Common use of Nontransferability of Units Clause in Contracts

Nontransferability of Units. The Units may not be sold, pledged, assigned or transferred in any manner except in the event of the Unit holder’s death. In the event of the Unit holder’s death, the Units may be transferred to the person indicated on a valid beneficiary form, as designated by the Company, or if no designated beneficiary form is available, then to the person to whom the Unit holder’s rights have passed by will or the laws of descent and distribution. Except as set forth in Section 4, the Units may be settled during the lifetime of the Unit holder only by the Unit holder or by the guardian or legal representative of the Unit holder. The terms of the Award Agreement shall be binding upon the executors, administrators, heirs and successors of the Unit holder.

Nontransferability of Units. The Units may not be sold, pledged, assigned or transferred in any manner except in the event of the Unit holder’s death. In the event of the Unit holder’s death, the Units may be transferred to the person indicated on a valid beneficiary form, as designated by the Company, or if no designated beneficiary form is available, then to the person to whom the Unit holder’s rights have passed by will or the laws of descent and distribution. Except as set forth in Section 4, Common Stock may be delivered in respect of the Units may be settled during the lifetime of the Unit holder only by to the Unit holder or by to the guardian or legal representative of the Unit holder. The terms of the Award Agreement shall be binding upon on the executors, administrators, heirs and successors of the Unit holder.

Nontransferability of Units. The Units may not be sold, pledged, assigned or transferred in any manner except in the event of the Unit holder’s death. In the event of the Unit holder’s death, the Units may be transferred to the person indicated on a valid beneficiary form, as designated by the Company, or if no designated beneficiary form is available, then to the person to whom the Unit holder’s rights have passed by will or the laws of descent and distribution. Except as set forth in Section 4, Common Stock may be delivered in respect of the Units may be settled during the lifetime of the Unit holder only by to the Unit holder or by to the guardian or legal representative of the Unit holder. The terms of the Award Agreement shall be binding upon on the executors, administrators, heirs and successors of the Unit holder.

Nontransferability of Units. The Units may not be sold, pledged, assigned or transferred in any manner except in the event of the Unit holder’s death. In the event of the Unit holder’s death, the Units may be transferred to the person indicated on a valid beneficiary Nordstrom Beneficiary Designation form, as designated by the Company, or if no designated beneficiary Beneficiary Designation form is availableon file with the Company, then to the person to whom the Unit holder’s rights have passed by will or the laws of descent and distribution. Except as set forth in Section 44 below, the Units may be settled during the lifetime of the Unit holder only by the Unit holder or by the guardian or legal representative of the Unit holder. The terms of the Award Agreement shall be binding upon the executors, administrators, heirs and successors of the Unit holder.

Nontransferability of Units. The Units may not be sold, pledged, assigned or transferred in any manner except in the event of the Unit holder’s death. In the event of the Unit holder’s death, the Units may be transferred to the person indicated on a valid beneficiary Nordstrom Beneficiary Designation form, as designated by the Company, or if no designated beneficiary Beneficiary Designation form is availableon file with the Company, then to the person to whom the Unit holder’s rights have passed by will or the laws of descent and distribution. Except as set forth in Section 44 below, Common Stock may be delivered in respect of the Units may be settled during the lifetime of the Unit holder only by to the Unit holder or by to the guardian or legal representative of the Unit holder. The terms of the Award Agreement shall be binding upon on the executors, administrators, heirs and successors of the Unit holder.