Common use of Nontransferability of the Award Clause in Contracts

Nontransferability of the Award. The Award shall not be transferable by the Participant otherwise than by will or the laws of descent and distribution. Any attempted sale, assignment, transfer, pledge, hypothecation or other disposition of, or change to, the Award contrary to the provisions hereof shall be null and void and without effect. Furthermore, in no event shall any Awarded RSUs or Vested RSUs be subject to attachment or any other legal or equitable process brought by or on behalf of any creditor of the Participant, and any such attempt to attach or receive any Awarded RSUs or Vested RSUs shall be null and void and without effect.

Appears in 8 contracts

Samples: Restricted Share Unit Award Agreement (Helmerich & Payne, Inc.), Restricted Share Unit Award Agreement (Helmerich & Payne, Inc.), Restricted Share Unit Award Agreement (Helmerich & Payne, Inc.)

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