Non-Transferability Clause Example from Business Contracts

This example Non-Transferability clause appears in 3 contracts from 1 company

Non-Transferability. Unless the Committee determines otherwise, no portion of the PSUs may be sold, assigned, transferred, encumbered, hypothecated or pledged by the Participant, other than to the Company as a result of forfeiture of the PSUs as provided herein, unless and until settlement is made in respect of vested PSUs in accordance with the provisions hereof and the Participant has become the holder of record of the vested shares of Common Stock issuable hereunder.