Transferability Clause Example from Business Contracts

This example Transferability clause appears in 4 contracts from 1 company

Transferability. (a) Except as otherwise determined by the Board, no Option, Stock Appreciation Right or other Award shall be transferable by the Participant except by will or the laws of descent and distribution, and in no event shall any such Award be transferred for value. Except as otherwise determined by the Board, Options and Stock Appreciation Rights will be exercisable during the Participant's lifetime only by him or her or, in the event of the Participant's legal incapacity to do so, by his or her guard...ian or legal representative acting on behalf of the Participant in a fiduciary capacity under state law and/or court supervision. (b) Any Evidence of Award may provide that part or all of the shares of Common Stock that are (i) to be issued or transferred by the Company upon (A) the exercise of Options or Stock Appreciation Rights, (B) upon the termination of the Restriction Period applicable to Restricted Stock Units or (C) upon payment under any grant of Performance Shares or Performance Units or (ii) no longer subject to the substantial risk of forfeiture and restrictions on transfer referred to in Section 6 of this Plan, will be subject to further restrictions on transfer that are consistent with applicable law. View More
Found in US ENERGY CORP contract
US ENERGY CORP Contracts

U.S. Energy Corp. Amended and Restated 2012 Equity Performance and Incentive Plan (Filed With SEC on June 10, 2020)

Amended and Restated 2012 Equity and Performance Incentive Plan (Filed With SEC on November 13, 2018)

U.S. Energy Corp. Amended and Restated 2012 Equity Performance and Incentive Plan (Filed With SEC on September 14, 2018)

U.S. Energy Corp. Amended and Restated 2012 Equity Performance and Incentive Plan (Filed With SEC on July 21, 2017)