Transferability Clause Example from Business Contracts
This example Transferability clause appears in 2 contracts from 1 company
Transferability. This Award may not be transferred, assigned, pledged or hypothecated in any manner, or be subject to execution, attachment or similar process, by operation of law or otherwise, unless otherwise provided under the Plan. Any purported transfer or encumbrance in violation of the provisions of this Section 5 shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in the Cash Award Amount.
Williams Industrial Services Group Inc. Contracts
Form of Cash-Based Performance-Based Award Agreement (Filed With SEC on August 14, 2019)
Form of Global Power Equipment Group Inc. Cash-Based Award Agreement (dated April 17, 2017) (Filed With SEC on December 19, 2017)