Common use of Nontransferability of Options Clause in Contracts

Nontransferability of Options. These Options are nontransferable otherwise than by will or the laws of descent and distribution and during the lifetime of the Optionee, the Options may be exercised only by the Optionee or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Nontransferability of Options. These Options are nontransferable otherwise than by will or the laws of descent and distribution and during distribution, or as otherwise permitted by the Administrator, in its sole discretion, to certain Permitted Transferees as defined below. During the lifetime of the Optionee, the Options may be exercised only by the Optionee Optionee, by such permitted transferees or, during the period the Optionee is under a legal disability, by the Optionee’s 's guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.and

Nontransferability of Options. These The Options are nontransferable otherwise than not assignable or transferable except by will or by the applicable laws of descent and distribution and distribution. The Options are exercisable during the Optionee’s lifetime of the Optionee, the Options may be exercised only by the Optionee or, during or in the period case of Disability (as defined in the Optionee is under a legal disabilityEmployment Agreement), by the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar processguardian.

Nontransferability of Options. These The Options are nontransferable otherwise than and may be exercised only by Optionee except that (a) upon the death of the Optionee, vested Options may be transferred by will or the laws of descent and distribution and during the lifetime of the Optionee, the Options may be exercised only by the Optionee or, during the period or (b) if the Optionee is under a legal disability, by the vested Options may be transferred to the Optionee’s 's guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Nontransferability of Options. These Options are nontransferable otherwise than by will or the laws of descent and distribution and during the lifetime of the Optioneeyour lifetime, the Options may be exercised only by the Optionee you or, during the period the Optionee is you are under a legal disability, by the Optionee’s your guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Nontransferability of Options. These Options are The Option is nontransferable otherwise by the Optionee other than by will or the laws of descent and distribution and distribution, and, during the lifetime of the an Optionee, the Options Option may be exercised only by the Optionee or, during the period the Optionee is under a legal disability, or by the Optionee’s 's guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Nontransferability of Options. These The Options are nontransferable otherwise than and may be exercised only by Optionee except that (a) upon the death of the Optionee, vested Options may be transferred by will or the laws of descent and distribution and during the lifetime of the Optionee, the Options may be exercised only by the Optionee or, during the period or (b) if the Optionee is under a legal disability, by the vested Options may be transferred to the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Nontransferability of Options. These Options are nontransferable otherwise Except as set forth in the Plan, (i) during the lifetime of the Optionee, only the Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s guardian or legal representative) may exercise the Option, and (ii) no Option shall be assignable or transferable by the Optionee, other than by will or the laws of descent and distribution and during the lifetime of the Optionee, the Options may be exercised only by the Optionee or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar processdistribution.

Nontransferability of Options. These The Options are nontransferable otherwise than not assignable or transferable except by will or by the applicable laws of descent and distribution and distribution. The Options are exercisable during the Optionee’s lifetime of the Optionee, the Options may be exercised only by the Optionee or, during or in the period the Optionee is under a legal disabilitycase of Disability, by the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar processguardian.

Nontransferability of Options. These Options are nontransferable otherwise than by will or the laws of descent and distribution and during the lifetime of the Optionee’s lifetime, the Options may be exercised only by the Optionee or, during the period in which the Optionee is under a legal disability, by the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.