Grant is Not Transferable Clause Example from Business Contracts

This example Grant is Not Transferable clause appears in 20 contracts from 13 companies

Grant is Not Transferable. Except to the limited extent provided in Section 6, this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment ...or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. View More Arrow