Common use of Nontransferability of the Award Clause in Contracts

Nontransferability of the Award. Prior to the Settlement Date, neither this Award nor any Restricted Stock Unit subject to this Award shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except by will or by the laws of descent and distribution.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Cohu Inc), Restricted Stock Unit Agreement (Cohu Inc)

AutoNDA by SimpleDocs

Nontransferability of the Award. Prior to the Settlement Date, neither this Award nor any Restricted Stock Unit Performance Shares subject to this Award shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except by will or by the laws of descent and distribution.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Invitrogen Corp), Performance Share Award Agreement (Invitrogen Corp)

Nontransferability of the Award. Prior to the Settlement Date, neither this Award nor any Restricted Stock Unit subject to this Award shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant Director or the ParticipantDirector’s beneficiary, except by will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Invitrogen Corp)

AutoNDA by SimpleDocs

Nontransferability of the Award. Prior to the Settlement Date, neither this Award nor any Restricted Deferred Stock Unit subject to this Award shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except by will or by the laws of descent and distribution.

Appears in 1 contract

Samples: Deferred Stock Agreement (Cohu Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.