Common use of Non-Transferability of SAR Clause in Contracts

Non-Transferability of SAR. This SAR may not be transferred in any manner otherwise than by will or by the laws of descent or distribution. The designation of a beneficiary does not constitute a transfer. This SAR may be exercised during the lifetime of Recipient only by Recipient. The terms of this SAR shall be binding upon the executors, administrators, heirs, successors and assigns of Recipient.

Non-Transferability of SAR. This SAR may not be transferred in any manner otherwise than by will or by the laws of descent or distribution. The designation of a beneficiary does not constitute a transfer. This SAR distribution and may be exercised during the lifetime of Recipient Participant only by RecipientParticipant. The terms of the Plan and this SAR Award Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of RecipientParticipant.

Non-Transferability of SAR. This SAR may not be transferred in any manner otherwise than by will or by the laws of descent or distribution. The designation of a beneficiary does not constitute a transfer. This SAR distribution and may be exercised during the lifetime of Recipient only by Recipient. The terms of this SAR shall be binding upon the executors, administratorsRecipient and his or her personal representatives, heirs, successors and assigns of Recipientassigns.

Non-Transferability of SAR. This SAR may not be transferred in any manner otherwise than by will or by the laws of descent or distribution. The designation of a beneficiary does not constitute a transfer. This SAR distribution and may be exercised during the lifetime of Recipient the Participant only by Recipientthe Participant. The terms of the Plan and this SAR Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of Recipientthe Participant.