Examples of Grant Letter in a sentence
The rights and interests of the Participant under this Grant Letter may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Participant, by will or by the laws of descent and distribution.
If the Participant dies, any payments to be made under this Grant Letter after the Participant’s death shall be paid to the Participant’s estate.
The validity, construction, interpretation and effect of this Grant Letter shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, without giving effect to the conflicts of laws provisions thereof.
For purposes of section 409A, each payment of compensation under this Grant Letter shall be treated as a separate payment.
The Grant Letter and these Grant Conditions shall bind and inure to the benefit of the successors and assignees of the Company.