Common use of NO TRANSFER OR ASSIGNMENT OF AWARD Clause in Contracts

NO TRANSFER OR ASSIGNMENT OF AWARD. This Award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee shall be permitted to transfer this award, in connection with his or her estate plan, to the Grantee’s spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including trusts for such persons or to the Grantee’s former spouse in accordance with a domestic relations order.

Appears in 60 contracts

Samples: Deferred Stock Award Agreement, Deferred Stock Award Agreement, Deferred Stock Award Agreement

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NO TRANSFER OR ASSIGNMENT OF AWARD. This Award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee shall be permitted to transfer this awardAward, in connection with his or her estate plan, to the Grantee’s spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including trusts for such persons or to the Grantee’s former spouse in accordance with a domestic relations order.

Appears in 21 contracts

Samples: Deferred Stock Award Agreement, Deferred Stock Award Agreement (Comverse Technology Inc/Ny/), Deferred Stock Award Agreement (Comverse Technology Inc/Ny/)

NO TRANSFER OR ASSIGNMENT OF AWARD. This Award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee shall be permitted to transfer this award, in connection with his or her estate plan, to the Grantee’s 's spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including trusts for such persons or to the Grantee’s 's former spouse in accordance with a domestic relations order.

Appears in 5 contracts

Samples: Deferred Stock Award Agreement (Comverse Technology Inc/Ny/), Deferred Stock Award Agreement (Comverse Technology Inc/Ny/), Deferred Stock Award Agreement (Comverse Technology Inc/Ny/)

NO TRANSFER OR ASSIGNMENT OF AWARD. This Award award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee shall be permitted to transfer this award, in connection with his or her estate plan, to the Grantee’s spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including trusts for such persons or to the Grantee’s former spouse in accordance with a domestic relations order.

Appears in 2 contracts

Samples: Director Award Agreement (Comverse Technology Inc/Ny/), Deferred Stock Award Agreement (Comverse Technology Inc/Ny/)

NO TRANSFER OR ASSIGNMENT OF AWARD. This Award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee shall be permitted to transfer this awardAward, in connection with his or her estate plan, to the Grantee’s spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(350I(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including trusts for such persons or to the Grantee’s former spouse in accordance with a domestic relations order.

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Comverse Technology Inc/Ny/)

NO TRANSFER OR ASSIGNMENT OF AWARD. This Award award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred Transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee shall be permitted to transfer this award, in connection with his or her estate plan, to the Grantee’s spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including trusts for such persons or to the Grantee’s former spouse in accordance with a domestic relations order.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Silicon Graphics Inc)

NO TRANSFER OR ASSIGNMENT OF AWARD. This Award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee shall be permitted to transfer this award, in connection with his or her estate plan, to the Grantee’s 's spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including trusts for such persons or to the Grantee’s 's former spouse in accordance with a domestic relations order...

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Comverse Technology Inc/Ny/)

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NO TRANSFER OR ASSIGNMENT OF AWARD. This Award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee shall be permitted to transfer this award, in connection with his or her estate plan, to the Grantee’s spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons persons, or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including trusts for such persons or to the Grantee’s former spouse in accordance with a domestic relations order.

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Ulticom Inc)

NO TRANSFER OR ASSIGNMENT OF AWARD. This Award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, ) levy or similar process; provided, however, ) that the Grantee shall be permitted to transfer this award, ) in connection with his or her estate plan, ) to the Grantee’s spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, ) including trusts for such persons or to the Grantee’s former spouse in accordance with a domestic relations order.

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Comverse Technology Inc/Ny/)

NO TRANSFER OR ASSIGNMENT OF AWARD. This Award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee Participant shall be permitted to transfer this award, in connection with his or her estate plan, to the GranteeParticipant’s spouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies or other entities owned solely by such persons, including trusts for such persons or to the GranteeParticipant’s former spouse in accordance with a domestic relations order.

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Comverse, Inc.)

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