Common use of Nontransferability of Awards Clause in Contracts

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) in respect of Performance Units will be delivered or paid, at the time specified in Section 3 hereof or, if applicable, Section 5 hereof, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) in respect of Performance Units will be delivered or paid, at the time specified in Section 3 hereof 3, Section 4 or, if applicable, Section 5 hereof5, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) in respect of Performance Units will be delivered or paid, at the time specified in Section 3 hereof or, if applicable, Section 5 hereof4 or Section 5, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) in respect of Performance Units (or Restricted Stock Units) will be delivered or paid, at the time specified in Section 3 hereof or, if applicable, Section 5 hereof4 or Section 5, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) in respect of Performance Units will be delivered or paid, at the time specified in Section 3 hereof 4, Section 5 or, if applicable, Section 5 hereof6, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your Employee’s death, any shares distributable (or cash payable) of Stock issuable to Employee in respect of his or her Earned Performance Units will be delivered or paidissued to Employee’s beneficiary, at the time specified in Section 3 hereof 5 or, if applicable, Section 5 hereof6, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) in respect of Performance Units will be delivered or paid, at the time specified in Section 3 hereof 3, Section 4 or, if applicable, Section 5 hereof5, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) in respect of Performance Units will be delivered or paid, at the time specified in Section 3 hereof 3, Section 4 or, if applicable, Section 5 hereof5, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Planhereof.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) in respect of Performance Units will be delivered or paid, at the time specified in Section 3 hereof or, if applicable, 4 or Section 5 hereof5, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your Employee’s death, any shares of Stock distributable (or cash payable) in respect of Performance Units will be delivered or paid, at the time specified in Section 3 hereof 5 or, if applicable, Section 5 hereof6, to your Employee’s beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) in respect of Performance Units will be delivered or paid, at the time specified in Section 3 hereof or, if applicable, Section 5 hereof4 or Section 5, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan. 7.

Nontransferability of Awards. The Performance Units granted hereunder may not be sold, assignedtransferred, pledged, exchanged, hypothecated or otherwise transferredassigned, encumbered or disposed ofotherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following your death, any shares distributable (or cash payable) payable in respect settlement of Performance Units will be delivered or paid, paid at the time specified in Section 3 hereof 3, Section 4 or, if applicable, Section 5 hereof5, to your beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan.