Common use of Non-Transferability of Stock Options Clause in Contracts

Non-Transferability of Stock Options. This Stock Option is not ------------------------------------ assignable or transferable by the Participant other than by will or the laws of descent and distribution, or pursuant to a qualified domestic relations order as defined by the Internal Revenue Code of 1986, as amended, or the Employee Retirement Income Security Act of 1974, as amended, or the regulations thereunder.