Common use of Transfer of Award Clause in Contracts

Transfer of Award. Except for transfer by the Participant of his or her rights hereunder upon death pursuant to a will or by the laws of descent and distribution, this Award is not transferable and the Participant may not make any disposition of the Award or the Restricted Stock Units described herein, or any interest herein, prior to the date(s) that the Company has issued shares of Common Stock to the Participant in accordance with Paragraph 2 or the Plan. As used herein, “disposition” means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s lifetime or upon or after the Participant’s death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Transfer of Award. Except for transfer by the Participant of his or her rights hereunder upon death pursuant to a will or by the laws of descent and distribution, this Restricted Stock Award is not transferable and the Participant may not make any disposition of the Award or the Restricted shares Common Stock Units described herein, or any interest herein, prior to the date(s) that the Company has issued such shares of Common Stock to the Participant become vested in accordance with Paragraph 2 1 or the Plan. As used herein, “"disposition” " means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s 's lifetime or upon or after the Participant’s 's death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Transfer of Award. Except for transfer by the Participant of his or her rights hereunder upon death pursuant to a will or by the laws of descent and distribution, this Performance Award is not transferable and the Participant may not make any disposition of the Award Award, the Performance Shares or the Restricted shares Common Stock Units described herein, or any interest herein, prior to the date(s) that the Company has issued such shares of Common Stock to the Participant become vested in accordance with Paragraph 2 1 or the Plan. As used herein, “disposition” means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s lifetime or upon or after the Participant’s death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Transfer of Award. Except for transfer by the Participant of his or her rights hereunder upon death transfers pursuant to a will or by the laws of descent and distribution, this the Award is not transferable and the Participant may not make any disposition of the Award or Award, the Restricted shares of Common Stock Units described hereinthat may be issued under the Award, or any interest herein, prior to the date(s) that date the Company has issued Award is settled and shares of Common Stock are issued to the Participant in accordance with Paragraph 2 or Participant; provided, however, that the PlanAward may be transferred to the extent consented to by the Committee. As used herein, “disposition” means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s lifetime or upon or after the Participant’s death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.