Common use of Transferability of SARs Clause in Contracts

Transferability of SARs. SARs may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, provided that in the event of the Participant’s death, shares deliverable or amounts payable with respect to the SARs shall be delivered or paid, as applicable, to the Participant’s designated beneficiary. The Administrator will advise Participants with respect to the procedures for naming and changing designated beneficiaries.

Transferability of SARs. The SARs may not be soldtransferred in any manner other than by will or by the laws of descent and distribution. Notwithstanding the foregoing, transferred, pledged, assigned, Participant may designate one or otherwise alienated or hypothecated, provided that more beneficiaries of Participant’s SARs in the event of the Participant’s death, shares deliverable or amounts payable with respect to death on a beneficiary designation form provided by the SARs Committee. The terms of this Award Agreement shall be delivered or paidbinding upon the executors, as applicableadministrators, to the heirs, successors and transferees of Participant’s designated beneficiary. The Administrator will advise Participants with respect to the procedures for naming and changing designated beneficiaries.

Transferability of SARs. The SARs may not be soldtransferred in any manner other than by will or by the laws of descent and distribution. Notwithstanding the foregoing, transferred, pledged, assigned, the Participant may designate one or otherwise alienated or hypothecated, provided that more beneficiaries of the Participant’s SARs in the event of the Participant’s death, shares deliverable or amounts payable with respect to death on a beneficiary designation form provided by the SARs Committee. The terms of this Award Agreement shall be delivered or paidbinding upon the executors, as applicableadministrators, to heirs, successors and transferees of the Participant’s designated beneficiary. The Administrator will advise Participants with respect to the procedures for naming and changing designated beneficiaries.

Transferability of SARs. The SARs may not be soldtransferred in any manner other than by will or by the laws of descent and distribution. Notwithstanding the foregoing, transferred, pledged, assigned, Participant may designate one or otherwise alienated or hypothecated, provided that more beneficiaries of Participant’s SARs in the event of the Participant’s death, shares deliverable or amounts payable with respect to death on a beneficiary designation form provided by the SARs Administrator. The terms of this Award Agreement shall be delivered or paidbinding upon the executors, as applicableadministrators, to the heirs, successors and transferees of Participant’s designated beneficiary. The Administrator will advise Participants with respect to the procedures for naming and changing designated beneficiaries.

Transferability of SARs. The SARs may not be soldtransferred in any manner other than by will or by the laws of descent and distribution. Notwithstanding the foregoing, transferred, pledged, assigned, Participant may designate one or otherwise alienated or hypothecated, provided that more beneficiaries of Participant's SARs in the event of Participant's death on a beneficiary designation form provided by the Participant’s death, shares deliverable or amounts payable with respect to the SARs Committee. The terms of this Award Agreement shall be delivered or paidbinding upon the executors, as applicableadministrators, to the heirs, successors and transferees of Participant’s designated beneficiary. The Administrator will advise Participants with respect to the procedures for naming and changing designated beneficiaries.