Common use of Nontransferability of Option Clause in Contracts

Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s 's guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Incentive Option granted pursuant to evidenced by this Agreement is not transferable other than by will or by will, and the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)distribution. The Incentive Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s 's legal representative in the event of Optionee’s Disability's disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability's guardian or Personal Representative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s 's legal representative in the event of Optionee’s 's Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during OptioneeParticipant’s lifetime only by Optionee Participant or by OptioneeParticipant’s guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of OptioneeParticipant.

Nontransferability of Option. The Option granted pursuant to this Option Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)order. The Option will be exercisable during Optionee’s Participant's lifetime only by Optionee Participant or by Optionee’s Participant's guardian or legal representative in the event of Optionee’s Disabilityrepresentative. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of OptioneeParticipant.

Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)distribution. The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during OptioneeParticipant’s lifetime only by Optionee Participant or by OptioneeParticipant’s legal representative in the event of OptioneeParticipant’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of OptioneeParticipant.

Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by will, the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p414(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s 's lifetime only by Optionee or by Optionee’s 's legal representative in the event of Optionee’s 's Disability. No no right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.

Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by will or by the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code)distribution. The Option will be exercisable during Optionee’s lifetime only by Optionee or by Optionee’s legal representative in the event of Optionee’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee.