Transferability of SARs. The SARs may not be transferred in any manner other than by will or by the laws of descent and distribution. Notwithstanding the foregoing, Participant may designate one or more beneficiaries of Participant’s SARs in the event of Participant’s death on a beneficiary designation form provided by the Committee. The terms of this Award Agreement shall be binding upon the executors, administrators, heirs, successors and transferees of Participant.
Appears in 3 contracts
Sources: Stock Appreciation Right Award (LGI Homes, Inc.), Stock Appreciation Right Award (Applied Optoelectronics, Inc.), Stock Appreciation Right Award (Applied Optoelectronics, Inc.)
Transferability of SARs. The SARs may not be transferred in any manner other than by will sold, transferred, pledged, assigned, or by the laws of descent and distribution. Notwithstanding the foregoingotherwise alienated or hypothecated, Participant may designate one or more beneficiaries of Participant’s SARs provided that in the event of the Participant’s death on a beneficiary designation form provided by death, shares deliverable or amounts payable with respect to the CommitteeSARs shall be delivered or paid, as applicable, to the Participant’s designated beneficiary. The terms of this Award Agreement shall be binding upon Administrator will advise Participants with respect to the executors, administrators, heirs, successors procedures for naming and transferees of Participantchanging designated beneficiaries.
Appears in 3 contracts
Sources: Stock Appreciation Rights Award Agreement (Hyatt Hotels Corp), Stock Appreciation Rights Award Agreement (Hyatt Hotels Corp), Stock Appreciation Rights Award Agreement (Hyatt Hotels Corp)
Transferability of SARs. The SARs may not be transferred in any manner other than by will or by the laws of descent and distribution. Notwithstanding the foregoing, the Participant may designate one or more beneficiaries of the Participant’s SARs in the event of the Participant’s death on a beneficiary designation form provided by the Committee. The terms of this Award Agreement shall be binding upon the executors, administrators, heirs, successors and transferees of the Participant.
Appears in 2 contracts
Sources: Stock Appreciation Right Award Agreement (Tapstone Energy Inc.), Stock Appreciation Right Award Agreement (Warren Resources Inc)
Transferability of SARs. The SARs may not be transferred in any manner other than by will or by the laws of descent and distribution. Notwithstanding the foregoing, Participant may designate one or more beneficiaries of Participant’s 's SARs in the event of Participant’s 's death on a beneficiary designation form provided by the Committee. The terms of this Award Agreement shall be binding upon the executors, administrators, heirs, successors and transferees of Participant.
Appears in 1 contract
Sources: Stock Appreciation Right Award Agreement (Powell Industries Inc)
Transferability of SARs. The SARs may not be transferred in any manner other than by will or by the laws of descent and distribution. Notwithstanding the foregoing, Participant may designate one or more beneficiaries of Participant’s SARs in the event of Participant’s death on a beneficiary designation form provided by the CommitteeAdministrator. The terms of this Award Agreement shall be binding upon the executors, administrators, heirs, successors and transferees of Participant.
Appears in 1 contract
Sources: Stock Appreciation Right Award (Guaranty Bancshares Inc /Tx/)