Nonforfeitability and Nontransferability Sample Clauses

Nonforfeitability and Nontransferability. The interest of the Employee in the balance of the Account shall at all times be nonforfeitable and nontransferable. All rights under this Agreement are enforceable solely by the Employee or his or her Beneficiary, or any duly authorized representative of the Employee or Beneficiary.
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Nonforfeitability and Nontransferability. The entire Withdrawal Value of the vested portion (as determined pursuant to the Code Section 403(b) Plan) of Code Section 403(b) funds of a Participant Account under this contract shall be nonforfeitable at all times. No sum payable under this contract which is attributable to Code Section 403(b) funds with respect to a Participant may be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose to any person or entity other than AUL. In addition, to the extent permitted by law, no such sum shall in any way be subject to legal process requiring the payment of any claim against the payee.
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Nonforfeitability and Nontransferability. The entire Withdrawal Value of the vested portion (as determined pursuant to the Plan) of a Participant Account under this contract is nonforfeitable at all times. No sum payable under this contract with respect to a Participant may be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose to any person or entity other than us. In addition, to the extent permitted by law, no such sum shall in any way be subject to legal process requiring the payment of any claim against the payee.
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Nonforfeitability and Nontransferability. This Contract shall be for the exclusive benefit of the Owner or his or her beneficiary. The Owner's rights under this Contract shall be nonforfeitable. This Contract is nontransferable. Other than to us, it may not be sold, assigned, discounted or pledged as collateral for a loan or as a security for the performance of an obligation or for any other purpose.
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Nonforfeitability and Nontransferability. The interest of the Employee in the balance of the Account shall at all times be nonforfeitable and nontransferable, to the Participant is vested in the Account as provided by the Plan Document, if any. APPENDIX C NAMED PARTICIPANT AND PARTICIPANT APPROVAL OF THIS AGREEMENT By his or her signature hereto on the 403(b) Program forms of which this Agreement is a part, the Participant listed in the 403(b) Program application of which this Agreement is a part agrees to be bound by the terms and conditions of the Master Custodial Administration Agreement entered into by and between the Participant and TCG Administrators, LP, as Master Custodial Administrator, effective as of the effective date on the 403(b) Program forms of which this is Agreement is a part. NAME OF PLAN: AS LISTED IN THE 403(b) PROGRAM FORMS OF WHICH THIS AGREEMENT IS A PART ADMINISTRATION AND SUPPORT SERVICES AGREEMENT (TCG ADMINISTRATORS) This Administration Agreement (the "Agreement") is entered into effective as of the date of submission ("Effective Date"), by and between the Individual who signs this document and all other attached agreements to establish a 403(b) account in the Program (the “Participant”), and TCG Administrators, LP ("TCG ADMINISTRATORS, Third Party Administrator, or Recordkeeper"). For good and valuable consideration, the receipt and sufficiency of which is hereby expressly acknowledged, the parties agree as follows:
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Nonforfeitability and Nontransferability. The entire Withdrawal Value of a Participant Account under this contract is nonforfeitable at all times. No sum payable under this contract with respect to a Participant may be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose to any person or entity other than us. In addition, to the extent permitted by law, no such sum shall in any way be subject to legal process requiring the payment of any claim against the payee. P-K-TDAMFVA-GMDB(BR).18 TABLE OF GUARANTEED IMMEDIATE ANNUITIES MONTHLY INCOME PER $1,000 OF ACCOUNT VALUE 10-YEAR CERTAIN ADJUSTED AGE LIFE ANNUITY AND LIFE ANNUITY 45 2.9690 2.9632 46 3.0190 3.0124 47 3.0715 3.0641 48 3.1269 3.1185 49 3.1852 3.1756 50 3.2466 3.2357 51 3.3115 3.2988 52 3.3800 3.3653 53 3.4525 3.4352 54 3.5291 3.5088 55 3.6104 3.5863 56 3.6966 3.6678 57 3.7881 3.7536 58 3.8850 3.8437 59 3.9877 3.9382 60 4.0964 4.0374 61 4.2115 4.1414 62 4.3334 4.2505 63 4.4626 4.3650 64 4.5994 4.4850 65 4.7442 4.6108 66 4.8977 4.7425 67 5.0608 4.8804 68 5.2347 5.0250 69 5.4213 5.1766 70 5.6229 5.3356 71 5.8412 5.5020 72 6.0778 5.6755 73 6.3336 5.8552 74 6.6097 6.0404
Sample 1

Related to Nonforfeitability and Nontransferability

  • Nontransferability The Option shall not be transferable other than by will or by the laws of descent and distribution. During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee.

  • Nontransferability of the Award Prior to the issuance of shares of Stock on the applicable Settlement Date, neither this Award nor any Units subject to this Award shall be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal representative.

  • Nontransferability of Award The Award may not be transferred by the Holder other than by will or the laws of descent and distribution or pursuant to the designation of one or more beneficiaries on the form prescribed by the Company. Except to the extent permitted by the foregoing sentence, the Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of the Award, the Award and all rights hereunder shall immediately become null and void.

  • Nontransferability of Options The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's personal representatives and their authority and of the right of any heir or distributee to exercise the Option.

  • Nontransferability of Awards Except as provided in Section 5 or as otherwise permitted by the Committee, you may not sell, transfer, pledge, assign or otherwise alienate or hypothecate any of your Performance Shares, and all rights with respect to your Performance Shares are exercisable during your lifetime only by you.

  • Restriction on Transferability Prior to vesting and delivery of the Shares, neither the mPRSUs, nor the Shares or any beneficial interest therein, may be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, distribution can be made pursuant to will, the laws of descent and distribution, and if provided by the Administrator, intra-family transfer instruments, or to an inter vivos trust, or as otherwise provided by the Administrator. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant.

  • Transferability This Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company or its designated agent, together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company unless the Holder has assigned this Warrant in full, in which case, the Holder shall surrender this Warrant to the Company within three (3) Trading Days of the date on which the Holder delivers an assignment form to the Company assigning this Warrant in full. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued.

  • Nontransferability of Option This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

  • Transferability of Award The rights of the Grantee pursuant to this Agreement are not transferable by Grantee. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Grantee or any permitted transferee thereof. Any purported assignment, alienation, pledge, attachment, sale, transfer or other encumbrance of the RSUs, prior to the lapse of restrictions, that does not satisfy the requirements hereunder shall be void and unenforceable against the Company.

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