Common use of PRSUs Not Transferrable Clause in Contracts

PRSUs Not Transferrable. None of the PRSUs nor any interest therein or in any Common Shares underlying such PRSUs will be transferable other than by will or the laws of descent and distribution prior to payment.

Appears in 8 contracts

Samples: Restricted Stock Units Agreement (Timken Co), Based Restricted Stock Units Agreement (Timken Co), Based Restricted Stock Units Agreement (Timken Co)

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PRSUs Not Transferrable. None of the PRSUs nor any interest therein or in any Common Shares underlying such PRSUs will be is transferable prior to payment other than by will or the laws of descent and distribution prior to paymentupon the death of the Grantee.

Appears in 8 contracts

Samples: Performance Based Restricted Share Unit Agreement (TimkenSteel Corp), Restricted Share Unit Agreement (TimkenSteel Corp), Performance Based Restricted Share Unit Agreement (TimkenSteel Corp)

PRSUs Not Transferrable. None of the PRSUs nor any interest therein or in any Common Shares underlying such PRSUs will be transferable prior to payment other than by will or the laws of descent and distribution prior to paymentdistribution.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (TimkenSteel Corp), Restricted Stock Unit Agreement (TimkenSteel Corp), Restricted Stock Unit Agreement (TimkenSteel Corp)

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PRSUs Not Transferrable. None of the PRSUs nor any interest therein or in any Common Shares underlying such PRSUs will be is transferable prior to payment other than by will or the laws of descent and distribution prior to paymentupon the death of Grantee.

Appears in 3 contracts

Samples: Restricted Share Unit Agreement (Metallus Inc.), Restricted Share Unit Agreement (Metallus Inc.), Restricted Share Unit Agreement (Metallus Inc.)

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