Limited Transferability Clause Example with 14 Variations from Business Contracts

Limited Transferability. Prior to the actual issuance of the Shares that which vest hereunder, Participant may not transfer any interest in the restricted stock units Performance Shares subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units Performance Shares or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, any Shares which vest hereunder but othe...rwise remain unissued at the time of Participant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation to issue record the stock certificates for ownership of any Shares which in fact vest and become issuable hereunder to one or more designated Family Members or in the name of a revocable living trust established for the exclusive benefit of Participant and/or or Participant and his or her Family Members. spouse. Participant may make such a beneficiary designation or certificate ownership directive at any time by filing the appropriate form with the Plan Administrator or its designee. View More

Limited Transferability. Prior to the actual issuance of the Shares that vest hereunder, Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, any Shares which vest hereunder but otherwise remain unissued at the time of Partici...pant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Award, and in such event, the Shares shall be issued to the applicable transferee(s) in accordance with the distribution date or event and method of distribution specified by Participant in his or her Deferral Election. Participant may also direct the Corporation to issue the stock certificates for any Shares which in fact vest and become issuable hereunder to Participant during his or her lifetime to one or more designated Family Members or a trust established for Participant and/or his or her Family Members. Any such issuance shall be effected in accordance with the distribution date or event and method of distribution specified by Participant in his or her Deferral Election. Participant may make such a beneficiary designation or certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. View More

Limited Transferability. Prior to the actual issuance of the Shares that which vest hereunder, Participant may not transfer any interest in the restricted stock units Performance Share Units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, any Shares which vest hereunder but otherwise remain u...nissued at the time of Participant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation to issue record the stock certificates for ownership of any Shares which in fact vest and become issuable hereunder to one or more designated Family Members or in the name of a revocable living trust established for the exclusive benefit of Participant and/or or Participant and his or her Family Members. spouse. Participant may make such a beneficiary designation or certificate ownership directive at any time by filing the appropriate form with the Plan Administrator or its designee. View More

Limited Transferability. Prior to the actual issuance of the Shares that which vest hereunder, Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, any Shares which vest hereunder but otherwise remain unissued at the time of P...articipant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation to issue record the stock certificates for ownership of any Shares which in fact vest and become issuable hereunder to one or more designated Family Members or in the name of a revocable living trust established for the exclusive benefit of Participant and/or or Participant and his or her Family Members. spouse. Participant may make such a beneficiary designation or certificate ownership directive at any time by filing the appropriate form with the Plan Administrator or its designee. View More