Transferability of Awards Clause Example with 11 Variations from Business Contracts
This page contains Transferability of Awards 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.
Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award will contain such additional terms and conditions as the Administrator deems appropriate.
Found in
Alector, Inc. contract
Variations of a "Transferability of Awards" Clause from Business Contracts
Transferability of Awards. Unless determined otherwise by the Administrator, an Award Awards may not be sold, pledged, assigned, hypothecated, transferred, or disposed of otherwise transferred in any manner other than by will or by the laws of descent or distribution and distribution, and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award will contain such additional terms and conditions as the Administrator deems appropriate.
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