to members of his Family Group (other than as defined in the event of Stockholders Agreement) for estate planning purposes upon the Optionee's death or incapacity) may agreement in writing by the transferee to be exercised during bound by the lifetime of the Optionee only by him/her. The terms of the and conditions hereof, and any Options granted hereunder so transferred shall be binding upon exercisable by the executors, administrators, heirs transferee thereof in accordance with the terms and successors conditions of the Optioneethis Agreement .

Non-Transferability of Options. The Options granted hereunder may not be transferred in any manner otherwise other than by will or by the laws of descent and or distribution and (other than in the event of the Optionee's death or incapacity) may be exercised during the lifetime of the Optionee only by him/herthe Optionee. The terms of the Options granted hereunder this Agreement shall be binding upon the executors, administrators, heirs heirs, successors and successors assigns of the Optionee.