Assignment and Transfers. No Phantom Units or DERs awarded to the Participant under this Agreement may be transferred, assigned, pledged or encumbered by the Participant, except (i) by will or by the laws of descent and distribution or (ii) pursuant to a domestic relations order. Except as set forth above, any attempt to transfer, assign, pledge or encumber the Phantom Units or DERs by the Participant shall be null, void and without effect. The rights and protections of the Company hereunder shall extend to any successors or assigns of Company.
Appears in 8 contracts
Samples: Deferral and Incentive Plan (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.)
Assignment and Transfers. No Phantom Units or DERs awarded to the Participant under this Agreement may be transferred, assigned, pledged or encumbered by the Participant, Participant except (i) by will or by the laws of descent and distribution or (ii) pursuant to a domestic relations order. Except as set forth above, any attempt to transfer, assign, pledge or encumber the Phantom Units or DERs by the Participant shall be null, void and without effect. The rights and protections of the Company hereunder shall extend to any successors or assigns of Company.
Appears in 4 contracts
Samples: Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.), Phantom Unit Grant Agreement (Buckeye Partners, L.P.)
Assignment and Transfers. No Phantom Units or DERs awarded to the Participant under this Agreement may be transferred, assigned, pledged or encumbered by the Participant, except (i) by will or by the laws of descent and distribution or (ii) pursuant to a domestic relations order. Except as set forth above, any attempt to transfer, assign, pledge or encumber the Phantom Units or DERs by the Participant shall be null, void and without effect. The rights and protections of the Company hereunder shall extend to any successors or assigns of Company.
Appears in 1 contract
Samples: Phantom Unit Grant Agreement (Buckeye Partners, L.P.)
