Common use of Nontransferability of the Award Clause in Contracts

Nontransferability of the Award. The right to acquire Shares pursuant to the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal representative.

Appears in 40 contracts

Samples: Restricted Stock Agreement (NV5 Global, Inc.), Restricted Stock Agreement (NV5 Global, Inc.), Restricted Stock Agreement (Resource REIT, Inc.)

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Nontransferability of the Award. The right to acquire Shares pursuant to the Award shall may not be subject assigned or transferred in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. All During the lifetime of the Participant, all rights with respect to the this Award shall be exercisable during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal representative.

Appears in 14 contracts

Samples: Restricted Stock Agreement (Granite Construction Inc), Stock Option Agreement (Axt Inc), Restricted Stock Agreement (Accredited Home Lenders Holding Co)

Nontransferability of the Award. The right to acquire Shares pursuant to the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s 's beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the Participant’s 's lifetime only by the Participant or the Participant’s 's guardian or legal representative.

Appears in 9 contracts

Samples: Restricted Stock Agreement (Zeltiq Aesthetics Inc), Restricted Stock Agreement (Globalstar, Inc.), Option Agreement (Aastrom Biosciences Inc)

Nontransferability of the Award. The right to acquire Shares shares of Stock pursuant to the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal representative.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Jamba, Inc.), Restricted Stock Agreement (Jamba, Inc.), Restricted Stock Agreement (Dts, Inc.)

Nontransferability of the Award. The right to acquire Shares Units pursuant to the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal representative.

Appears in 2 contracts

Samples: Restricted Unit Agreement (Magnachip Semiconductor LLC), Restricted Unit Agreement (Magnachip Semiconductor LLC)

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Nontransferability of the Award. The right to acquire Shares pursuant to the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s 's beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal representative.and

Appears in 2 contracts

Samples: Jda Software Group Inc, Jda Software Group Inc

Nontransferability of the Award. The right to acquire Shares pursuant to the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant Director or the ParticipantDirector’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the ParticipantDirector’s lifetime only by the Participant Director or the ParticipantDirector’s guardian or legal representative.

Appears in 1 contract

Samples: Restricted Stock Agreement (Hain Celestial Group Inc)

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