Common use of Assignment of Award Clause in Contracts

Assignment of Award. The Performance Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of unless transferable by will or the laws of descent and distribution or pursuant to a “qualified domestic relations order” as defined by the U.S. Internal Revenue Code (the “Code”).

Appears in 7 contracts

Samples: Performance Stock Unit Agreement Agreement (Kbr, Inc.), Performance Stock Unit Agreement Agreement (Kbr, Inc.), Performance Stock Unit Agreement (Kbr, Inc.)

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Assignment of Award. The Performance Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of unless transferable by will or the laws of descent and distribution or or, if Employee is exclusively subject to the laws of the United States, pursuant to a “qualified domestic relations order” as defined by the U.S. Internal Revenue Code (the “Code”).

Appears in 3 contracts

Samples: Performance Stock Unit Agreement Agreement (Kbr, Inc.), Performance Stock Unit Agreement Agreement (Kbr, Inc.), Performance Stock Unit Agreement (Kbr, Inc.)

Assignment of Award. The Performance Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of unless transferable by will or the laws of descent and distribution or or, if Employee is exclusively subject to the laws of the United States, pursuant to a “qualified domestic relations order” as defined by the U.S. Internal Revenue Code (the “Code”).. INTERNATIONAL EMPLOYEE – 3-Year Vesting

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (Kbr, Inc.), Performance Stock Unit Agreement (Kbr, Inc.)

Assignment of Award. The Performance Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of unless transferable by will or the laws of descent and distribution or pursuant to a “qualified domestic relations order” as defined by the U.S. Internal Revenue Code (the “Code”).. US EMPLOYEE – 3-Year Vesting

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (Kbr, Inc.), Performance Stock Unit Agreement (Kbr, Inc.)

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Assignment of Award. The Performance Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of unless transferable by will or the laws of descent and distribution or US EMPLOYEE – 3-Year Vesting pursuant to a “qualified domestic relations order” as defined by the U.S. Internal Revenue Code (the “Code”).

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Kbr, Inc.)

Assignment of Award. The Performance Stock Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of unless transferable by will or the laws of descent and distribution or pursuant to a “qualified domestic relations order” as defined by the U.S. Internal Revenue Code (the “Code”).. INTERNATIONAL EMPLOYEE – 3-Year Vesting

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Kbr, Inc.)

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