Award Non-transferable Sample Clauses
Award Non-transferable. Unless permitted by law and regulation and approved by the Committee, the Award and any right related thereto shall not be transferable by Employee otherwise than by will or by the laws of descent and distribution and may be exercised during Employee's lifetime, only by Employee. Upon the death of Employee, the Award may be exercised by Employee's executor, administrator, legatee or distributee, as the case may be.
Award Non-transferable. Except as expressly provided in Section 9 above, the Award is non-transferable. No benefit payable with respect to the Award shall be subject in any manner to anticipation, alienation, sale, transfer, pledge, assignment, encumbrance or charge, and any such attempted action shall be void and no such benefit shall be in any manner liable for or subject to debts, contracts, liabilities, engagements or torts of the Participant. This Agreement shall, however, be binding upon any successor to all or substantially all of the business and/or assets of the Company.
Award Non-transferable. Except with the consent of the Company, the Appreciation Rights may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee. Any purported transfer or encumbrance in violation of the provisions of this Section 7 shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Appreciation Rights.
Award Non-transferable. The Performance Shares may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee; provided, however, that the Grantee’s rights with respect to such Performance Shares may be transferred by will or pursuant to the laws of descent and distribution. Any purported transfer or encumbrance in violation of the provisions of this Section 6 shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Performance Shares.
Award Non-transferable. The Option may not be transferred or assigned by Optionee or by operation of law, other than by will or by the laws of descent and distribution.
Award Non-transferable. Restricted Stock Units may not be transferred or assigned by Grantee or by operation of law, other than by will or by the laws of descent and distribution.
Award Non-transferable. Performance Units may not be transferred or assigned by Grantee or by operation of law, other than by will or by the laws of descent and distribution.