Non-Transferability Clause Example with 23 Variations from Business Contracts

This page contains Non-Transferability 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. Except as otherwise may be provided in this Paragraph 13 or as otherwise may be provided by the Committee, the limitations on transferability set forth in Section 3.5 of the Plan will apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 or Section 3.5 of the Plan will be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted Shares may transfer some or all of their Restricted Shares (which will cont...inue to be subject to Transfer Restrictions until the Transferability Date) through a gift for no consideration to any immediate family member, a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. View More

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

Non-Transferability. Except as otherwise may be provided in this Paragraph 13 or as otherwise may be provided by the Committee, the limitations on transferability set forth in Section 3.5 of the Plan will shall apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 or Section 3.5 of the Plan will shall be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted Shares Year-End RSUs may transfer some or all of their Restrict...ed Year-End RSUs and/or Shares at Risk (which will shall continue to be subject to Transfer Restrictions until the [Applicable] Transferability Date) through a gift for no consideration to any immediate family member, member (as determined pursuant to the procedures) or a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. interest (as determined pursuant to the procedures). 14. Governing Law. THIS AWARD SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS. View More
Non-Transferability. Except as otherwise may be provided in this Paragraph 13 or as otherwise may be provided by the Committee, the limitations on transferability set forth in Section 3.5 of the Plan will shall apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 or Section 3.5 of the Plan will shall be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted Shares Year-End Short-Term RSUs may transfer some or all of the...ir Restricted Shares (which will continue to be subject to Transfer Restrictions until the Transferability Date) Year-End Short-Term RSUs through a gift for no consideration to any immediate family member, member (as determined pursuant to the procedures) or a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. interest (as determined pursuant to the procedures). View More
Non-Transferability. Except as otherwise may be provided in this Paragraph 13 or as otherwise may be provided by the Committee, the limitations on transferability set forth in Section 3.5 of the Plan will shall apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 or Section 3.5 of the Plan will shall be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted Shares Year-End RSUs may transfer some or all of their Restrict...ed Year-End RSUs and/or Shares at Risk (which will shall continue to be subject to Transfer Restrictions until the Transferability Date) through a gift for no consideration to any immediate family member, member (as determined pursuant to the procedures) or a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. interest (as determined pursuant to the procedures). 14. Governing Law. THIS AWARD SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS. View More
Non-Transferability. Except as otherwise may be provided in this Paragraph 13 [13][14] or as otherwise may be provided by the Committee, the limitations on transferability set forth in Section 3.5 of the Plan will apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 [13][14] or Section 3.5 of the Plan will be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted Shares RSUs may transfer some or all of their Restricted ...RSUs [and/or Shares at Risk (which will continue to be subject to Transfer Restrictions until the applicable Transferability Date) Date)] through a gift for no consideration to any immediate family member, a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. View More
Non-Transferability. Except as otherwise may be provided in this Paragraph 13 or as otherwise may be provided by the Committee, the limitations on transferability set forth in Section 3.5 of the Plan will shall apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 or Section 3.5 of the Plan will shall be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted Shares Fixed Allowance RSUs may transfer some or all of their R...estricted Fixed Allowance RSUs and/or Shares at Risk (which will shall continue to be subject to Transfer Restrictions until the Transferability Date) through a gift for no consideration to any immediate family member, member (as determined pursuant to the procedures) or a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. interest (as determined pursuant to the procedures). View More
Non-Transferability. Except as otherwise may be provided in this Paragraph 13 or as otherwise may be provided by the Committee, and without limiting Paragraph 3(c) hereof, the limitations on transferability set forth in Section 3.5 of the Plan will shall apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 or Section 3.5 of the Plan will shall be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted Shares may transfer... some or all of their Restricted Shares (which will shall continue to be subject to the Transfer Restrictions until the Transferability Date) through a gift for no consideration to any immediate family member, member (as determined pursuant to the procedures) or a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. interest (as determined pursuant to the procedures). 10 14. Governing Law. THIS AWARD SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS. View More
Non-Transferability. Except as otherwise may be provided in this Paragraph 13 or as otherwise may be provided by the Committee, the limitations on transferability set forth in Section 3.5 of the Plan will shall apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 or Section 3.5 of the Plan will shall be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted Shares Year-End RSUs may transfer some or all of their Restrict...ed Year-End RSUs and/or Shares at Risk (which will shall continue to be subject to Transfer Restrictions until the Applicable Transferability Date) through a gift for no consideration to any immediate family member, member (as determined pursuant to the procedures) or a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. interest (as determined pursuant to the procedures). View More
Non-Transferability. Except as otherwise may be provided in this Paragraph 13 or as otherwise may be provided by the Committee, the limitations on transferability set forth in Section 3.5 of the Plan will shall apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 or Section 3.5 of the Plan will shall be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted Shares Year-End RSUs may transfer some or all of their Restrict...ed Year-End RSUs and/or Shares at Risk (which will shall continue to be subject to Transfer Restrictions until the Transferability Date) through a gift for no consideration to any immediate family member, member (as determined pursuant to the procedures) or a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. interest (as determined pursuant to the procedures). View More
Non-Transferability. Except as otherwise may be provided in this Paragraph 13 or as otherwise may be provided by the Committee, and without limiting Paragraph 3(c) hereof, the limitations on transferability set forth in Section 3.5 of the Plan will shall apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 or Section 3.5 of the Plan will shall be void. The Committee may adopt procedures pursuant to which some or all recipients of Short-Term Restricted Shares m...ay transfer some or all of their Short-Term Restricted Shares (which will shall continue to be subject to the Transfer Restrictions until the Transferability Date) through a gift for no consideration to any immediate family member, member (as determined pursuant to the procedures) or a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. interest (as determined pursuant to the procedures). View More
Non-Transferability. Except as otherwise may be provided in this Paragraph 13 14 or as otherwise may be provided by the Committee, the limitations on transferability set forth in Section 6(b) of the LTIP and Section 3.5 of the Plan will apply to this Award. Any purported transfer or assignment in violation of the provisions of this Paragraph 13 14, Section 6(b) of the LTIP or Section 3.5 of the Plan will be void. The Committee may adopt procedures pursuant to which some or all recipients of Restricted PSUs and Share...s at Risk may transfer some or all of their Restricted PSUs[ or Shares at Risk (which will continue to be subject to Transfer Restrictions until the Transferability Date) Date)] through a gift for no consideration to any immediate family member, a trust or other estate planning vehicle approved by the Committee or SIP Committee in which the recipient and/or the recipient's immediate family members in the aggregate have 100% of the beneficial interest. View More