Common use of Transfers Upon Death Clause in Contracts

Transfers Upon Death. No transfer by will or the laws of descent and distribution of the Incentive Award granted hereunder, or the right to exercise such Incentive Award, shall be effective to bind the Company unless the Committee shall have been furnished with (a) written notice thereof and with a copy of the will and/or such evidence as the Committee may deem necessary to establish the validity of the transfer and (b) an agreement by the transferee to comply with all the terms and conditions of the Incentive Award that are or would have been applicable to the Participant and to be bound by the acknowledgements made by the Participant in connection with the grant of the Incentive Award.

Appears in 4 contracts

Samples: Restricted Stock Agreement 2002 Employee Stock Incentive Plan (Southwestern Energy Co), Restricted Stock Agreement (Southwestern Energy Co), Restricted Stock Agreement 2004 Stock Incentive Plan (Southwestern Energy Co)

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