Limited Transferability of Awards. Except as otherwise specified in an individual Award Agreement, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant.
Appears in 3 contracts
Samples: 2003 Employment Inducement Award Plan (Versata Inc), 2004 Employment Inducement Award Plan (Redback Networks Inc), 2004 Employment Inducement Award Plan (Redback Networks Inc)
Limited Transferability of Awards. Except as otherwise specified in an individual No Award Agreement, an Award granted under the Plan may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, transferred, or disposed of in any manner other than by will or will, by the laws of descent and distribution, or distribution and may to the limited extent provided in Section 6.4. All rights with respect to an Award granted to a Participant shall be exercised, available during the his or her lifetime of the Participant, only by the Participant.to the
Appears in 1 contract
Samples: Non Employee Director Phantom Stock Plan (Pmi Group Inc)
Limited Transferability of Awards. Except as otherwise specified in an individual No Award Agreement, an Award granted under the Plan may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may distribution. All rights with respect to an Award granted to the Participant shall be exercised, available during the his lifetime of the Participant, only by to the Participant.
Appears in 1 contract
Samples: Executive Employment Agreement (Superior Industries International Inc)
