Common use of Restrictions on Transfer and Pledge Clause in Contracts

Restrictions on Transfer and Pledge. No right or interest of Optionee in the Options may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other party other than the Company or an Affiliate. The Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code if such Section applied to an Option under the Plan; provided, however, that the Committee may (but need not) permit other transfers. The Options may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.

Restrictions on Transfer and Pledge. No right or interest of Optionee in the Options may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other party other than the Company or an Affiliate. The Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A414(p) (1) (A) of the Code if such Section applied to an Option under the Plan; provided, however, that the Committee may (but need not) permit other transfers. The Options may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.

Restrictions on Transfer and Pledge. No right or interest of Optionee in the Options Option may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or an AffiliateCompany, or shall be subject to any lien, obligation, or liability of Optionee to any other party other than the Company or an AffiliateCompany. The Options are Option is not assignable or transferable by Optionee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code if such Section applied to an Option under the Planthis Option; provided, however, that the Committee may (but need not) permit other transfers. The Options Option may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.

Restrictions on Transfer and Pledge. No right or interest of Optionee in the Options The Option may not be pledged, encumbered, or hypothecated to or in favor of any party other than the Company Corporation or an Affiliatea Parent or Subsidiary, or shall be subject to any lien, obligation, or liability of the Optionee to any other party other than the Company Corporation or an Affiliatea Parent or Subsidiary. The Options are Option is not assignable or transferable by the Optionee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code if such Section applied to an Option under the PlanOption; provided, however, that the Committee may (but need not) permit other transferstransfers where the Committee concludes that such transferability (i) does not result in accelerated taxation and (ii) is otherwise appropriate and desirable, taking into account any state or federal tax or securities laws applicable to transferable options. The Options Option may be exercised during the lifetime of the Optionee only by Optionee or any permitted transfereethe Optionee.

Restrictions on Transfer and Pledge. No right or interest of Optionee in the Options may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or an AffiliateCompany, or shall be subject to any lien, obligation, or liability of Optionee to any other party other than the Company or an AffiliateCompany. The Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code if such Section applied to an Option under the Planthis Option; provided, however, that the Committee may (but need not) permit other transfers. The Options may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.

Restrictions on Transfer and Pledge. No right or interest of Optionee in the Options may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or an Affiliateaffiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other party other than the Company or an Affiliateaffiliate. The Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code if such Section applied to an Option under the PlanAgreement; provided, however, that the Committee may (but need not) permit other transfers. The Options may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.

Restrictions on Transfer and Pledge. No right or interest of Optionee in the Options may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or an Affiliateaffiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other party other than the Company or an Affiliateaffiliate. The Options are not assignable or transferable by Optionee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code if such Section applied to an Option the Options under the PlanOption Agreement; provided, however, that the Committee may (but need not) permit other transfers. The Options may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.

Restrictions on Transfer and Pledge. No right or interest of Optionee in the Options Option may be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or an Affiliate, or shall be subject to any lien, obligation, or liability of Optionee to any other party other than the Company or an Affiliate. The Options are Option is not assignable or transferable by Optionee other than by will or the laws of descent and distribution or pursuant to a domestic relations order that would satisfy Section 414(p)(1)(A) of the Code as if such Section section applied to an Option under the Plan; providedOption, however, that but the Committee may (but need not) permit other transfers. The Options Option may be exercised during the lifetime of Optionee only by Optionee or any permitted transferee.