Nontransferability of SARs. No SAR granted under the Plan, and no right to receive payment in connection therewith, may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than upon the death of the Participant in accordance with [Section 17.11]. Further, all SARs, and rights in connection therewith, granted to a Participant under the Plan shall be exercisable during his lifetime only by such Participant or his guardian or legal representative.

Nontransferability of SARs. No SAR granted under the Plan, and no right to receive payment in connection therewith,Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, otherotherwise than uponby will or by the deathlaws of the Participant in accordance with [Section 17.11].descent and distribution. Further, all SARs, and rights in connection therewith,SARs granted to a Participant under the Plan shall be exercisable during his lifetime only by such Participant or his guardian or legal representative.Participant.

NON-TRANSFERABILITY OF SARs. NoExcept as otherwise provided in a Participant's Award Agreement, no SAR granted under the Plan, and no right to receive payment in connection therewith,Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than uponby will or by the deathlaws of the Participantdescent and distribution. Further, except as otherwise provided in accordance with [Section 17.11]. Further,a Participant's Award Agreement, all SARs, and rights in connection therewith,SARs granted to a Participant under the Plan shall be exercisable during his or her lifetime only by such Participant or his guardian or legal representative.Participant.

Non-Transferability of SARs. NoExcept as otherwise provided in a Participant’s Award Agreement or otherwise at any time by the Compensation Committee, no SAR granted under the Plan, and no right to receive payment in connection therewith,Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than uponby will or by the deathlaws of descent and distribution. Further, except as otherwise provided in a Participant’s Award Agreement or otherwise at any time by the Participant in accordance with [Section 17.11]. Further,Compensation Committee, all SARs, and rights in connection therewith,SARs granted to a Participant under the Plan shall be exercisable during his or her lifetime only by such Participant. With respect to those SARs, if any, that are permitted to be transferred to another person, references in the Plan to exercise of the SAR by the Participant or his guardian or legal representative.payment of any amount to the Participant shall be deemed to include, as determined by the Compensation Committee, the Participant’s permitted transferee.