Common use of Nontransferability of Award Clause in Contracts

Nontransferability of Award. The Award may not be transferred by the Holder other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Company. Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Companydistribution. Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may and any rights thereunder shall not be transferred by the Holder transferable other than by will or the laws of descent and distribution or pursuant to the any Beneficiary designation of one or more beneficiaries on the form prescribed procedures as may approved by the CompanyCommittee for such purpose. Except to the extent as permitted by the foregoing preceding sentence, the Award may shall not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt by the Participant to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder thereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder other than by will or the laws of descent and distribution or or, to the extent permitted by the Committee, pursuant to the designation of one or more beneficiaries on the form prescribed by the Company, a trust or entity established by the Holder for estate planning purposes, a charitable organization designated by the Holder or pursuant to a qualified domestic relations order, in each case, without consideration. Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Company. Except to the extent permitted by the foregoing sentence, the Award may any rights thereunder shall not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder Participant other than by will or will, the laws of descent and distribution or pursuant to the beneficiary designation of one or more beneficiaries on the form prescribed procedures approved by the CompanyCompany consistent with this Agreement. Except to the extent permitted by the foregoing sentenceforegoing, the Shares subject to the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecatehypothecate or encumber, encumber or otherwise dispose of the Awardsuch Shares, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The This Award may not be transferred by the Holder Employee other than by will or the laws of descent and distribution or pursuant to the beneficiary designation of one or more beneficiaries on the form prescribed procedures approved by the CompanyCommittee. Except to the extent permitted by the foregoing sentenceforegoing, the this Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the this Award, the this Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Company. Except to the extent permitted by the foregoing sentence, the This Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecatehypothecate or encumber, encumber or otherwise dispose of the Awardthis Award or any shares of Common Stock subject hereto that have not vested and been issued pursuant to Section 5.5, the this Award and all rights hereunder any obligation of the Company with respect to the shares subject hereto shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder Participant other than by will or will, the laws of descent and distribution or pursuant to the beneficiary designation of one or more beneficiaries on the form prescribed procedures approved by the CompanyCompany consistent with this Agreement. Except to the extent permitted by the foregoing sentenceforegoing, the Participant’s rights under the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecatehypothecate or encumber, encumber or otherwise dispose of the Awardsuch rights, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder other than by will or will, the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Companyconsistent with this Agreement. Except to the extent permitted by the foregoing sentenceforegoing, the shares of Common Stock subject to the Award and not then vested may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecatehypothecate or encumber, encumber or otherwise dispose of the Awardsuch shares, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may and any rights thereunder shall not be transferred by the Holder transferable other than by will or the laws of descent and distribution or pursuant to the any beneficiary designation of one or more beneficiaries on the form prescribed procedures as may be approved by the CompanyCommittee for such purpose. Except to the extent as permitted by the foregoing preceding sentence, the Award may shall not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt by the Participant to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder thereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder other than by will or the laws of descent and distribution or or, to the extent permitted by the Plan Administrator, pursuant to the designation of one or more beneficiaries on the form prescribed by the Company, a trust or entity established by the Holder for estate planning purposes, a charitable organization designated by the Holder or pursuant to a qualified domestic relations order, in each case, without consideration. Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder Participant other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Company. Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the a form prescribed by the Company. Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.

Nontransferability of Award. The Award may not be transferred by the Holder Grantee other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Company. Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.