Common use of Award Not Transferable Clause in Contracts

Award Not Transferable. No part of, or interest in, this Award shall be liable for the debts, contracts or engagements of the Grantee or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 5.2 shall not prevent transfers by will or by the applicable laws of descent and distribution.

Appears in 12 contracts

Samples: Stock Appreciation Rights Agreement (HCA Healthcare, Inc.), Stock Appreciation Rights Agreement (HCA Healthcare, Inc.), Stock Appreciation Rights Agreement (HCA Healthcare, Inc.)

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