Nontransferability Clause Example from Business Contracts

This example Nontransferability clause appears in 6 contracts from 1 company

Nontransferability. This Award may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated ("Transfer"), other than by will or by the laws of descent and distribution, except as provided in the Plan. If any prohibited Transfer, whether voluntary or involuntary, of the Award is attempted to be made, or if any attachment, execution, garnishment, or lien shall be attempted to be issued against or placed upon this Award, your right to receive any payment pursuant to the terms of this Award s...hall be immediately and automatically be forfeited, and this Award Agreement shall be null and void. View More