Nontransferability Clause Example from Business Contracts

This example Nontransferability clause appears in 2 contracts from 1 company

Nontransferability. PSUs awarded pursuant to this Agreement may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated (a "Transfer") other than by will or by the laws of descent and distribution, except as provided in the Plan. If any Transfer, whether voluntary or involuntary, of PSUs is made, or if any attachment, execution, garnishment, or lien will be issued against or placed upon the PSUs, the Participant's right to such PSUs will be immediately forfeited to the Company, and this A...greement will lapse. View More
Found in Ameren Corp contract
Ameren Corp Contracts

Form of Performance Share Unit Award Agreement (Relative Total Shareholder Return metric) for awards issued in 2023 pursuant to 2022 Omnibus Incentive Compensation Plan (Filed With SEC on February 22, 2023)

Form of Performance Share Unit Award Agreement (Clean Energy Transition metric) for awards issued in 2023 pursuant to 2022 Omnibus Incentive Compensation Plan (Filed With SEC on February 22, 2023)