Common use of Option Not Transferable Clause in Contracts

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution or pursuant to a valid domestic relations order. Except as set forth in the preceding sentence, during the Optionee's lifetime, only the Optionee can exercise this option.

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution or pursuant to a valid domestic relations orderorder or an order arising out of family law proceedings involving the Optionee, his or her spouse or minor children. Except as set forth in the preceding sentence, during the Optionee's lifetime, only the Optionee can may exercise this option.

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution or pursuant to a valid domestic relations order. Except as set forth in the preceding sentence, during During the Optionee's lifetime, lifetime only the Optionee can exercise this the option.

Option Not Transferable. This option is not transferable or assignable ----------------------- except by will or by the laws of descent and distribution or pursuant to a valid domestic relations order. Except as set forth in the preceding sentence, during During the Optionee's lifetime, lifetime only the Optionee can exercise this option.

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution or pursuant to a valid domestic relations order. Except as set forth in the preceding sentence, during During the Optionee's lifetime, lifetime only the Optionee can exercise this option.

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution or pursuant to a valid domestic relations order. Except as set forth in the preceding sentence, during the Optionee's ’s lifetime, only the Optionee can may exercise this option.

Option Not Transferable. This option is not transferable or ----------------------- assignable except by will or by the laws of descent and distribution or pursuant to a valid domestic relations order. Except as set forth in the preceding sentence, during the Optionee's lifetime, only the Optionee can exercise this option.

Option Not Transferable. This option is not transferable or assignable except by will or by the laws of descent and distribution or pursuant to a valid domestic relations order. Except as set forth in the preceding previous sentence, during the Optionee's ’s lifetime, only the Optionee can exercise this option.

Option Not Transferable. This option The Option is not assignable or transferable or assignable by the Optionee, except by will or by the laws of descent and distribution or pursuant to a valid qualified domestic relations order. Except as set forth in the preceding sentence, and is exercisable during the Optionee's lifetime, only lifetime of the Optionee can exercise this optiononly by the Optionee.

Option Not Transferable. This option is not transferable or ----------------------- assignable except by will or by the laws of descent and distribution or pursuant to a valid domestic relations order. Except as set forth in the preceding previous sentence, during the Optionee's lifetime, only the Optionee can exercise this option.