Common use of Option Non-Transferable Clause in Contracts

Option Non-Transferable. The Option shall not be transferable by the Optionee otherwise than by will, or by the laws of descent and distribution, and shall be exercised during the lifetime of the Optionee only by the Optionee. Neither the Option nor any interest therein may be transferred, sold, assigned, pledged or hypothecated by the Optionee during the Optionee's lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar process.

Option Non-Transferable. The Option shall not be transferable by the Optionee otherwise other than by will, will or by the laws of descent and distribution, and shall be exercised during . During the lifetime of Optionee, the Optionee Option shall be exercisable only by Optionee (or, if he becomes disabled or otherwise incapacitated, by the Optionee. Neither the Option nor any interest therein may guardian of his property or his duly appointed attorney in-fact) and shall not be transferred, sold, assigned, pledged assignable or hypothecated transferable by the Optionee during the Optionee's lifetimeand, whether by operation of law or otherwise, or be made subject to executionSection 6 hereof, attachment or similar processno other person shall acquire any rights in the Option.

Option Non-Transferable. The Option shall may not be transferable transferred by the Optionee otherwise or by operation of law other than by will, will or by the laws of descent and distribution, and shall . It may be exercised during the lifetime of the Optionee only by the Optionee. Neither the Option nor any interest therein may be transferred, sold, assigned, pledged or hypothecated by the Optionee during the Optionee's lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar process.him

Option Non-Transferable. The No Option shall not be transferable by the an Optionee otherwise other than by will, will or by the laws of descent and distribution, and shall be exercised during . During the lifetime of the Optionee an Optionee, Options shall be exercisable only by the such Optionee (or by such Optionee. Neither the Option nor any interest therein may ’s guardian or legal representative, should one be transferred, sold, assigned, pledged or hypothecated by the Optionee during the Optionee's lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar processappointed).

Option Non-Transferable. The This Option shall may not be assignable or transferable in whole or in part by the Optionee otherwise than by will, Will or by the laws of descent and distribution, distribution and shall be exercised during the lifetime of the Optionee only by the Optionee. Neither the Option nor any interest therein may be transferred, sold, assigned, pledged or hypothecated by the Optionee exercisable during the Optionee's lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar process.lifetime only

Option Non-Transferable. The Option shall may not be transferable transferred by the Optionee otherwise or by operation of law other than by will, will or by the laws of descent and distribution, and shall . It may be exercised during the lifetime of the Optionee only by the Optionee. Neither the Option nor any interest therein may be transferred, sold, assigned, pledged or hypothecated by the Optionee during the Optionee's lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar processhim.