Common use of Non-Transferability of SAR Clause in Contracts

Non-Transferability of SAR. This SAR is not assignable or transferable, in whole or in part, by the Grantee other than by will or by the laws of descent and distribution. During the lifetime of the Grantee, the SAR shall be exercisable only by the Grantee or, in the event of legal disability, by his or her guardian or legal representative.

Non-Transferability of SAR. This SAR is may not assignable or transferable, be transferred in whole or in part, by the Grantee other any manner otherwise than by will or by the laws of descent and or distribution. During the lifetime The terms of the Grantee, the SAR shall be exercisable only by binding upon the Grantee orexecutors, in administrators, heirs, successors and assigns of the event of legal disability, by his or her guardian or legal representativeGrantee.

Non-Transferability of SAR. This The SAR is may not assignable or transferable, be transferred in whole or in part, by the Grantee other any manner otherwise than by will or by the laws of descent or distribution and distribution. During may be exercised during the lifetime of the Grantee, the SAR shall be exercisable Grantee only by the Grantee orGrantee. The terms of the Plan and the SAR Agreement shall be binding upon the executors, in administrators, heirs, successors and assigns of the event of legal disability, by his or her guardian or legal representativeGrantee.