Transferability Clause Example from Business Contracts

This example Transferability clause appears in 3 contracts from 1 company

Transferability. Your DPUs are not transferable, except by will or by the laws of descent and distribution. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party (your "Beneficiary") who, in the event of your death, shall then be entitled to receive the DPU Shares, if any, payable as of the date of your death.
Found in WD-40 Company contract
WD-40 Company Contracts

WD-40 Company 2016 Stock Incentive Plan FY 2017 Deferred Performance Unit Award Agreement (Filed With SEC on October 22, 2018)

WD-40 Company 2007 Stock Incentive Plan Deferred Performance Unit Award Agreement (2016) (Filed With SEC on October 24, 2016)

WD-40 Company Deferred Performance Unit Award Agreement under 2007 Stock Incentive Plan (Filed With SEC on November 19, 2014)