{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "other-manner", "type": "clause", "offset": [79, 91]}, {"key": "disposed-of", "type": "definition", "offset": [107, 118]}, {"key": "permitted-cvr-transfer", "type": "definition", "offset": [162, 184]}, {"key": "disposition-of", "type": "clause", "offset": [251, 265]}, {"key": "section-22", "type": "clause", "offset": [314, 325]}, {"key": "void-ab-initio", "type": "definition", "offset": [335, 349]}, {"key": "no-effect", "type": "clause", "offset": [357, 366]}], "snippet": "The CVRs may not be sold, assigned, transferred, pledged, encumbered or in any other manner transferred or disposed of, in whole or in part, other than through a Permitted CVR Transfer. Any attempted sale, assignment, transfer, pledge, encumbrance or disposition of CVRs, in whole or in part, in violation of this Section 2.2 shall be void ab initio and of no effect.", "size": 254, "samples": [{"hash": "bwQa0rM8WT2", "uri": "/contracts/bwQa0rM8WT2#nontransferable", "label": "Contingent Value Rights Agreement (Aurinia Pharmaceuticals Inc.)", "score": 37.3559188843, "published": true}, {"hash": "4vPukfktuPQ", "uri": "/contracts/4vPukfktuPQ#nontransferable", "label": "Merger Agreement (Kezar Life Sciences, Inc.)", "score": 37.2409324646, "published": true}, {"hash": "5sYcemqrpGn", "uri": "/contracts/5sYcemqrpGn#nontransferable", "label": "Contingent Value Rights Agreement (XOMA Royalty Corp)", "score": 37.1067771912, "published": true}], "hash": "24cb35b5e4437944219422d0d8bd0881", "id": 1}, {"snippet_links": [{"key": "rights-under-this-agreement", "type": "clause", "offset": [3, 30]}, {"key": "by-employee", "type": "clause", "offset": [53, 64]}, {"key": "except-as-provided-in", "type": "clause", "offset": [66, 87]}, {"key": "section-12", "type": "definition", "offset": [88, 98]}, {"key": "the-plan", "type": "clause", "offset": [102, 110]}], "snippet": "No rights under this Agreement shall be transferable by Employee, except as provided in Section 12 of the Plan.", "size": 13, "samples": [{"hash": "1m1Mjkru9GY", "uri": "/contracts/1m1Mjkru9GY#nontransferable", "label": "Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.)", "score": 35.1355247498, "published": true}, {"hash": "9VG7IiGtyjB", "uri": "/contracts/9VG7IiGtyjB#nontransferable", "label": "Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.)", "score": 33.3175888062, "published": true}, {"hash": "6L40Bf426mV", "uri": "/contracts/6L40Bf426mV#nontransferable", "label": "Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.)", "score": 33.1355247498, "published": true}], "hash": "fca4de10a357dca62b68bdd06e75ef6f", "id": 9}, {"snippet_links": [{"key": "other-manner", "type": "clause", "offset": [105, 117]}, {"key": "disposed-of", "type": "definition", "offset": [133, 144]}, {"key": "permitted-transfer", "type": "clause", "offset": [188, 206]}], "snippet": "The CVRs or any interest therein shall not be sold, assigned, transferred, pledged, encumbered or in any other manner transferred or disposed of, in whole or in part, other than through a Permitted Transfer.", "size": 23, "samples": [{"hash": "dof0TFz9sZ7", "uri": "/contracts/dof0TFz9sZ7#nontransferable", "label": "Contingent Value Rights Agreement (Steel Partners Holdings L.P.)", "score": 36.0034217834, "published": true}, {"hash": "cg2hQZNVB9u", "uri": "/contracts/cg2hQZNVB9u#nontransferable", "label": "Contingent Value Rights Agreement (Steel Connect, Inc.)", "score": 36.0034217834, "published": true}, {"hash": "aECCiLCzEYI", "uri": "/contracts/aECCiLCzEYI#nontransferable", "label": "Contingent Value Rights Agreement (Capstone Holding Corp.)", "score": 35.9979476929, "published": true}], "hash": "b0f5a8dbf8e0b7267ece97a3ebeacffd", "id": 5}, {"snippet_links": [{"key": "to-the-recipient", "type": "definition", "offset": [127, 143]}, {"key": "in-writing", "type": "definition", "offset": [161, 171]}, {"key": "the-award", "type": "clause", "offset": [175, 184]}, {"key": "the-committee", "type": "clause", "offset": [188, 201]}, {"key": "pursuant-to-section", "type": "definition", "offset": [202, 221]}, {"key": "this-agreement", "type": "clause", "offset": [230, 244]}, {"key": "assets-of-the-plan", "type": "definition", "offset": [314, 332]}, {"key": "the-trust", "type": "clause", "offset": [336, 345]}, {"key": "the-corporation", "type": "clause", "offset": [357, 372]}, {"key": "the-bank", "type": "clause", "offset": [374, 382]}, {"key": "subject-to", "type": "clause", "offset": [404, 414]}, {"key": "claim-for-benefits", "type": "definition", "offset": [419, 437]}], "snippet": "Awards shall not be transferable by a Recipient. During the lifetime of the Recipient, an Award may only be earned by and paid to the Recipient who was notified in writing of the Award by the Committee pursuant to Section 6.03 of this Agreement. No Recipient or Beneficiary shall have any right in or claim to any assets of the Plan or the Trust, nor shall the Corporation, the Bank or any Subsidiary be subject to any claim for benefits hereunder.", "size": 13, "samples": [{"hash": "qEElleyAwc", "uri": "/contracts/qEElleyAwc#nontransferable", "label": "Recognition and Retention Plan and Trust Agreement (Columbia Financial of Kentucky Inc)", "score": 18.0, "published": true}, {"hash": "cZrwFUgfe7m", "uri": "/contracts/cZrwFUgfe7m#nontransferable", "label": "Recognition and Retention Plan (Home Loan Financial Corp)", "score": 18.0, "published": true}, {"hash": "85wXgPAgNG4", "uri": "/contracts/85wXgPAgNG4#nontransferable", "label": "Recognition and Retention Plan and Trust Agreement (FFD Financial Corp/Oh)", "score": 18.0, "published": true}], "hash": "3ad7b15388ca4c4d10d6a9c6a9b312ab", "id": 10}, {"snippet_links": [{"key": "the-committee", "type": "clause", "offset": [7, 20]}, {"key": "no-rights", "type": "clause", "offset": [45, 54]}, {"key": "dispose-of", "type": "definition", "offset": [190, 200]}, {"key": "the-rights", "type": "clause", "offset": [259, 269]}, {"key": "benefits-of-this", "type": "clause", "offset": [278, 294]}, {"key": "legal-representative", "type": "definition", "offset": [372, 392]}], "snippet": "Unless the Committee provides otherwise, (i) no rights under this Award will be assignable or transferable, and neither you nor your Beneficiary will have any power to anticipate, alienate, dispose of, pledge or encumber any rights under this Award, and (ii) the rights and the benefits of this Award may be exercised and received during your lifetime only by you or your legal representative.", "size": 26, "samples": [{"hash": "llgV8UWD0fq", "uri": "/contracts/llgV8UWD0fq#nontransferable", "label": "Restricted Share Rights Award Agreement (Wells Fargo & Company/Mn)", "score": 36.5783691406, "published": true}, {"hash": "cIIB5nBQiWF", "uri": "/contracts/cIIB5nBQiWF#nontransferable", "label": "Performance Share Award Agreement (Wells Fargo & Company/Mn)", "score": 34.1512680054, "published": true}, {"hash": "j7TyAavEtba", "uri": "/contracts/j7TyAavEtba#nontransferable", "label": "Performance Share Award Agreement (Wells Fargo & Company/Mn)", "score": 33.5804252625, "published": true}], "hash": "8c22c41777e6b920e620d8a13c8c9771", "id": 4}, {"snippet_links": [{"key": "stock-awarded", "type": "clause", "offset": [20, 33]}, {"key": "otherwise-disposed-of", "type": "definition", "offset": [115, 136]}, {"key": "the-grantee", "type": "definition", "offset": [207, 218]}, {"key": "with-respect-to", "type": "clause", "offset": [262, 277]}, {"key": "pursuant-to-sections", "type": "clause", "offset": [290, 310]}, {"key": "null-and-void", "type": "definition", "offset": [382, 395]}, {"key": "to-the-corporation", "type": "clause", "offset": [446, 464]}, {"key": "without-consideration", "type": "definition", "offset": [465, 486]}, {"key": "restrictions-on-disposition", "type": "clause", "offset": [529, 556]}, {"key": "in-effect", "type": "definition", "offset": [579, 588]}], "snippet": "No shares of Common Stock awarded hereunder or any interest therein may be sold, transferred, assigned, pledged or otherwise disposed of (any such action being hereinafter referred to as a \u201cDisposition\u201d) by the Grantee until such time as this restriction lapses with respect to such shares pursuant to Sections 3.1 or 3.2 hereof, and any attempt to make such a Disposition shall be null and void and result in the immediate forfeiture and return to the Corporation without consideration of any shares of Common Stock as to which restrictions on Disposition shall at such time be in effect.", "size": 18, "samples": [{"hash": "lymKAb5hYp0", "uri": "/contracts/lymKAb5hYp0#nontransferable", "label": "Restricted Stock Agreement (Igate Corp)", "score": 22.5564689636, "published": true}, {"hash": "iMt5NDumFUV", "uri": "/contracts/iMt5NDumFUV#nontransferable", "label": "Restricted Stock Agreement (Igate Corp)", "score": 22.5564689636, "published": true}, {"hash": "cMtKuPgu8ej", "uri": "/contracts/cMtKuPgu8ej#nontransferable", "label": "Restricted Stock Agreement (Igate Corp)", "score": 22.5564689636, "published": true}], "hash": "d09db6d31b41bddb959f750491910736", "id": 6}, {"snippet_links": [{"key": "share-awards", "type": "definition", "offset": [5, 17]}, {"key": "and-rights", "type": "clause", "offset": [18, 28]}, {"key": "plan-shares", "type": "definition", "offset": [32, 43]}, {"key": "a-participant", "type": "clause", "offset": [73, 86]}, {"key": "the-participant", "type": "clause", "offset": [115, 130]}, {"key": "in-writing", "type": "definition", "offset": [211, 221]}, {"key": "the-award", "type": "clause", "offset": [225, 234]}, {"key": "the-committee", "type": "clause", "offset": [238, 251]}, {"key": "pursuant-to-section", "type": "definition", "offset": [252, 271]}, {"key": "no-participant", "type": "clause", "offset": [278, 292]}, {"key": "assets-of-the-plan", "type": "definition", "offset": [348, 366]}, {"key": "the-parent", "type": "definition", "offset": [387, 397]}, {"key": "savings-bank", "type": "clause", "offset": [399, 411]}, {"key": "subject-to", "type": "clause", "offset": [434, 444]}, {"key": "claim-for-benefits", "type": "definition", "offset": [449, 467]}], "snippet": "Plan Share Awards and rights to Plan Shares shall not be transferable by a Participant, and during the lifetime of the Participant, Plan Shares may only be earned by and paid to the Participant who was notified in writing of the Award by the Committee pursuant to Section 6.03. No Participant or Beneficiary shall have any right in or claim to any assets of the Plan or Trust, nor shall the Parent, Savings Bank, or any Subsidiary be subject to any claim for benefits hereunder.", "size": 54, "samples": [{"hash": "9EvcLQLbSVc", "uri": "/contracts/9EvcLQLbSVc#nontransferable", "label": "Restricted Stock Plan and Trust Agreement (Guaranty Federal Bancshares Inc)", "score": 19.0, "published": true}, {"hash": "lhlsTwQE6NC", "uri": "/contracts/lhlsTwQE6NC#nontransferable", "label": "Restricted Stock Plan and Trust Agreement (Roebling Financial Corp Inc)", "score": 18.0, "published": true}, {"hash": "kWgSTyOfTTv", "uri": "/contracts/kWgSTyOfTTv#nontransferable", "label": "Restricted Stock Plan and Trust Agreement (Harrodsburg First Financial Bancorp Inc)", "score": 18.0, "published": true}], "hash": "80bdac248783d80a37feb29bdd1af1b9", "id": 2}, {"snippet_links": [{"key": "terms-of-the-plan", "type": "clause", "offset": [19, 36]}, {"key": "no-rights-granted", "type": "clause", "offset": [38, 55]}, {"key": "stock-issuable", "type": "clause", "offset": [103, 117]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [118, 144]}, {"key": "the-participant", "type": "clause", "offset": [185, 200]}, {"key": "any-other-person", "type": "definition", "offset": [208, 224]}, {"key": "the-laws", "type": "definition", "offset": [252, 260]}, {"key": "issuance-and-delivery-of-the-shares", "type": "clause", "offset": [359, 394]}, {"key": "attempted-transfer", "type": "clause", "offset": [443, 461]}, {"key": "other-disposition", "type": "definition", "offset": [485, 502]}, {"key": "contrary-to", "type": "definition", "offset": [503, 514]}, {"key": "provisions-of-the-plan", "type": "clause", "offset": [519, 541]}, {"key": "null-and-void", "type": "definition", "offset": [570, 583]}, {"key": "legal-effect", "type": "definition", "offset": [596, 608]}], "snippet": "As provided by the terms of the Plan, no rights granted under this Agreement, nor any shares of Common Stock issuable pursuant to this Agreement, shall be transferable or assignable by the Participant (or by any other person), other than by will or by the laws of descent and distribution, and they may not be pledged or hypothecated in any way, prior to the issuance and delivery of the shares of Common Stock pursuant to this Agreement. Any attempted transfer, assignment, pledge or other disposition contrary to the provisions of the Plan and this Agreement shall be null and void and without legal effect.", "size": 37, "samples": [{"hash": "iVC7KZsYfjF", "uri": "/contracts/iVC7KZsYfjF#nontransferable", "label": "Restricted Stock Unit Award Agreement (Primerica, Inc.)", "score": 35.1560592651, "published": true}, {"hash": "aM0AxDaOcFY", "uri": "/contracts/aM0AxDaOcFY#nontransferable", "label": "Restricted Stock Unit Award Agreement (Primerica, Inc.)", "score": 35.1560592651, "published": true}, {"hash": "4jpjCHGetmC", "uri": "/contracts/4jpjCHGetmC#nontransferable", "label": "Performance Stock Unit Award Agreement (Primerica, Inc.)", "score": 35.1560592651, "published": true}], "hash": "a8a0fa2a5428330ff0c3581334f5c480", "id": 3}, {"snippet_links": [{"key": "your-right-to-use", "type": "clause", "offset": [0, 17]}, {"key": "the-site", "type": "clause", "offset": [18, 26]}, {"key": "not-transferable", "type": "clause", "offset": [30, 46]}, {"key": "obtain-information", "type": "clause", "offset": [100, 118]}], "snippet": "Your right to use the Site is not transferable or assignable. Any password or right given to you to obtain information or documents is not transferable or assignable.", "size": 17, "samples": [{"hash": "hNhAdWN0DBj", "uri": "/contracts/hNhAdWN0DBj#nontransferable", "label": "Terms of Use Agreement", "score": 30.7515182495, "published": true}, {"hash": "7BgmNy08wQk", "uri": "/contracts/7BgmNy08wQk#nontransferable", "label": "Terms of Use Agreement", "score": 26.4429016113, "published": true}, {"hash": "etq47hRnvCy", "uri": "/contracts/etq47hRnvCy#nontransferable", "label": "Terms of Use Agreement", "score": 21.6420269012, "published": true}], "hash": "521f9273cc7c1c26743dd7ccaabf9de2", "id": 7}, {"snippet_links": [{"key": "other-manner", "type": "clause", "offset": [81, 93]}, {"key": "disposed-of", "type": "definition", "offset": [109, 120]}, {"key": "permitted-transfer", "type": "clause", "offset": [164, 182]}], "snippet": "The CPRs shall not be sold, assigned, transferred, pledged, encumbered or in any other manner transferred or disposed of, in whole or in part, other than through a Permitted Transfer.", "size": 14, "samples": [{"hash": "5I0owoDDYhp", "uri": "/contracts/5I0owoDDYhp#nontransferable", "label": "Merger Agreement", "score": 31.3408622742, "published": true}, {"hash": "kdRxnvekvDV", "uri": "/contracts/kdRxnvekvDV#nontransferable", "label": "Contingent Payment Rights Agreement", "score": 30.3408622742, "published": true}, {"hash": "6SiTzRWBbX4", "uri": "/contracts/6SiTzRWBbX4#nontransferable", "label": "Merger Agreement", "score": 26.1704311371, "published": true}], "hash": "8fddc94d06fc50e8d82d15aefd9125a2", "id": 8}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihhub250cmFuc2ZlcmFibGUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Nontransferable", "children": [["governing-law", "Governing Law"], ["expenses", "Expenses"], ["management-of-trust", "Management of Trust"], ["adjustments-for-capital-changes", "Adjustments for Capital Changes"], ["trust", "Trust"]], "size": 847, "parents": [["contingent-value-rights", "Contingent Value Rights"], ["miscellaneous", "Miscellaneous"], ["general-provisions", "General Provisions"], ["indemnification", "Indemnification"], ["restrictions-on-transfer", "Restrictions on Transfer"]], "id": "nontransferable", "related": [["option-nontransferable", "Option Nontransferable", "Option <strong>Nontransferable</strong>"], ["nontransferability", "Nontransferability", "Nontransferability"], ["nontransferability-of-award", "Nontransferability of Award", "Nontransferability of Award"], ["nontransferability-of-option", "Nontransferability of Option", "Nontransferability of Option"], ["not-transferable", "Not Transferable", "Not Transferable"]], "related_snippets": [], "updated": "2026-06-01T05:30:21+00:00", "also_ask": ["What exceptions to nontransferability should be negotiated to preserve business flexibility?", "Which specific assets or rights must be clearly identified as nontransferable to avoid ambiguity?", "How do courts interpret and enforce nontransferable clauses in cases of mergers or bankruptcy?", "What are the most common pitfalls that render nontransferable clauses unenforceable?", "How does the nontransferable clause compare to anti-assignment provisions under relevant law?"], "drafting_tip": "Specify prohibited transfers, clarify exceptions, and define consequences to prevent ambiguity, ensure enforceability, and deter unauthorized assignments.", "explanation": "A Nontransferable clause prohibits the transfer or assignment of rights, obligations, or interests under an agreement to another party without prior consent. In practice, this means that a party cannot sell, assign, or otherwise hand over their contractual position to someone else, such as transferring a lease or a license to a third party. This clause ensures that the original parties retain control over who is involved in the agreement, thereby protecting against unwanted or unapproved changes in the contractual relationship."}, "json": true, "cursor": ""}}