Common use of Nontransferability of SARs Clause in Contracts

Nontransferability of SARs. SARs may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution, and shall be exercisable during a Participant’s lifetime only by such Participant. SARs may not be transferred for value or consideration.

Nontransferability of SARs. SARs No SAR granted under the Plan may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by will, the laws of descent and distribution, and or as permitted under Section 9. An SAR granted to a Participant shall be exercisable during a the Participant’s lifetime only by such Participant. SARs may not be transferred for value or consideration.

Nontransferability of SARs. SARs No SAR granted under the Plan may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by will, the laws of descent and distribution, and or as permitted under SECTION 9. An SAR granted to a Participant shall be exercisable during a the Participant’s lifetime only by such Participant. SARs may not be transferred for value or consideration.

Nontransferability of SARs. SARs No SAR may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, and all SARs granted to a Participant shall be exercisable during a Participant’s his or her lifetime only by such ParticipantParticipant or his or her legal representative. SARs may not be transferred for Notwithstanding the foregoing, the Committee may, in its discretion, permit the transfer of an SAR to a Family Member, trust or partnership, or to a charitable organization, provided that no value or considerationconsideration is received by the Participant with respect to such transfer.