Non-Transferability of Awards Clause Example with 13 Variations from Business Contracts

This page contains Non-Transferability of Awards clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Non-Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award shall contain such additional terms and conditions as the Administrator deems appropriate.
Found in Nuance Communications, Inc. contract

Variations of a "Non-Transferability of Awards" Clause from Business Contracts

Non-Transferability of Awards. Unless Except as determined otherwise by the Administrator, an Award Administrator in its sole discretion (but never a transfer in exchange for value), Awards may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If Participant, without the Administrator makes an Award transferable, such Award shall contain such ...additional terms and conditions as prior written consent of the Administrator deems appropriate. Administrator. View More
Found in 3 Contracts from Juniper Networks
Non-Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, recipient, only by the Participant. recipient. Notwithstanding the foregoing, in no event may an Award be sold, pledged, assigned, hypothecated, transferred, or disposed of for consideration absent stockholder approval. If the... Administrator makes an Award transferable, transferable in accordance with this Section 13, the Award Documentation for such Award shall contain such additional terms and conditions as the Administrator deems appropriate. View More
Found in Advanced Micro Devices Inc contract
Non-Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will manner, except to the Participant's estate or by the laws of descent or distribution legal representative, and may be exercised, during the lifetime of the Participant, only by the Participant. Participant, although the Administrator, in its discretion, may permit Award transfers for purposes of estate planning or charitable giv...ing. If the Administrator makes an Award transferable, such Award shall will contain such additional terms and conditions as the Administrator deems appropriate. View More
Found in EPIEN MEDICAL, INC. contract
Non-Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, including, without limitation, by instrument to an inter vivos or testamentary trust in which the Awards are to be passed to beneficiaries upon the dea...th of the trustor (settlor) or by gift to Family Members, such Award shall will contain such additional terms and conditions as the Administrator deems appropriate. View More
Found in Sarepta Therapeutics, Inc. contract
Non-Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, recipient, only by the Participant. recipient. In no event may an Award be transferred in exchange for consideration. If the Administrator makes an Award transferable, such Award shall contain such additional terms and conditi...ons as the Administrator deems appropriate. View More
Found in 2 Contracts from Microchip Technology
Non-Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award shall will contain such additional terms and conditions as the Administrator deems appropriate. Notwithstanding anything to the contrary in ...the Plan, in no event will the Administrator have the right to determine and implement the terms and conditions of any Award Transfer Program without stockholder approval. View More
Found in 5 Contracts from Dolby Laboratories, Inc.
Non-Transferability of Awards. Unless Except as determined otherwise by the Administrator, an Award Administrator in its sole discretion (but never a transfer in exchange for value), Awards may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. Participant, without the prior written consent of the Administrator. If the Administrator makes an Aw...ard transferable, such Award shall contain such additional terms and conditions as the Administrator deems appropriate. View More
Found in GOLD TORRENT CANADA INC contract
Non-Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, recipient, only by the Participant. recipient. If the Administrator makes an Award transferable, such Award shall contain such additional terms and conditions as the Administrator deems appropriate.
Found in 2 Contracts from 2 Companies
Non-Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will manner, except to the Participant's estate or by the laws of descent or distribution legal representative, and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award shall will contain such additional terms and conditions as the Administrato...r deems appropriate. View More
Found in Ispire Technology Inc. contract
Non-Transferability of Awards. (a) General. Unless determined otherwise by the Administrator, an Award Awards may not be sold, pledged, assigned, hypothecated, transferred, transferred or disposed of in any manner other than by will or by the laws of descent or distribution and distribution. The designation of a beneficiary by a Participant will not constitute a transfer. An Option may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award sh...all will contain such additional terms and conditions as the Administrator deems appropriate. View More
Found in 4 Contracts from Elastic N.V.