Non-Transferability of Units. Prior to the issuance of shares of Stock on the applicable Settlement Date, neither this Agreement nor any Units subject to this Agreement shall be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Grantee or the Grantee’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to this Agreement shall be exercisable during the Grantee’s lifetime only by the Grantee or the Grantee’s guardian or legal representative.
Non-Transferability of Units. The Participant may not sell, transfer or otherwise alienate or hypothecate any of the Units.
Non-Transferability of Units. No Member may sell, encumber, mortgage, hypothecate, assign, pledge, transfer or otherwise dispose of, directly or indirectly, all or any portion of its Units, except for any Transfer made to any of the transferring Member’s Permitted Transferees.
Non-Transferability of Units. The Units and the right to any Unit Appreciation Payment and any interest therein, may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws of descent and distribution, prior to the time of Unit Appreciation Payments, if any, pursuant to the terms hereof. Any attempt to dispose of any Unit in contravention of the above restriction shall be null and void and without effect.
Non-Transferability of Units. Until the Units have vested and Shares have been delivered to you, the Units are not transferable other than (a) by last will and testament or the laws of descent and distribution, or (b) pursuant to a qualified domestic relations order. The Units will not be otherwise transferred or assigned, pledged, hypothecated or otherwise disposed of in any way, whether by operation of law or otherwise, and will not be subject to execution, attachment or similar process. Upon any attempt to transfer, assign, hypothecate or otherwise dispose of the Units other than as permitted above, the Units will immediately terminate and become null and void.
Non-Transferability of Units. Unless otherwise provided by the Administrator in its discretion, Units may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of by the Grantee. Any purported sale, assignment, transfer, pledge or other encumbrance or disposition of Units in violation of U.S. securities laws or the provisions of this Section 6 shall be void.
Non-Transferability of Units. These Units may not be transferred in any manner otherwise than by will or by the laws of descent or distribution or by transfer to your spouse and descendants (whether natural or adopted) and any entity in which you, your spouse and/or descendants collectively own a 100% direct or indirect beneficial interest ("Permitted Transferees"), provided that such Permitted Transferees have agreed in writing to be bound by the provisions of this Agreement, and Shares may be distributed during your lifetime only to you or Permitted Transferees. The terms of this Unit Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of both you and the Permitted Transferees.
Non-Transferability of Units. These Units may not be Transferred in any manner otherwise than by will or the laws of descent or distribution, or pursuant to a domestic relations order. In the event of Participant’s legal incapacity, any Common Shares otherwise issuable with respect to these Units shall be issued to Participant’s guardian or legal representative. In the case of Units Transferred pursuant to a domestic relations order, any Common Shares otherwise issuable with respect to these Units shall be issued to the transferee. If Participant is deceased, any Common Shares otherwise issuable with respect to the Units may be issued to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. In the event that Common Shares are issuable with respect to the Units to any Person other than Participant in accordance with this paragraph, any distribution or delivery to be made to Participant under this Agreement shall be made to such Person, provided that such Person must furnish the Company with (x) written notice of his or her status as guardian, legal representative, transferee pursuant to a domestic relations order, beneficiary, administrator, or executor, as applicable, and (y) evidence satisfactory to the Company to establish the validity of the Transfer of the Units to such Person and compliance with any laws or regulations pertaining to said Transfer. The terms of the Plan and this Agreement shall be binding upon the executors, administrators, heirs, successors, and assigns of Participant. Any attempt to Transfer the Units in violation of this Agreement or the Plan shall render such Units null and void.
Non-Transferability of Units. Except as provided in the Partnership Agreement, the Units are not transferable.
Non-Transferability of Units. Except as provided in the Plan, the Restricted Stock Units shall not be assignable or transferable by the Grantee other than by will or the laws of descent. The Units shall terminate and become null and void immediately upon the bankruptcy of the Grantee, or upon any attempted assignment or transfer except as herein provided, including, without limitation, any purported assignment, whether voluntary or by operation of law, pledge, hypothecation or other disposition, attachment, or similar process, whether legal or equitable, upon the Units.
