Common use of Award is Not Transferable Clause in Contracts

Award is Not Transferable. Except to the limited extent provided in Paragraph 7, the Award and the rights and privileges conferred hereby may not be transferred, assigned, pledged (as collateral for a loan or as security for the performance of an obligation or for any other purpose) or hypothecated in any way (whether by operation of law or otherwise) and may not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of the Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, the Award and the rights and privileges conferred hereby immediately will become null and void.

Award is Not Transferable. Except to the limited extent provided in Paragraph 7Section 8, the this Award and the rights and privileges conferred hereby may will not be transferred, assigned, pledged (as collateral for a loan or as security for the performance of an obligation or for any other purpose) or hypothecated in any way (whether by operation of law or otherwise) and may will not be subject to sale under execution, attachment or similar process. Following the issuance of Shares, if applicable, such shares shall only be transferable according to the terms of the Plan, Section 102 and the Trust Agreement. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of the this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, the this Award and the rights and privileges conferred hereby immediately will become null and void.

Award is Not Transferable. Except to the limited extent provided in Paragraph 7this Agreement, the Award unvested Shares subject to this award and the rights and privileges conferred hereby may will not be transferred, assigned, pledged (as collateral for a loan or as security for the performance of an obligation or for any other purpose) or hypothecated in any way (whether by operation of law or otherwise) and may will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of the Awardany unvested Shares subject to this award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, the Award this award and the rights and privileges conferred hereby immediately will become null and void.