Common use of Restriction on Transferability Clause in Contracts

Restriction on Transferability. Except as otherwise provided under the Plan, until the Performance Shares have vested under this Agreement, the Performance Shares granted herein and the rights and privileges conferred hereby may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated (by operation of law or otherwise), other than by will or the laws of descent and distribution. Any attempted transfer in violation of the provisions of this paragraph shall be void, and the purported transferee shall obtain no rights with respect to such Performance Shares.

Restriction on Transferability. Except as otherwise provided under the Plan, until the Performance Shares Share Units have vested under this Agreement, the Performance Shares Share Units granted herein and the rights and privileges conferred hereby may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated (by operation of law or otherwise), other than by will or the laws of descent and distribution. Any attempted transfer in violation of the provisions of this paragraph shall be void, and the purported transferee shall obtain no rights with respect to such Performance SharesShare Units.

Restriction on Transferability. Except as otherwise to the extent expressly provided under in the Plan, until the Performance Shares have vested under Plan or this Agreement, the Performance Shares granted herein and the rights and privileges conferred hereby may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated (by operation of law or otherwise), at any time other than by will or by the laws of descent and distribution. Any attempted transfer in violation of attempt to do so contrary to the provisions of this paragraph hereof shall be null and void, and the purported transferee shall obtain no rights with respect to such Performance Shares.

Restriction on Transferability. Except as otherwise provided under the Plan, until the Performance Shares Share Units have vested under this Agreement, the Performance Shares Share Units granted herein and the rights and privileges conferred hereby may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated (by operation of law or otherwise), other than by will or the laws of descent and distribution. Any attempted transfer in violation of the provisions of this Exhibit 10.54 paragraph shall be void, and the purported transferee shall obtain no rights with respect to such Performance SharesShare Units.