Common use of Assignment and Transfers Clause in Contracts

Assignment and Transfers. Prior to the end of the Performance Period and the delivery of the Common Stock with respect to any Performance Share Units earned, the Award is not transferable (either voluntarily or involuntarily), other than pursuant to a domestic relations order. Employee may designate a beneficiary or beneficiaries (the “Beneficiary”) to whom the Performance Share Units will pass upon Employee’s death and may change such designation from time to time by filing a written designation of beneficiary on such form as may be prescribed by the Company, provided that no such designation shall be effective until filed with the Company. Following Employee’s death, the Performance Share Units will pass to the designated Beneficiary and such person will be deemed Employee for purposes of any applicable provisions of this Agreement. If no such designation is made or if the designated Beneficiary does not survive Employee’s death, the Performance Share Units shall pass by will or, if none, then by the laws of descent and distribution.

Assignment and Transfers. Prior to the end of the Performance Period (or portion thereof) and the delivery of the Common Stock Shares with respect to any Performance Share vested Units earnedgranted hereunder, the Award is not transferable (either voluntarily or involuntarily), other than pursuant to a domestic relations order. Employee The Participant may designate a beneficiary or beneficiaries (the “Beneficiary”) to whom the Performance Share Units will pass upon Employeethe Participant’s death and may change such designation from time to time by filing a written designation of beneficiary on such form as may be prescribed by the Company, provided that no such designation shall be effective until filed with the Company. Following Employeethe Participant’s death, the Performance Share Units will pass to the designated Beneficiary and such person will be deemed Employee the Participant for purposes of any applicable provisions of this Agreement. If no such designation is made or if the designated Beneficiary does not survive Employeethe Participant’s death, the Performance Share Units shall pass by will or, if none, then by the laws of descent and distribution.