Common use of Nontransferability of Agreement Clause in Contracts

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

Appears in 10 contracts

Samples: Phantom Unit Agreement (Holly Energy Partners Lp), Performance Unit Agreement (Holly Energy Partners Lp), Term Incentive Plan Phantom Unit Agreement (Holly Energy Partners Lp)

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Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you the Executive during your his life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges of the Executive in connection herewith shall not be transferred, assigned, pledged or hypothecated by you the Executive or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units Restricted Shares or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction, subject to the limitations on such transfer described in Section 8.

Appears in 4 contracts

Samples: Executive Restricted Stock Agreement (Holly Corp), Executive Restricted Stock Agreement (Holly Corp), Executive Restricted Stock Agreement (Holly Corp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you the Executive during your his life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges of the Executive in connection herewith shall not be transferred, assigned, pledged or hypothecated by you the Executive or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units Restricted Shares or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction, subject to the limitations on such transfer described in Section 5.

Appears in 4 contracts

Samples: Executive Restricted Stock Agreement (Holly Corp), Executive Restricted Stock Agreement (Holly Corp), Executive Restricted Stock Agreement (Holly Corp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Performance Share Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

Appears in 3 contracts

Samples: Performance Share Unit Agreement (HF Sinclair Corp), Performance Share Unit Agreement (HF Sinclair Corp), Performance Share Unit Agreement (Group 1 Automotive Inc)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you the Employee during your his life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges of the Employee in connection herewith shall not be transferred, assigned, pledged or hypothecated by you the Employee or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

Appears in 2 contracts

Samples: Performance Unit Agreement (Holly Energy Partners Lp), Performance Unit Agreement (Holly Energy Partners Lp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you the Employee during your his life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges of the Employee in connection herewith shall not be transferred, assigned, pledged or hypothecated by you the Employee or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units Restricted Shares or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction, subject to the limitations on such transfer described in Section 5.

Appears in 2 contracts

Samples: Employee Restricted Stock Agreement (Holly Corp), Employee Restricted Stock Agreement (Holly Corp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection US 8344952v.3 herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

Appears in 1 contract

Samples: Performance Unit Agreement (Holly Energy Partners Lp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you the Executive during your his life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges of the Executive in connection herewith shall not be transferred, assigned, pledged or hypothecated by you the Executive or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Restricted Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction, subject to the limitations on such transfer described in Section 5.

Appears in 1 contract

Samples: Restricted Unit Agreement (Holly Energy Partners Lp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you the Employee during your his life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges of the Employee in connection herewith shall not be transferred, assigned, pledged or hypothecated by you the Employee or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Performance Share Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Holly Corp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged pledged, or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment garnishment, or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Performance Share Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Group 1 Automotive Inc)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.. US 7428678v.3

Appears in 1 contract

Samples: Term Incentive Plan (Holly Energy Partners Lp)

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Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units RSUs or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (HF Sinclair Corp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you the Director during your his life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges of the Director in connection herewith shall not be transferred, assigned, pledged or hypothecated by you the Director or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units Restricted Shares or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction, subject to the limitations on such transfer described in Section 5.

Appears in 1 contract

Samples: Director Restricted Stock Agreement (Holly Corp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some a portion of the Units Award or other rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

Appears in 1 contract

Samples: Term Incentive Plan Cash Award Agreement (Holly Energy Partners Lp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to US 1765230v.4 applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

Appears in 1 contract

Samples: Performance Unit Agreement (Holly Energy Partners Lp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Performance Share Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.. HollyFrontier Corporation

Appears in 1 contract

Samples: Corporation Performance Share Unit Agreement (HollyFrontier Corp)

Nontransferability of Agreement. This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Restricted Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction, subject to the limitations on such transfer described in Section 5.

Appears in 1 contract

Samples: Restricted Unit Agreement (Holly Energy Partners Lp)

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