Common use of Non-Transferability Clause in Contracts

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the Optionee, only by the Optionee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; shall not be assignable by operation of law; and shall not be subject to execution, attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, or similar process upon the Option, shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the OptioneeEmployee, only by the OptioneeEmployee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, or similar process upon the Option, Option shall be null and void and without effect.

Non-Transferability. The Option Options shall not be transferable otherwise than by will or except to the laws of descent and distributionOptionee’s estate, and the Option Options may be exercised, exercised during the lifetime of the Optionee, only by the Optionee, or thereafter by its estate. More particularly (particularly, but without limiting the generality of the foregoing), the Option Options may not be assigned, transferred (except as provided above)transferred, pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option Options contrary to the provisions hereofthese provisions, and the levy of any execution, attachment, attachment or similar process upon on the OptionOptions, shall be null and void and without effectvoid.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the OptioneeDirector, only by the OptioneeDirector. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, or similar process upon the Option, Option shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or except to the laws of descent and distributionOptionee’s estate, and the Option may be exercised, exercised during the lifetime of the Optionee, only by the Optionee, or thereafter by its estate. More particularly (particularly, but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above)transferred, pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option contrary to the provisions hereofthese provisions, and the levy of any execution, attachment, attachment or similar process upon on the Option, shall be null and void and without effectvoid.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the OptioneeDirector, only by the OptioneeEmployee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, or similar process upon the Option, Option shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, ; and the Option may be exercised, during the lifetime of the Optionee, only by the Optioneehim or her. More particularly (but without limiting the generality of the foregoing), the Option option may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; shall not be assignable by operation of law; and shall not be subject to execution, attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the Option contrary to the provisions hereof, and or the levy of any execution, attachment, attachment or similar process upon the Option, shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the OptioneeHolder, only by the Optioneesuch Holder. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option contrary to the provisions hereof, and hereof or the levy of any execution, attachment, attachment or similar process upon the Option, Option shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the OptioneeDirector, only by the Optioneesuch Director. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option contrary to the provisions hereof, and hereof or the levy of any execution, attachment, attachment or similar process upon the Option, Option shall be null and void and without effect.

Non-Transferability. (a) The Option Options shall not be transferable otherwise than by will or except to the laws of descent and distributionOptionee’s estate, and the Option Options may be exercised, exercised during the lifetime of the Optionee, only by the Optionee, or thereafter by its estate. More particularly (particularly, but without limiting the generality of the foregoing), the Option Options may not be assigned, transferred (except as provided above)transferred, pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, attachment or similar process. . (b) Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option Options contrary to the provisions hereofthese provisions, and the levy of any execution, attachment, attachment or similar process upon on the OptionOptions, shall be null and void and without effectvoid.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the Optionee, only by the Optionee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided abovein Section 5(c) hereof), pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; law and shall not be subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, attachment or similar process upon the Option, shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the Optionee, only by the Optionee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided abovein Paragraph 5 hereof), pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; law and shall not be subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, attachment or similar process upon the Option, shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the Optionee, only by the Optionee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided abovein Paragraph 6 hereof), pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; law and shall not be subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, attachment or similar process upon the Option, shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the OptioneeEmployee, only by the Optioneesuch Employee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option contrary to the provisions hereof, and hereof or the levy of any execution, attachment, attachment or similar process upon the Option, Option shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent decent and distribution, and the Option may be exercised, during the lifetime of the OptioneeDirector, only by the OptioneeDirector. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, or similar process upon the Option, Option shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the OptioneeParticipant, may only be exercised by the OptioneeParticipant or his or her duly appointed legal representative. More particularly (particularly, but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, or similar processprocesses. Any attempted assignment, transfer, pledge, hypothecation, or other disposition distribution of the Option contrary to the provisions hereof, of this Agreement and the levy of any execution, attachment, or similar process upon the Option, Option shall be null and void and without effect.

Non-Transferability. The Option No option shall not be transferable otherwise than by will or the laws of descent and distributiondistribution in accordance with the provisions of Section 8, and the this Option may be exercised, during the lifetime of the OptioneeEmployee, only by the Optioneehim. More particularly (but without limiting the generality of the foregoing), the this Option may not be assigned, transferred (except as provided above), pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; law and shall not be subject to execution, attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the any Option contrary to the provisions hereof, and the levy of any execution, attachment, or similar process upon the Option, an Option shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the Optionee, only by the Optionee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, pledged or hypothecated in any way; , nor shall not it be assignable by operation of law; and shall not be law or subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, or similar process upon the Option, shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the Optionee, only by the Optionee. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided abovein Section 5 hereof), pledged, pledged or hypothecated in any way; , shall not be assignable by operation of law; law and shall not be subject to execution, attachment, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, hypothecation or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, attachment or similar process upon the Option, shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the OptioneeDirector, only by the OptioneeDirector. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; , shall not be assignable by operation of law; , and shall not be subject to execution, attachment, or similar process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the Option contrary to the provisions hereof, and the levy of any execution, attachment, or similar process upon the Option, Option shall be null and void and without effect.

Non-Transferability. The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the OptioneeParticipant, may only be exercised by the OptioneeParticipant or his or her duly appointed legal representative. More particularly (particularly, but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged, or hypothecated in any way; shall not be assignable by operation of law; way and shall not be subject to execution, attachment, or similar processprocesses. Any attempted assignment, transfer, pledge, hypothecation, or other disposition distribution of the Option contrary to the provisions hereof, of this Agreement and the levy of any execution, attachment, or similar process upon the Option, Option shall be null and void and without effect.