Common use of Transferability of Options Clause in Contracts

Transferability of Options. The Options are not transferable other than by will or the laws of descent and distribution. During the lifetime of the Optionee, the Options may be exercised only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Transferability of Options. The Options are Option shall not be transferable other by the Optionee otherwise than by will or under the laws of descent and distribution. During The Option shall be exercisable during the lifetime of the Optionee, the Options may be exercised Optionee only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or the Optionee’s legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Transferability of Options. The These Options are not transferable other nontransferable otherwise than by will or the laws of descent and distribution. During distribution and during the lifetime of the Optionee, the Options may be exercised only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Transferability of Options. The Options are shall not be transferable other by the optionee otherwise than by will or under the laws of descent and distribution. During the lifetime of the Optionee, the Options may and shall be exercised exercisable, during his or her lifetime, only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s guardian him or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar processher.

Transferability of Options. The Options are Option shall not be transferable other by the Optionee otherwise than by will or under the laws of descent and distribution. During The Option shall be exercisable during the lifetime of the Optionee, the Options may be exercised Optionee only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s 's guardian or the Optionee's legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Transferability of Options. The Options are not transferable other than by will or the laws of descent and distribution. During the lifetime of the Optionee, the Options may Option shall be exercised exercisable only by the Optionee, or, during the period the Optionee is under a legal disability, by or the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and The Option shall not be assignable or transferable by the Optionee, except by will or by the laws of descent and distribution. Notwithstanding the foregoing, the Option shall be transferable subject to executionthe applicable limitations, attachment or similar processif any, described in the General Instructions to Form S-8 Registration Statement under the Securities Act.

Transferability of Options. The Options are Optionee's option shall not be transferable other than by will Will or by the laws of descent and distribution. During the , if applicable, and are exercisable during his lifetime of the Optionee, the Options may be exercised only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar processhim.

Transferability of Options. The Options are This Option may not transferable be transferred by the Optionee other than by will or the laws of descent and distribution. During the lifetime of the Optionee, the Options distribution and may be exercised during the Optionee's lifetime only by the Optionee, or, during the period the Optionee is under a legal disability, by or the Optionee’s 's guardian or legal representative. Except as provided above, A transfer of an Option by will or the Options may not be assigned, transferred, pledged, hypothecated or disposed laws of in any way (whether by operation of law or otherwise) descent and distribution shall not be subject effective unless the Option Committee shall have been furnished with such evidence as it may deem necessary to execution, attachment or similar processestablish the validity and effectiveness of the transfer.

Transferability of Options. The Options are not No Option granted under the Plan shall be transferable by an Optionee (whether by sale, assignment, hypothecation or otherwise) other than by will or the laws of descent and distribution. During the lifetime of , and Options shall be exercisable during the Optionee, the Options may be exercised 's lifetime only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Transferability of Options. The Options are shall not be transferable other by the Optionee otherwise than by will or under the laws of descent and distribution. During The Options shall be exercisable during the lifetime of the Optionee, the Options may be exercised Optionee only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s 's guardian or the Optionee's legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Transferability of Options. The Options are This Option may not transferable other than be transferred except by will or the laws of descent and distribution. During , and may be exercised during the lifetime of the Optionee, the Options may be exercised Optionee only by the Optionee, or, during the period the Optionee is under a legal disability, him or by the Optionee’s his guardian or legal representative. Except as provided above, the Options may This Option and any rights and privileges pertaining hereto shall not be transferred, assigned, transferred, pledged, pledged or hypothecated or disposed of by Optionee in any way (way, whether by operation of law or otherwise) , and shall not be subject to execution, attachment or similar process.

Transferability of Options. The These Options are not transferable other nontransferable otherwise than by will or the laws of descent and distribution. During distribution and during the lifetime of the Optionee, the Options may be exercised only by the Optionee, by such permitted transferees or, during the period the Optionee is under a legal disability, by the Optionee’s 's guardian or legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.