Common use of Option Nontransferable Clause in Contracts

Option Nontransferable. The Option granted hereby shall be neither transferable nor assignable by an Optionee other than by will or by the laws of descent and distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee, or in the event of his or her legal incapacity, by his or her guardian or legal representative acting on behalf of the Optionee in a fiduciary capacity under state law and court supervision.

Option Nontransferable. (a) The Option granted hereby shall be neither transferable nor assignable by an the Optionee other than by will or by the laws of descent and distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee, or in the event of his or her legal incapacity, by his or her guardian or legal representative acting on behalf of the Optionee in a fiduciary capacity under state law and court supervision.

Option Nontransferable. The Option Right granted hereby shall be neither transferable nor assignable by an the Optionee other than except by will or by the laws of descent and distribution and and, to the extent the Option Right is exercisable hereunder, may be exercised, during the lifetime of the Optionee, only by the Optionee, or in the event of his or her legal incapacityincapacity or death, by his or her guardian or legal representative acting on behalf of the Optionee or the Optionee's estate in a fiduciary capacity under state law and court supervision.

Option Nontransferable. The Option Right granted hereby shall be neither transferable nor assignable by an the Optionee other than except by will or by the laws of descent and distribution and and, to the extent the Option Right is exercisable hereunder, may be exercised, during the lifetime of the Optionee, only by the Optionee, or in the event of his or her legal incapacityincapacity or death, by his or her guardian or legal representative acting on behalf of the Optionee or the Optionee’s estate in a fiduciary capacity under state law and court supervision.

Option Nontransferable. The Option granted hereby shall be neither transferable nor assignable by an the Optionee other than by will or by the laws of descent 2 and distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee, or in the event of his or her legal incapacity, by his or her guardian or legal representative acting on behalf of the Optionee in a fiduciary capacity under state law and court supervision.