Nontransferability. Neither the Award nor the Participant’s right to receive payment for vested Awards may be assigned or transferred except upon the death of the Participant (i) by will or (ii) by the laws of descent and distribution.
Appears in 20 contracts
Sources: Annual Time Vested Restricted Stock Unit Award Agreement (Kimberly Clark Corp), Off Cycle Time Vested Restricted Stock Unit Award Agreement (Kimberly Clark Corp), Off Cycle Time Vested Restricted Stock Unit Award Agreement (Kimberly Clark Corp)
Nontransferability. Neither the Award nor the Participant’s right to receive payment for vested Awards may be assigned or transferred except upon the death of the Participant (i) by will will, or (ii) by the laws of descent and distribution.
Appears in 17 contracts
Sources: Performance Restricted Stock Unit Award Agreement (Kimberly Clark Corp), Performance Restricted Stock Unit Award Agreement (Kimberly Clark Corp), Performance Restricted Stock Unit Award Agreement (Kimberly Clark Corp)
Nontransferability. Neither the Award nor the ParticipantEmployee’s right to receive payment for vested Awards may be assigned or transferred except upon the death of the Participant Employee (i) by will or will, (ii) by the laws of descent and distributiondistribution or (iii) pursuant to a designation by the Employee of a beneficiary or beneficiaries, provided that no such designation shall be effective unless filed with the Committee prior to the death of such Employee.
Appears in 5 contracts
Sources: Award Agreement (Kimberly Clark Corp), Performance Restricted Stock Unit Award Agreement (Kimberly Clark Corp), Nonqualified Stock Option Award Agreement (Kimberly Clark Corp)
Nontransferability. Neither the Award nor the Participant’s right to receive payment for vested Awards may be assigned or transferred except upon the death of the Participant (i) by will or will, (ii) by the laws of descent and distributiondistribution or (iii) for Participants residing in the U.S., pursuant to a designation by the Participant of a beneficiary or beneficiaries, provided that no such designation shall be effective unless filed with the Committee prior to the death of such Participant.
Appears in 3 contracts
Sources: Nonqualified Stock Option Award Agreement (Kimberly Clark Corp), Performance Restricted Stock Unit Award Agreement (Kimberly Clark Corp), Nonqualified Stock Option Award Agreement (Kimberly Clark Corp)
Nontransferability. Neither the Award nor the Participant’s right to receive payment for vested Awards may be assigned or transferred except upon the death of the Participant (i) by will or will, (ii) by the laws of descent and distributiondistribution or (iii) for Participants residing in the U.S. pursuant to a designation by the Participant of a beneficiary or beneficiaries, provided that no such designation shall be effective unless filed with the Committee prior to the death of such Participant.
Appears in 2 contracts
Sources: Nonqualified Stock Option Award Agreement (Kimberly Clark Corp), Nonqualified Stock Option Award Agreement (Kimberly Clark Corp)
Nontransferability. Neither the Award nor the Participant’s 's right to receive payment for vested Awards may be assigned or transferred except upon the death of the Participant (i) by will will, or (ii) by the laws of descent and distribution.
Appears in 1 contract
Sources: Nonqualified Stock Option Award Agreement (Kimberly Clark Corp)
Nontransferability. Neither the Award nor the Participant’s 's right to receive payment for vested Awards may be assigned or transferred except upon the death of the Participant (i) by will or (ii) by the laws of descent and distribution.
Appears in 1 contract
Sources: Nonqualified Stock Option Award Agreement (Kimberly Clark Corp)