Non-Assignability Contract Clauses (384)

Grouped Into 15 Collections of Similar Clauses From Business Contracts

This page contains Non-Assignability clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Non-Assignability. The Option shall not be transferable by the Participant otherwise than by will or by the laws of descent and distribution. If this Option is a Non-Qualified Option then it may also be transferred pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act or the rules thereunder. Except as provided above in this paragraph, the Option shall be exercisable, during the Participant's lifetime, only by the Participant (or, in the e...vent of legal incapacity or incompetency, by the Participant's guardian or representative) and shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of the Option or of any rights granted hereunder contrary to the provisions of this Section 7, or the levy of any attachment or similar process upon the Option shall be null and void. View More
Non-Assignability. The Option shall not be transferable by the Participant otherwise than (i) by will or will, (ii) by the laws of descent and distribution. If this Option is a Non-Qualified Option then it may also be transferred distribution, (iii) pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act or the rules thereunder. thereunder, or (iv) for no consideration to or for the benefit of the Participant's Immediate Family (including, w...ithout limitation, to a trust for the benefit of the Participant's Immediate Family or to a partnership or limited liability company for one or more members of the Participant's Immediate Family), and the transferee shall remain subject to all the terms and conditions applicable to the Option prior to such transfer and each such transferee shall so acknowledge in writing as a condition precedent to the effectiveness of such transfer. The term "Immediate Family" shall mean the Participant's spouse, former spouse, parents, children, stepchildren, adoptive relationships, sisters, brothers, nieces, nephews and grandchildren (and, for this purpose, shall also include the Participant). Except as provided above in this paragraph, the Option shall be exercisable, during the Participant's lifetime, only by the Participant (or, in the event of legal incapacity or incompetency, by the Participant's guardian or representative) and shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of the Option or of any rights granted hereunder contrary to the provisions of this Section 7, or the levy of any attachment or similar process upon the Option shall be null and void. View More
Non-Assignability. The Option shall not be transferable by the Participant Grantee otherwise than by will or by the laws of descent and distribution. If this Option is a Non-Qualified Option then it may also be transferred pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act or the rules thereunder. Except as provided above in this paragraph, the Option distribution and shall be exercisable, during the Participant's Grantee's lifetime, on...ly by the Participant (or, in the event of legal incapacity or incompetency, by the Participant's guardian or representative) and Grantee. The Option shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of the Option or of any rights granted hereunder contrary to the provisions of this Section 7, 5, or the levy of any attachment or similar process upon the Option or such right, shall be null and void. View More
Non-Assignability. The Option shall not be transferable by the Participant otherwise than by will or by the laws of descent and distribution. If this Option is a Non-Qualified Option then it may also be transferred (i) pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act or the rules thereunder. thereunder or (ii) for no consideration to or for the benefit of the Participant's Immediate Family (including, without limitation, to a trust fo...r the benefit of the Participant's Immediate Family or to a partnership or limited liability company for one or more members of the Participant's Immediate Family), and the transferee shall remain subject to all the terms and conditions applicable to the Option prior to such transfer and each such transferee shall so acknowledge in writing as a condition precedent to the effectiveness of such transfer. The term "Immediate Family" shall mean the Participant's spouse, former spouse, parents, children, stepchildren, adoptive relationships, sisters, brothers, nieces, nephews and grandchildren (and, for this purpose, shall also include the Participant.). Except as provided above in this paragraph, the Option shall be exercisable, during the Participant's lifetime, only by the Participant (or, in the event of legal incapacity or incompetency, by the Participant's guardian or representative) and shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of the Option or of any rights granted hereunder contrary to the provisions of this Section 7, or the levy of any attachment or similar process upon the Option shall be null and void. View More
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Non-Assignability. The Restricted Share Units and the Common Shares subject to this grant of Restricted Share Units are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units and Common Shares may be transferred by will or pursuant to the laws of descent and distribution or pursuant to a d...omestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). Any purported transfer or encumbrance in violation of the provisions of this Section 10, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units or Common Shares. View More
Non-Assignability. The Restricted Share Units Performance Shares and the Common Shares subject to this grant of Restricted Share Units Performance Shares are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested earned as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units Performance Shares and Common Shares may be transferred by will or pur...suant to the laws of descent and distribution or pursuant to a domestic relations order (within the meaning Page 4 of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). Any purported transfer or encumbrance in violation of the provisions of this Section 10, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units Performance Shares or Common Shares. View More
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Non-Assignability. Neither this Agreement nor any right or interest hereunder shall be assignable by the EMPLOYEE, his beneficiaries or legal representatives without the COMPANY's prior written consent; provided, however, that nothing in this Section 7 shall preclude the EMPLOYEE from designating a beneficiary to receive any benefits payable hereunder upon his death or the executors, administrators or other legal representatives of the EMPLOYEE or his estate from assigning any rights hereunder to the person or per...sons entitled thereto. View More
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the EMPLOYEE, his beneficiaries Employee, Employee's beneficiaries, or legal representatives without the COMPANY's Company's prior written consent; provided, however, that nothing in this Section 7 9(a) shall preclude the EMPLOYEE Employee from designating a beneficiary to receive any benefits benefit payable hereunder upon his Employee's death or the executors, administrators incapacity. (b) Except as required... by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or other legal representatives hypothecation or to exclusion, attachment, levy or similar process or assignment by operation of the EMPLOYEE law, and any attempt, voluntary or his estate from assigning involuntary, to effect any rights hereunder to the person or persons entitled thereto. such action shall be null, void and of no effect. View More
Non-Assignability. Neither this Agreement nor any right or interest hereunder shall be assignable by the EMPLOYEE, Executive, his beneficiaries beneficiaries, or legal representatives without the COMPANY's Company's prior written consent; provided, however, that nothing in this Section 7 subparagraph shall preclude the EMPLOYEE (i) Executive from designating a beneficiary to receive any benefits benefit payable hereunder upon his death death, or (ii) the executors, administrators administrators, or other legal rep...resentatives of the EMPLOYEE Executive or his estate from assigning any rights hereunder to the person or persons entitled thereto. thereunto. View More
Non-Assignability. Neither this Agreement nor any right or interest hereunder shall be assignable by the EMPLOYEE, Executive or his beneficiaries or legal representatives without the COMPANY's Company's prior written consent; provided, however, that nothing in this Section 7 14 shall preclude the EMPLOYEE Executive from designating a beneficiary to receive any benefits payable hereunder upon his death or the executors, administrators or other legal representatives of the EMPLOYEE Executive or his estate from assig...ning any rights hereunder to the person or persons entitled thereto. View More
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Non-Assignability. Unless otherwise provided by the Committee in its discretion, PSs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 11 of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of a PS in violation of the provisions of this Section 8 and Section 11 of the Plan shall be void.
Non-Assignability. Unless otherwise provided by the Committee in its discretion, PSs RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 11 of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of a PS RSU in violation of the provisions of this Section 8 7 and Section 11 of the Plan shall be void.
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Non-Assignability. This Instrument is not assignable or transferable by Employee. No right or interest of Employee under this Instrument or the Plan may be assigned, transferred or alienated, in whole or in part, either directly or by operation of law (except pursuant to a qualified domestic relations order within the meaning of Section 414(p) of the Code or a similar domestic relations order under applicable foreign law, either in such form as is acceptable to the committee), and no such right or interest shall b...e liable for or subject to any debt, obligation or liability of Employee. View More
Non-Assignability. This Instrument is not assignable or transferable by Employee. No right or interest of Employee under this Instrument or the Plan may be assigned, transferred or alienated, in whole or in part, either directly or by operation of law (except pursuant to a qualified domestic relations order within Exhibit 10.2 the meaning of Section 414(p) of the Code or a similar domestic relations order under applicable foreign law, either in such form as is acceptable to the committee), and no such right or int...erest shall be liable for or subject to any debt, obligation or liability of Employee. View More
Non-Assignability. This Instrument is not assignable or transferable by Employee. Director. No right or interest of Employee Director under this Instrument or the Plan may be assigned, transferred or alienated, in whole or in part, either directly or by operation of law (except by will or the laws of descent and distribution or pursuant to a qualified domestic relations order within the meaning of Section 414(p) of the Code or a similar domestic relations order under applicable foreign law, either in such form as ...is acceptable to the committee), Board), and no such right or interest shall be liable for or subject to any debt, obligation or liability of Employee. Director. View More
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Non-Assignability. The Subject Award is not assignable or transferable by Participant, and, unless and until Units with respect to Restricted Incentive Units are delivered to Participant upon vesting, such Restricted Incentive Units shall not be assigned, alienated, pledged, attached sold or otherwise transferred or encumbered by Participant in any manner.
Non-Assignability. The Neither the Subject Award nor the Restricted Incentive Units is not assignable or transferable by Participant, and, unless and until Units with respect to Restricted Incentive Units are delivered to Participant upon vesting, such the Restricted Incentive Units shall not be assigned, alienated, pledged, attached sold attached, sold, or otherwise transferred or encumbered by Participant in any manner.
Non-Assignability. The Neither the Subject Award nor the Restricted Incentive Units is not assignable or transferable by Participant, and, unless and until Units with respect to Restricted Incentive Units are delivered to Participant upon vesting, such the Restricted Incentive Units shall not be assigned, alienated, pledged, attached sold attached, sold, or otherwise transferred or encumbered by Participant in any manner.
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Non-Assignability. An Option shall not be assignable or transferable by Employee except by will or by the laws of descent and distribution.
Non-Assignability. An Option The RSUs shall not be assignable or transferable by Employee except by will or by the laws of descent and distribution.
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Non-Assignability. The Option shall not be transferable by the Optionee and shall be exercisable only by the Optionee, except as the Plan or this Agreement may otherwise provide.
Non-Assignability. The New Option shall not be transferable by the Optionee and shall be exercisable only by the Optionee, except as the Plan or this Agreement may otherwise provide.
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Non-Assignability. None of the payments, benefits or rights of any Executive shall be subject to any claim of any creditor, and, in particular, to the fullest extent permitted by law, all such payments, benefits and rights shall be free from attachment, garnishment, trustee's process or any other legal or equitable process available to any creditor of such Executive. Except as otherwise provided herein or by law, no right or interest of any Executive under this Plan shall be assignable or transferable, in whole or... in part, either directly or by operation of law or otherwise, including without limitation by execution, levy, garnishment, attachment or pledge; no attempted assignment or transfer thereof shall be effective; and no right or interest of any Executive under this Plan shall be subject to any obligation or liability of such Executive. 8 16. No Rights to Continued Employment. Neither the adoption of this Plan, nor any amendment hereof, nor the creation of any fund, trust or account, nor the payment of any benefits, shall be construed as giving any Executive the right to be retained in the service of the Company or any of its Subsidiaries, and all Executives shall remain subject to discharge to the same extent as if this Plan had not been adopted. View More
Non-Assignability. None of the payments, benefits or rights of any Executive shall be subject to any claim of any creditor, and, in particular, to the fullest extent permitted by law, all such payments, benefits and rights shall be free from attachment, garnishment, trustee's process or any other legal or equitable process available to any creditor of such Executive. Except as otherwise provided herein or by law, no right or interest of any Executive under this Plan shall be assignable or transferable, in whole or... in part, either directly or by operation of law or otherwise, including without limitation by execution, levy, garnishment, attachment or pledge; no attempted assignment or transfer thereof shall be effective; and no right or interest of any Executive under this Plan shall be subject to any obligation or liability of such Executive. 8 16. No Rights to Continued Employment. Neither the adoption of this Plan, nor any amendment hereof, nor the creation of any fund, trust or account, nor the payment of any benefits, shall be construed as giving any Executive the right to be retained in the service of the Company or any of its Subsidiaries, and all Executives shall remain subject to discharge to the same extent as if this Plan had not been adopted. View More
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Non-Assignability. The Incentive Awards are personal to you and are not transferable by you other than by will or the laws of descent and distribution. Any purported transfer or encumbrance in violation of the provisions of this Section 1 shall be void, and the other party to any such purported transaction shall not obtain any right to or interest in such Incentive Awards.
Non-Assignability. The Incentive Awards are Award is personal to you and are is not transferable by you other than by will or the laws of descent and distribution. Any purported transfer or encumbrance in violation of the provisions of this Section 1 shall be void, and the other party to any such purported transaction shall not obtain any right to or interest in such Incentive Awards. Award.
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