Common use of Transferability of Option Clause in Contracts

Transferability of Option. The Option shall not be transferable or assignable, in whole or in part, and except as otherwise provided in Section 12 of this Agreement and Section 5.2 of the Plan or by will or the laws of descent or distribution. The Option shall be exercisable (i) only by the Grantee during his lifetime, or (ii) in the event of his death, by his heirs, representatives, distributees, or legatees in accordance with his will or the laws of descent and distribution (but only to the extent that the Option would be exercisable by the Grantee under this Agreement).

Transferability of Option. The Option shall not be transferable or assignable, in whole or in part, and except as otherwise provided in Section 12 11 of this Agreement and Section 5.2 of the Plan or by will or the laws of descent or distribution. The Option shall be exercisable (i) only by the Grantee Optionee during his lifetime, or (ii) in the event of his death, by his heirs, representatives, distributees, or legatees in accordance with his will or the laws of descent and distribution (but only to the extent that the Option would be exercisable by the Grantee Optionee under this Agreement).

Transferability of Option. The Option shall not be transferable or assignable, in whole or in part, and except as otherwise provided in Section 12 11 of this Agreement and Section 5.2 of Agreement, the Plan or by will or the laws of descent or distribution. The Option shall be exercisable (i) only by the Grantee Optionee during his lifetime, or (ii) in the event of his death, by his heirs, representatives, distributees, or legatees in accordance with his will or the laws of descent and distribution (but only to the extent that the Option would be exercisable by the Grantee Optionee under this AgreementSection 2).

Transferability of Option. The Option shall not be transferable or assignable, in whole or in part, and except as otherwise provided in Section 12 10 of this Agreement and Section 5.2 of Agreement, the Plan or by will or the laws of descent or distribution. The Option shall be exercisable (i) only by the Grantee Optionee during his lifetime, or (ii) in the event of his death, by his heirs, representatives, distributees, or legatees in accordance with his will or the laws of descent and distribution (but only to the extent that the Option would be exercisable by the Grantee Optionee under this AgreementSection 2).

Transferability of Option. The Option shall not be transferable or assignable, in whole or in part, and except as otherwise provided in Section 12 10 of this Agreement and Section 5.2 of Agreement, the Plan or by will or the laws of descent or distribution. The Option 0ption shall be exercisable (i) only by the Grantee Optionee during his his-lifetime, or (iiH) in the event of his death, by his heirs, representatives, distributees, or legatees in accordance with his will or the laws of descent and distribution (but only to the extent that the Option would be exercisable by the Grantee Optionee under this AgreementSection 2).

Transferability of Option. The Option shall not be transferable or assignable, in whole or in part, and except as otherwise provided in Section 12 of 10 or this Agreement and Section 5.2 of Agreement, the Plan or by will or the laws of descent or distribution. The Option shall be exercisable (i) only by the Grantee Optionee during his lifetime, or (ii) in the event of his death, by his heirs, representatives, distributees, or legatees in accordance with his will or the laws of descent and distribution (but only to the extent that the Option would be exercisable by the Grantee Optionee under this AgreementSection 2).