Common use of Non-Transferability of Award Clause in Contracts

Non-Transferability of Award. Except as described below, this Award and the Restricted Stock Units subject to this 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. The terms of this Award are binding on the executors, administrators, heirs, successors and assigns of Grantee.

Appears in 25 contracts

Samples: Restricted Stock Units Agreement (Trimas Corp), Restricted Stock Units Agreement (Trimas Corp), Restricted Stock Units Agreement (Trimas Corp)

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Non-Transferability of Award. Except as described below, this Award and the shares of Restricted Stock Units subject to this Award 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. The terms distribution until the termination of this Award are binding on the executors, administrators, heirs, successors and assigns of Grantee.applicable Period of

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Mackinac Financial Corp /Mi/), Restricted Stock Award Agreement (Mackinac Financial Corp /Mi/)

Non-Transferability of Award. Except as described below, and subject to the Plan and Section 409A, this Award and the Restricted Stock Units subject to this 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. The terms of this Award are binding on the executors, administrators, heirs, successors and assigns of Grantee.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Trimas Corp)

Non-Transferability of Award. Except as described below, and subject to the Plan and Section 409A, this Award and the Restricted Stock Units subject to this Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by -3- will or by the laws of descent or distribution. The terms of this Award are binding on the executors, administrators, heirs, successors and assigns of Grantee.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Trimas Corp)

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Non-Transferability of Award. Except as described below, this Award and the Restricted Stock Performance Units subject to this 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. The terms of this Award are binding on the executors, administrators, heirs, successors and assigns of Grantee.

Appears in 1 contract

Samples: Performance Unit Agreement (Trimas Corp)

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