Common use of Limits on Transferability; Beneficiaries Clause in Contracts

Limits on Transferability; Beneficiaries. The following provision supplements the Limits on Transferability; Beneficiaries section of the Award Agreement: If you are located outside the U.S., the RSUs may not be Transferred to a designated Beneficiary and may only be Transferred upon your death to your legal heirs in accordance with applicable laws of descent and distribution. In no case may the RSUs be Transferred to another individual during your lifetime.

Appears in 14 contracts

Samples: Terms and Conditions (Kraft Heinz Co), Restricted Stock Unit Award Agreement (Kraft Heinz Co), Restricted Stock Unit Award Agreement (Kraft Heinz Co)

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Limits on Transferability; Beneficiaries. The following provision supplements supplement the Limits on Transferability; Beneficiaries section of the Award Agreement: If you are located outside the U.S.U.S. and Canada, the RSUs may not be Transferred to a designated Beneficiary and may only be Transferred upon your death to your legal heirs in accordance with applicable laws of descent and distribution. In no case may the RSUs be Transferred to another individual during your lifetime.

Appears in 1 contract

Samples: Board Member Restricted Stock Unit Award Agreement (Restaurant Brands International Inc.)

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