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Rights Not Transferable
Rights Not Transferable contract clause examples
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Not Transferable. The option herein granted herein shall be deemed personal to the Named Tenant. The exercise of the aforesaid option at a time when # the Occupancy Requirement is not satisfied, or # the Tenant under this Lease is not the Named Tenant, shall be void and of no force and effect unless Landlord shall elect otherwise.

Not Transferable. The option herein granted herein shall be deemed personal to the Named Tenant. The exercise of the aforesaid option at a time when # the Occupancy Requirement is not satisfied, or # the Tenant under this Lease is not the Named Tenant, shall be void and of no force and effect unless Landlord shall elect otherwise.

Not Transferable. The option herein granted herein shall be deemed personal to the Named Tenant. The exercise of the aforesaid option at a time when # the Occupancy Requirement is not satisfied, or # the Tenant under this Lease is not the Named Tenant, shall be void and of no force and effect unless Landlord shall elect otherwise.

Not Transferable. The option herein granted herein shall be deemed personal to the Named Tenant. The exercise of the aforesaid option at a time when # the Occupancy Requirement is not satisfied, or # the Tenant under this Lease is not the Named Tenant, shall be void and of no force and effect unless Landlord shall elect otherwise.

Not Transferable. The option herein granted herein shall be deemed personal to the Named Tenant. The exercise of the aforesaid option at a time when # the Occupancy Requirement is not satisfied, or # the Tenant under this Lease is not the Named Tenant, shall be void and of no force and effect unless Landlord shall elect otherwise.

All Participants granted Options under the Plan with respect to any Option Period will have the same rights and privileges. Each Participant’s rights and privileges under any Option granted under the Plan will be exercisable during the Participant’s lifetime only by him or her and except as provided in Section 13 above may not be sold, pledged, assigned, or transferred in any manner. In the event any Participant violates or attempts to violate the terms of this Section, any Options held by him or her may be terminated by the Company and, upon return to the Participant of the balance of his or her withholding account, all of the Participant’s rights under the Plan will terminate.

Award Not Transferable. Without limiting the generality of any other provision hereof, the Award shall be subject to the restrictions on transferability set forth in [Section 9.1] of the Plan.

Not Transferable; Occupancy. The option herein granted herein shall be deemed personal to the Named Tenant. The exercise of the aforesaid option at a time when # the Occupancy Requirement (as hereinafter defined) is not satisfied, or # the Tenant under this Lease is not the Named Tenant, shall be void and of no force and effect unless Landlord shall elect otherwise. The “Occupancy Requirement” means that Tenant shall not be subleasing more than twenty-five percent (25%) of the rentable area of the Premises to a party (other than in connection with a Permitted Transfer or other than a party as to which Tenant has a ten percent (10%) or more ownership interest; provided, Tenant shall provide reasonable evidence of such ownership interest to Landlord as part of any Transfer Request Notice with respect to such subleasing and otherwise upon Landlord’s request).

Not Transferable; Occupancy. The option herein granted herein shall be deemed personal to the Named Tenant. The exercise of the aforesaid option at a time when # the Occupancy Requirement is not satisfied, or # the Tenant under this Lease is not the Named Tenant, shall be void and of no force and effect unless Landlord shall elect otherwise.

Benefits Not Transferable. No Participant or Beneficiary shall have the power to transmit, alienate, dispose of, pledge or encumber any benefit payable under the Plan before its actual payment to the Participant or Beneficiary. Any such effort by a Participant or Beneficiary to convey any interest in the Plan shall not be given effect under the Plan. No benefit payable under the Plan shall be subject to attachment, garnishment, execution following judgment or other legal process before its actual payment to the Participant or Beneficiary. Notwithstanding the foregoing, a benefit payable under the Plan may be assigned under the terms of a Domestic Relations Order, provided the distribution of the portion of the account so assigned shall be accelerated and distributed as soon as administratively practical after receipt by the Company of such Order.

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