Transferability of SARs. Except as provided in Section 9.5, during the lifetime of a Grantee, only the Grantee (or, in the event of legal incapacity or incompetency, the Grantee’s guardian or legal representative) may exercise a SAR. Except as provided in Section 9.5, no SAR shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 3 contracts
Samples: Equity Incentive Plan (RLJ Lodging Trust), Equity Incentive Plan (QTS Realty Trust, Inc.), Equity Incentive Plan (RLJ Lodging Trust)
Transferability of SARs. Except as provided in Section 9.5, during the lifetime of a Grantee, only the Grantee (or, in the event of legal incapacity or incompetency, the Grantee’s 's guardian or legal representative) may exercise a SAR. Except as provided in Section 9.5, no SAR shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 2 contracts
Samples: Merger Agreement (Enterprise Acquisition Corp.), 2009 Stock Incentive Plan (China Armco Metals, Inc.)
Transferability of SARs. Except as provided in Section 9.59.6, during the lifetime of a GranteeGrantee of a SAR, only the Grantee (or, in the event of such Xxxxxxx’s legal incapacity or incompetency, the Granteesuch Xxxxxxx’s guardian or legal representative) may exercise a such SAR. Except as provided in Section 9.59.6, no SAR shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 2 contracts
Samples: 2015 Omnibus Incentive Plan (Darden Restaurants Inc), 2022 Equity Incentive Plan (BrightSpire Capital, Inc.)
Transferability of SARs. Except as provided in Section 9.5, during the lifetime of a GranteeGrantee of a SAR, only the Grantee (or, in the event of such Xxxxxxx’s legal incapacity or incompetency, the Granteesuch Xxxxxxx’s guardian or legal representative) may exercise a such SAR. Except as provided in Section 9.5, no SAR shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 1 contract
Transferability of SARs. Except as provided in Section 9.510.5, during the lifetime of a Grantee, only the Grantee (or, in the event of legal incapacity or incompetency, the Grantee’s 's guardian or legal representative) may exercise a SAR. Except as provided in Section 9.510.5, no SAR shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 1 contract
Samples: 2008 Omnibus Incentive Plan (Colonial Properties Trust)
Transferability of SARs. Except as provided in Section 9.59.6, during the lifetime of a GranteeGrantee of a SAR, only the Grantee (or, in the event of such Grantee's legal incapacity or incompetency, the Grantee’s 's guardian or legal representative) may exercise a such SAR. Except as provided in Section 9.59.6, no SAR shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution.
Appears in 1 contract
Samples: Non Qualified Stock Option Transfer Agreement (Walker & Dunlop, Inc.)
