Common use of Transferability of Option Clause in Contracts

Transferability of Option. This Option is not assignable or transferable, in whole or in part, by the Optionee other than by will or by the laws of descent and distribution. During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee or, in the event of his or her disability, by his or her guardian or legal representative.

Transferability of Option. This Except as provided in the Plan, the Option is not assignable or transferable, in whole or in part, by the Optionee other than by will or by the laws of descent and distribution. During distribution and, during the lifetime of the Optionee, the Option shall be exercisable only by the Optionee or, in the event of his or her disability, by his or her guardian or legal representative.

Transferability of Option. This Option is not assignable or transferable, shall be transferable in whole or in part, part by the Optionee, only to a trust or foundation created by Optionee other than or to a member of Optionee's immediate family or by will or by the laws of descent and distribution. During the , and is exercisable during Optionee's lifetime of the Optionee, the Option shall be exercisable only by the Optionee oror by the permitted transfers. The terms of this Option shall be binding on the executors, in administrators, heirs and successors of the event of his or her disability, by his or her guardian or legal representativeOptionee.

Transferability of Option. This Option is may not assignable be sold, pledged, assigned, hypothecated, transferred or transferable, disposed of in whole or in part, by the Optionee any manner other than by will or by the laws of descent and distribution. During the lifetime of the distribution and may be exercised, during Optionee's life, the Option shall be exercisable only by the Optionee or, in the event of his or her disability, by his or her guardian or legal representativehim.

Transferability of Option. This The Option is not assignable or transferable, in whole or in part, transferable by the Optionee other otherwise than by will or by the laws of descent and distribution. During distribution and is exercisable, during the lifetime of Optionee's lifetime, only by the Optionee, or in the Option shall be exercisable case of Optionee's legal incompetency, only by the Optionee or, in the event of his or her disability, by his or her Optionee's guardian or legal representative.

Transferability of Option. This The Option is not assignable or transferable, in whole or in part, transferable by the Optionee other than (i) by will or by the laws of descent and distribution. During distribution or (ii) by gift or domestic relations order to a family member of the lifetime of Optionee (a "Permitted Transferee"), and is exercisable, during the Optionee's lifetime, only by a Permitted Transferee, the Optionee, the Option shall be exercisable only by the Optionee or, or in the event case of his or her disabilityOptionee's legal incompetency, by his or her Optionee's guardian or legal representative.

Transferability of Option. This Option is shall not assignable or transferable, in whole or in part, by the Optionee other than be transferable except by will or by the laws of descent and distribution. During the lifetime of the Optionee's lifetime, the this Option shall may be exercisable exercised only by the Optionee or, in or by the event of his or her disability, by his or her Optionee's guardian or legal representative.. No assignment or transfer of this Option, whether voluntary or involuntary, by operation of law or otherwise, except a transfer

Transferability of Option. This Option is not assignable or transferable, in whole or in part, may be exercised during the lifetime of the Optionee only by the Optionee and may not be transferred in any manner other than by will or by the laws of descent and distribution. During The terms of this Option shall be binding upon the lifetime executors, administrators, heirs and successors of the Optionee, the Option shall be exercisable only by the Optionee or, in the event of his or her disability, by his or her guardian or legal representative.

Transferability of Option. This Option is may not assignable or transferable, be transferred in whole or in part, by the Optionee other any manner otherwise than by will or by the laws of descent or distribution and distribution. During may be exercised during the lifetime of the Optionee only by the Optionee, the . The terms of this Option shall be exercisable only by binding upon the Optionee orheirs, in personal representatives and successors of the event of his or her disability, by his or her guardian or legal representativeOptionee.

Transferability of Option. This The Option is not assignable or transferable, in whole or in part, transferable by the Optionee other than by will or by the laws of descent and distribution. During the lifetime of the Optionee’s lifetime, the Option shall be is exercisable only by the Optionee orOptionee, or in the event of his or his/her disabilitylegal incompetency, by his or his/her guardian or legal representative.

Transferability of Option. This Option is not assignable or transferable, in whole or in part, by the Optionee other than by will or by the laws of descent and distribution. During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee or, in the event of his or her disabilityDisability, by his or her guardian or legal representative.

Transferability of Option. This Option is may not assignable be sold, pledged, assigned, hypothecated, transferred or transferable, disposed of in whole or in part, by the Optionee any manner other than by will or by the laws of descent and distribution. During the lifetime of distribution and may be exercised, during the Optionee's life, the Option shall be exercisable only by the Optionee or, in the event of his or her disability, by his or her guardian or legal representativehim.

Transferability of Option. This Option is shall not assignable or transferable, in whole or in part, be transferable by the Optionee other than by will or by the laws of descent and distribution. During the lifetime of the Optionee, and the Option shall be exercisable during the Optionee’s lifetime only by the Optionee or, in the event of or on his or her disability, behalf by his or her the Optionee’s guardian or legal representative.

Transferability of Option. This The Option is not assignable or transferable, in whole or in part, transferable by the Optionee other otherwise than by will or by the laws of descent and distribution. During distribution and is exercisable, during the lifetime of Optionee’s lifetime, only by the Optionee, or in the Option shall be exercisable case of Optionee’s legal incompetency, only by the Optionee or, in the event of his or her disability, by his or her Optionee’s guardian or legal representative.

Transferability of Option. This Option is shall not assignable or transferable, in whole or in part, be transferable by the Optionee other than by will or by the laws of descent and distribution. During the lifetime of the Optionee, the and this Option shall be exercisable during the Optionee’s lifetime only by the Optionee or, in the event of or on his or her disability, behalf by his or her the Optionee’s guardian or legal representative.

Transferability of Option. This Option is may not assignable or transferable, in whole or in part, be transferred by the Optionee other otherwise than by will or by the laws of descent and distribution. During the lifetime of the Optionee, the this Option shall be exercisable only by the Optionee orOptionee, in the event of his or her disability, by his or her guardian or a duly appointed legal representative.