Common use of Nontransferability of Award Clause in Contracts

Nontransferability of Award. The Performance Units and DERs may not be transferred, assigned, encumbered or pledged by you in any manner otherwise than by will or by the laws of descent or distribution. The terms of the Plan and this Agreement shall be binding upon your executors, administrators, heirs, successors and assigns.

Appears in 14 contracts

Samples: Performance Unit Grant Agreement (Targa Resources Partners LP), Performance Unit Grant Agreement (Targa Resources Partners LP), Performance Unit Grant Agreement (Targa Resources Partners LP)

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Nontransferability of Award. The Performance Units Shares and DERs may not be transferred, assigned, encumbered or pledged by you in any manner otherwise than by will or by the laws of descent or distribution. The terms of the Plan and this Agreement shall be binding upon your executors, administrators, heirs, successors and assigns.

Appears in 2 contracts

Samples: Targa Resources Corp., Targa Resources Corp.

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Nontransferability of Award. The This Performance Units and DERs Unit Award may not be transferred, assigned, encumbered or pledged by you transferred in any manner otherwise other than by will or by the laws of descent or distribution. The terms of the Plan and this Agreement shall be binding upon your executors, administrators, heirs, successors and assigns.

Appears in 1 contract

Samples: Natco Group Inc

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