Common use of Grant is Not Transferable Clause in Contracts

Grant is Not Transferable. Except to the limited extent provided in Section 6, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 67, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6, this grant 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 grantAward, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant Award and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 68, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section paragraph 6, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 8 above, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 7 above, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent as otherwise expressly provided in Section 6herein, this grant grant, and the rights and privileges conferred hereby will hereby, may not be transferred, assigned, pledged pledged, or hypothecated in any way (whether by operation of law or otherwise) and will may not be subject to sale under execution, attachment attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate hypothecate, or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment attachment, or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 9 above, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 65, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6, this grant and the rights and privileges conferred hereby will may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will may not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6, this grant and the rights and privileges conferred hereby will may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law Applicable Laws or otherwise) and will may not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 7, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent as otherwise expressly provided in Section 6herein, this grant and the rights and privileges conferred hereby will may not be transferred, assignedpledged, pledged assigned or otherwise hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, pledge, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6, this This 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 69, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent as provided in Section 6Paragraph 6 above, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent as provided in Section 6, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 7 above, this grant (and the associated rights and privileges conferred hereby will privileges) cannot 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 grant, or of any associated right or privilege conferred herebyprivilege, or upon any attempted sale under any execution, attachment or similar process, this grant and the associated rights and privileges conferred hereby will immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 8 above, this grant (and the associated rights and privileges conferred hereby will privileges) cannot 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 grant, or of any associated right or privilege conferred herebyprivilege, or upon any attempted sale under any execution, attachment or similar process, this grant and the associated rights and privileges conferred hereby will immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 5, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 10 above, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 6 of this Agreement, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void; provided that the forgoing shall not affect Participant’s right to name a beneficiary under Section 13 of the Plan.

Grant is Not Transferable. Except to the limited extent as provided in Section 6Paragraph 8 above, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section paragraph 6, this grant Option and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grantOption, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant Option and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 6 above, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 64(d), this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6, this grant Award and the rights and privileges conferred hereby will may 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 grantAward, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant Award and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 63, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 7 above, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 65, this grant and the rights and privileges conferred hereby will may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law Applicable Laws or otherwise) and will may not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 66 of this Award Agreement, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6Paragraph 6 above, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 67, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.. %%OPTION_NUMBER%-%

Grant is Not Transferable. Except to the limited extent provided in Section 66 of these Terms and Conditions, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 8 and in the Plan, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.. Date:___________

Grant is Not Transferable. Except to the limited extent provided in Section 66 hereof, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent as provided in Section 6Paragraph 7 above, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 8, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6Paragraph 8 above, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 67, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged pledged, or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate hypothecate, or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment attachment, or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 5 above, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent as provided in Section 6, this grant and the rights and privileges conferred hereby will shall not be transferred, assigned, pledged pledged, hypothecated, or hypothecated disposed of in any way manner (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section paragraph 6, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged pledged, or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment attachment, or similar process. Upon any attempt to transfer, assign, pledge, hypothecate hypothecate, or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment attachment, or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 67 above, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Grant is Not Transferable. Except to the limited extent provided in Section 6paragraph 6 and under the Plan, this 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.