Common use of Award Not Transferable Clause in Contracts

Award Not Transferable. This Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.

Award Not Transferable. This Award grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Awardgrant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award grant and the rights and privileges conferred hereby immediately will become null and void.

Award Not Transferable. This Award and is not assignable or transferable by the rights and privileges conferred hereby will not be transferredParticipant, assigned, pledged either voluntarily or hypothecated in any way (whether by operation of law law, except by will or otherwise) the laws of descent and will not be subject to sale under execution, attachment or similar processdistribution. Upon any attempt to transfer, assign, pledge, hypothecate hypothecate, sell or otherwise dispose of this Award, or of any right or privilege conferred hereby, or upon the levy of any attempted sale under any execution, attachment or similar processprocess upon this Award, or upon such right or privilege, this Award and the rights and privileges conferred hereby shall immediately will become null and void.