Common use of Nontransferability of Options Clause in Contracts

Nontransferability of Options. This Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this Option shall be exercisable only by the Participant.

Nontransferability of Options. This The Option may not be sold, assigned, transferred, pledged or otherwise encumbered is nontransferable by the Participant, either voluntarily or by operation of law, except Participant other than by will or the laws of descent and distribution, and, during the lifetime of the a Participant, this the Option shall may be exercisable exercised only by the Participant or by the Participant’s guardian or legal representative.

Nontransferability of Options. This The Option may not be sold, assigned, transferred, pledged or otherwise encumbered is nontransferable by the Participant, either voluntarily or by operation of law, except Participant other than by will or the laws of descent and distribution, and, during the lifetime of the an Participant, this the Option shall may be exercisable exercised only by the Participant or by the Participant's guardian or legal representative.

Nontransferability of Options. This Except as specifically provided herein or in an Agreement, no Option may not or interest therein shall be sold, assigned, transferred, pledged or otherwise encumbered transferable by the Participant, either voluntarily or by operation of law, except Participant other than by will or by the laws of descent and distribution, and, during the lifetime of the Participant, this and an Option shall be exercisable during the Participant's lifetime only by the Participant.

Nontransferability of Options. This Except as specifically provided herein or in an Agreement, no Option may not or interest therein shall be sold, assigned, transferred, pledged or otherwise encumbered transferable by the Participant, either voluntarily or by operation of law, except Participant other than by will or by the laws of descent and distribution, and, during the lifetime of the Participant, this and an Option shall be exercisable during the Participant’s lifetime only by the Participant.

Nontransferability of Options. This Option Options may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or will, the laws of descent and distribution, or as otherwise provided by the Plan, and, during the lifetime of the Participant, this Option Options shall be exercisable only by the Participant.