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 Yards (Stock Yards Bancorp, Inc.), Stock Yards (Stock Yards Bancorp, Inc.), 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
