Common use of Nontransferability of Awards Clause in Contracts

Nontransferability of Awards. (i) Except as provided in Section 5(g)(iii) below, each Award, and each right under any Award, shall be exercisable only by the Grantee during the Grantee’s lifetime, or, if permissible under Applicable Law, by the Grantee’s guardian or legal representative.

Appears in 3 contracts

Samples: The Agreement and Plan of Merger (Angstrom Technologies Corp.), The Agreement and Plan of Merger (Angstrom Technologies Corp.), The Agreement and Plan of Merger (Angstrom Technologies Corp.)

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Nontransferability of Awards. (ia) Except as provided in Section 5(g)(iii) below, each Award, Each Award and each right under any Award, Award shall be exercisable only by the Grantee during the Grantee’s lifetime, or, if permissible under Applicable Law, by the Grantee’s guardian or legal representative.

Appears in 2 contracts

Samples: Bit Digital, Inc, Indonesia Energy Corp LTD

Nontransferability of Awards. (ia) Except as provided in Section 5(g)(iii5.7(c) below, each Award, and each right under any Award, shall be exercisable only by the Grantee during the Grantee’s 's lifetime, or, if permissible under Applicable Lawapplicable law, by the Grantee’s 's guardian or legal personal representative.

Appears in 1 contract

Samples: Garmin LTD

Nontransferability of Awards. (ia) Except as provided in Section 5(g)(iii) below, each Award, Each Award and each right under any Award, Award shall be exercisable only by the Grantee during the Grantee’s lifetime, or, if permissible under Applicable Lawapplicable law, by the Grantee’s guardian or legal representative.. A-12

Appears in 1 contract

Samples: Form of Award Agreement (Navigators Group Inc)

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Nontransferability of Awards. (ia) Except as provided in Section 5(g)(iii5.7(c) below, each Award, and each right under any Award, shall be exercisable only by the Grantee nontransferable, and during the Grantee’s lifetime, shall be exercisable only by the Grantee, or, if permissible under Applicable Lawapplicable law, by the Grantee’s guardian or legal representative.

Appears in 1 contract

Samples: Award Agreement (Cna Financial Corp)

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