Common use of Transferability Restriction Clause in Contracts

Transferability Restriction. The Options may not be assigned, transferred or otherwise disposed of, or pledged or hypothecated in any way (whether by operation of law or otherwise) except in strict compliance with Section 6(h) of the Plan. Any assignment, transfer, pledge, hypothecation or other disposition of the Options or any attempt to make any such levy of execution, attachment or other process will cause the Options to terminate immediately upon the happening of any such event, provided, however, that any such termination of the Options under the foregoing provisions of this Paragraph 5 will not prejudice any rights or remedies which the Corporation may have under this Agreement or otherwise.

Transferability Restriction. The Options Option may not be assigned, transferred or otherwise disposed of, or pledged or hypothecated in any way (whether by operation of law or otherwise) except in strict compliance with Section 6(h) ___ of the Plan. Any assignment, transfer, pledge, hypothecation or other disposition of the Options Option or any attempt to make any such levy of execution, attachment or other process will cause the Options Option to terminate immediately upon the happening of any such event, provided, however, that any such termination of the Options Option under the foregoing provisions of this Paragraph 5 will not prejudice any rights or remedies which the Corporation may have under this Agreement or otherwise.

Transferability Restriction. The Options Option may not be assigned, transferred or otherwise disposed of, or pledged or hypothecated in any way (whether by operation of law or otherwise) except in strict compliance with Section 6(h7(g) of the Plan. Any assignment, transfer, pledge, hypothecation or other disposition of the Options Option or any attempt to make any such levy of execution, attachment or other process will cause the Options Option to terminate immediately upon the happening of any such event, provided, however, that any such termination of the Options Option under the foregoing provisions of this Paragraph 5 will not prejudice any rights or remedies which the Corporation may have under this Agreement or otherwise.