Common use of Restriction on Transfer of Option and of Option Shares Clause in Contracts

Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, and shall be exercisable during the lifetime of Employee only by Employee (or in the event of his Disability (as defined in the Employment Agreement), by his personal representative) and after his death, only by his legatee or the executor of his estate.

Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Participant only by Employee the Participant (or in the event of his Disability (as defined in the Employment Agreement)Disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.

Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionee only by Employee the Optionee (or in the event of his Disability (as defined in the Employment Agreement)disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.

Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionee only by Employee the Optionee (or in the event of his Disability (as defined in the Employment Agreement)Disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.

Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Participant only by Employee the Participant (or in the event of his Disability (as defined in the Employment Agreement)Disability, by his personal representative) and after his death, only by his legatee or the executor legal representative of his the Participant’s estate.

Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionees only by Employee the Optionees (or in the event of his Disability (as defined in the Employment Agreement)both of their disability, by his their personal representative) and after his their death, only by his their legatee or the executor of his their estate. If an Optionee is a surviving spouse of an Optionee, the surviving Optionee shall become the sole holder of the Option, and the Option shall be exercisable by such surviving Optionee.

Restriction on Transfer of Option and of Option Shares. The Option ------------------------------------------------------ evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionee only by Employee the Optionee (or in the event of his Disability (as defined in the Employment Agreement)disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.

Restriction on Transfer of Option and of Option Shares. The Option evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionee only by Employee the Optionee (or in the event of his Disability (as defined in the Employment Agreement)her disability, by his her personal representative) and after his her death, only by his her legatee or the executor of his her estate.

Restriction on Transfer of Option and of Option Shares. The Option ------------------------------------------------------- evidenced hereby is nontransferable other than by will or the laws of descent and distribution, distribution and shall be exercisable during the lifetime of Employee the Optionee only by Employee the Optionee (or in the event of his Disability (as defined in the Employment Agreement)Disability, by his personal representative) and after his death, only by his legatee or the executor of his estate.