Common use of Award is Not Transferable Clause in Contracts

Award is Not Transferable. Except to the limited extent provided in Section 8, this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp), Restricted Stock Unit Award Agreement (National Instruments Corp), Restricted Stock Unit Award Agreement (National Instruments Corp)

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Award is Not Transferable. Except to the limited extent provided in Section 89, this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. Participant may, however, dispose of this Award in Participant’s will or through a beneficiary designation.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement, Inducement Stock Option Agreement, Inducement Stock Option Agreement

Award is Not Transferable. Except to the limited extent provided in Section 8, this This Award and the rights and privileges conferred hereby will shall not be transferredsold, pledged, assigned, pledged hypothecated, transferred or hypothecated in disposed of any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. .. Upon any attempt to transfersell, pledge, assign, pledgehypothecate, hypothecate transfer or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.

Appears in 2 contracts

Samples: Employment Agreement (Advaxis, Inc.), Employment Agreement (Advaxis, Inc.)

Award is Not Transferable. Except to the limited extent provided in Section 85(c), this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement (AE Biofuels, Inc.)

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Award is Not Transferable. Except to the limited extent provided in Section 8, this The Award and the rights and privileges conferred hereby will may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will may not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this the Award, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Yuma Energy, Inc.)

Award is Not Transferable. Except to the limited extent provided in Section paragraph 8, this the Award and the rights and privileges conferred hereby will under the Award may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this the Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this the Award and the rights and privileges conferred hereby immediately will become null and void.

Appears in 1 contract

Samples: Nonqualified Stock Option Letter Agreement (Infospace Inc)

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