Common use of Award Not Transferable Clause in Contracts

Award Not Transferable. The Performance Share award may not be transferred other than by will or the applicable laws of descent or distribution or pursuant to a qualified domestic relations order. The Performance Share award shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment, execution or levy of any kind. Any attempted assignment, transfer, pledge, or encumbrance of the Performance Share award, other than in accordance with its terms, shall be void and of no effect.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Adtalem Global Education Inc.), Performance Share Award Agreement (Devry Inc)

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Award Not Transferable. The Performance Share award may not be transferred other than by will or the applicable laws of descent or distribution or pursuant to a qualified domestic relations order. The Performance Share award shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment, execution or levy of any kind. Any attempted assignment, transfer, pledge, or encumbrance of the Performance Share award, other than in accordance with its terms, shall be void and of no effect.. ​

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Adtalem Global Education Inc.), Performance Based Restricted Stock Unit Award Agreement (Adtalem Global Education Inc.)

Award Not Transferable. The Performance Share award may not be transferred other than by will or the applicable laws of descent or distribution or pursuant to a qualified domestic relations order. The Performance Share award shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment, execution or levy of any kind. Any attempted assignment, transfer, pledge, or encumbrance of the Performance Share award, other than in accordance with its terms, shall be void and of no effecteffect.​11.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Adtalem Global Education Inc.)

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Award Not Transferable. The Performance Share award may not be transferred other than by will or the applicable laws of descent or distribution or pursuant to a qualified domestic relations order. The Performance Share award shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment, execution or levy of any kind. Any attempted assignment, transfer, pledge, or encumbrance of the Performance Share award, other than in accordance with its terms, shall be void and of no effecteffect.​10.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Adtalem Global Education Inc.)

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