Nontransferability of SAR. This SAR shall not be transferable other than by will or the laws of descent or distribution and shall be exercisable, during the Grantee's lifetime, only by Grantee.
Appears in 4 contracts
Samples: Stock Appreciation Right Grant Agreement (Stock Yards Bancorp, Inc.), Stock Appreciation Right Grant Agreement (Stock Yards Bancorp, Inc.), Stock Appreciation Right Grant Agreement (S Y Bancorp Inc)
Nontransferability of SAR. This SAR shall not be transferable other than by will or the laws of descent or distribution and shall be exercisable, during the Grantee's ’s lifetime, only by Grantee.
Appears in 1 contract
Samples: Stock Appreciation Right Grant Agreement (S Y Bancorp Inc)
