Common use of Nontransferability of Options Clause in Contracts

Nontransferability of Options. No option may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant otherwise than by will or the laws of descent and distribution, and during the lifetime of the Participant to whom an option is granted it may be exercised only by the Participant or by the Participant's guardian or legal representative. Notwithstanding the foregoing, options may be transferred pursuant to a qualified domestic relations order.

Nontransferability of Options. No option This Option may not be sold, assigned, alienatedtransferred, pledged, attached, sold pledged or otherwise transferred or encumbered by a Participant otherwise than the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and and, during the lifetime of the Participant to whom an option is granted it may Participant, this Option shall be exercised exercisable only by the Participant or by the Participant's guardian or legal representative. Notwithstanding the foregoing, options may be transferred pursuant to a qualified domestic relations order.

Nontransferability of Options. No option Options may not be sold, assigned, alienatedtransferred, pledged, attached, sold pledged or otherwise transferred or encumbered by a Participant otherwise than the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and and, during the lifetime of the Participant to whom an option is granted it may Participant, Options shall be exercised exercisable only by the Participant or by the Participant's guardian or legal representative. Notwithstanding the foregoing, options may be transferred pursuant to a qualified domestic relations order.

Nontransferability of Options. No option Options may not be sold, assigned, alienatedtransferred, pledged, attached, sold pledged or otherwise transferred or encumbered by a Participant otherwise than the Participant, either voluntarily or by will or operation of law, except by will, the laws of descent and distribution, and or as otherwise provided by the Plan, and, during the lifetime of the Participant to whom an option is granted it may Participant, Options shall be exercised exercisable only by the Participant or by the Participant's guardian or legal representative. Notwithstanding the foregoing, options may be transferred pursuant to a qualified domestic relations order.