Transferability of Units. The Units are transferable only to the extent permitted in accordance with the Plan at the time of transfer (i) by will or by the laws of descent and distribution, or (ii) by a domestic relations order in such form as is acceptable to the Company. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of the Grantee or any permitted transferee thereof.
Appears in 5 contracts
Samples: Restricted Stock Unit Incentive Agreement (Parker Drilling Co /De/), Restricted Stock Unit Incentive Agreement (Parker Drilling Co /De/), Restricted Stock Unit Incentive Agreement (Identive Group, Inc.)
Transferability of Units. The Units are transferable only to the extent permitted in accordance with under the Plan at the time of transfer (i) by will or by the laws of descent and distribution, or (ii) by a domestic relations order in such form as is acceptable to the Company. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of the Grantee or any permitted transferee thereof.
Appears in 2 contracts
Samples: Restricted Stock Unit Incentive Agreement (Parker Drilling Co /De/), Restricted Stock Unit Incentive Agreement (Parker Drilling Co /De/)
Transferability of Units. The Units are transferable only to the extent permitted in accordance with under the Plan Program at the time of transfer (i) by will or by the laws of descent and distribution, or (ii) by a domestic relations order in such form as is acceptable to the Company. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of the Grantee or any permitted transferee thereof.
Appears in 1 contract
Samples: Restricted Stock Unit Incentive Agreement (Parker Drilling Co /De/)
