Non‐Assignability Clause Example with 4 Variations from Business Contracts

This page contains Non‐Assignability 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‐Assignability. Upon the Participant's death, the Restricted Shares shall be transferred to the Participant's designated beneficiary on file with the Plan's third party stock plan administrator or, if none, to the Participant's estate. Otherwise, the Participant may not sell, transfer, assign, pledge or otherwise encumber any portion of the Restricted Shares, and any attempt to sell, transfer, assign, pledge, or encumber any portion of the Restricted Shares shall have no effect.
Found in Marathon Oil Corp. contract

Variations of a "Non‐Assignability" Clause from Business Contracts

Non‐Assignability. Upon the Participant's death, the Restricted Shares Units shall vest in accordance with section 2(b) above, and shares of Common Stock shall be transferred to the Participant's designated beneficiary on file with the Plan's third party stock plan administrator or, if none, to the Participant's estate. Otherwise, the Participant may not sell, transfer, assign, pledge or otherwise encumber any portion of the Restricted Shares, Units, and any attempt to sell, transfer, assign, pledge, or encumber a...ny portion of the Restricted Shares Units shall have no effect. View More
Found in Marathon Oil Corp. contract
Non‐Assignability. Upon the Participant's death, the Restricted Shares Units shall be transferred to the Participant's designated beneficiary on file with the Plan's third party stock plan administrator or, if none, to the Participant's estate. Otherwise, the Participant may not sell, transfer, assign, pledge or otherwise encumber any portion of the Restricted Shares, Units, and any attempt to sell, transfer, assign, pledge, or encumber any portion of the Restricted Shares Units shall have no effect.
Found in Marathon Oil Corp. contract
Non‐Assignability. Upon the Participant's death, the Restricted Shares Units shall vest in accordance with Section 2(b) above, and shares of Common Stock shall be transferred to the Participant's designated beneficiary on file with the Plan's third party stock plan administrator or, if none, to the Participant's estate. Otherwise, the Participant may not sell, transfer, assign, pledge or otherwise encumber any portion of the Restricted Shares, Units, and any attempt to sell, transfer, assign, pledge, or encumber a...ny portion of the Restricted Shares Units shall have no effect. View More
Found in Marathon Oil Corp. contract
Non‐Assignability. Upon the Participant's death, the Restricted Shares shall be transferred to the Participant's designated beneficiary on file with the Plan's third party stock plan administrator or, if none, to the Participant's estate. Otherwise, the Participant may not sell, transfer, assign, pledge or otherwise encumber any portion of the Restricted Shares, and any attempt to sell, transfer, assign, pledge, or encumber any portion of the Restricted Shares shall have no effect.
Found in Marathon Oil Corp. contract