Common use of Transferability of Award Clause in Contracts

Transferability of Award. The RSUs may not be transferred, pledged, sold, assigned, alienated or otherwise encumbered by the Director in any manner other than by will or by the laws of descent and distribution. Any such purported transfer, pledge, sale, assignment, alienation or encumbrance will be void and unenforceable against the Company. The terms of this Grant Agreement shall be binding upon the executors, administrators, heirs and successors of the Director.

Appears in 6 contracts

Samples: Director Grant Agreement (Hewlett Packard Enterprise Co), Grant Agreement (Hp Inc), Grant Agreement (Hp Inc)

AutoNDA by SimpleDocs

Transferability of Award. The RSUs may not be transferred, pledged, sold, assigned, alienated or otherwise encumbered by the Director in any manner other than by will or by the laws of descent and distribution. Any such purported transfer, pledge, sale, assignment, alienation or encumbrance will be void and unenforceable against the Company. The terms of this Grant Stock Notification and Award Agreement shall be binding upon the executors, administrators, heirs and successors of the Director.

Appears in 1 contract

Samples: Notification and Award Agreement (Hewlett Packard Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!