Common use of Limitations Upon Transfer Clause in Contracts

Limitations Upon Transfer. All rights of the Employee under this Agreement belong to the Employee and may not be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise), other than by will or the laws of descent and distribution or pursuant to a “qualified domestic relations order”, and shall not be subject to execution, attachment, or similar process.

Appears in 6 contracts

Samples: Phantom Share Agreement (Sterling Bancshares Inc), Phantom Share Agreement (Sterling Bancshares Inc), Phantom Share Agreement (Sterling Bancshares Inc)

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