Common use of SAR is Not Transferable Clause in Contracts

SAR is Not Transferable. Except as otherwise expressly provided herein, this SAR and the rights and privileges conferred hereby may not be transferred, pledged, assigned or otherwise hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, pledge, assign, hypothecate or otherwise dispose of this SAR, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this SAR and the rights and privileges conferred hereby immediately shall become null and void.

SAR is Not Transferable. Except as otherwise expressly provided hereinin paragraph 4 above, this SAR and the rights and privileges conferred hereby may shall not be sold, transferred, pledged, assigned assigned, hypothecated or otherwise hypothecated disposed of in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process. Upon any attempt to sell, transfer, pledge, assign, hypothecate or otherwise dispose of this SAR, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this SAR and the rights and privileges conferred hereby immediately shall become null and void.

SAR is Not Transferable. Except as otherwise expressly provided hereinin paragraph 4 above, this SAR and the rights and privileges conferred hereby may not be sold, transferred, pledged, assigned assigned, hypothecated or otherwise hypothecated disposed of in any way (whether by operation of law or otherwise) and shall will not be subject to sale under execution, attachment or similar process. Upon any attempt to sell, transfer, pledge, assign, hypothecate or otherwise dispose of this SAR, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this SAR and the rights and privileges conferred hereby immediately shall become null and void.