Transferability of Performance Shares. Performance Shares shall not be transferable by the Grantee other than by will or by the laws of descent or distribution. For avoidance of doubt, Shares issued to the Grantee in settlement of Performance Shares pursuant to Section 2 of this Agreement shall not be subject to any of the foregoing transferability restrictions.
Appears in 13 contracts
Samples: Performance Share Award Agreement (Clorox Co /De/), Performance Share Award Agreement (Clorox Co /De/), Performance Share Award Agreement (Clorox Co /De/)