Transferability of Awards Clause Example from Business Contracts
This example Transferability of Awards clause appears in 2 contracts from 2 companies
Transferability of Awards. Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, or otherwise transferred in any manner other than by will or by the laws of descent 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.
Found in
SIERRA MONITOR CORP contract
SIERRA MONITOR CORP Contracts
SIERRA MONITOR CORPORATION 2016 EQUITY INCENTIVE PLAN (Filed With SEC on May 20, 2016)