Non-transferability of Interest Clause Samples
The Non-transferability of Interest clause prohibits parties from transferring or assigning their rights or interests under the agreement to third parties without prior consent. In practice, this means that a party cannot sell, give, or otherwise pass on their stake or obligations in the contract to another individual or entity unless the other party to the agreement agrees in writing. This clause is essential for maintaining control over who is involved in the contractual relationship and helps prevent unwanted or unapproved changes in the parties to the agreement.
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Non-transferability of Interest. None of the rights of Executive to receive any form of compensation payable pursuant to this Agreement shall be assignable or transferable except through a testamentary disposition or by the laws of descent and distribution upon the death of Executive. Any attempted assignment, transfer, conveyance, or other disposition (other than as aforesaid) of any interest in the rights of Executive to receive any form of compensation to be made by the Company pursuant to this Agreement shall be void.
Non-transferability of Interest. None of the rights of Employee to receive any form of compensation payable pursuant to this Agreement shall be assignable or transferable except through a testamentary disposition or by the laws of descent and distribution upon the death of Employee. Any attempted assignment, transfer, conveyance, or other disposition (other than as aforesaid) of any interest in the rights of Employee to receive any form of compensation to be made by the Company pursuant to this Agreement shall be void.
Non-transferability of Interest. None of the rights of Consultant to receive any form of compensation payable pursuant to this Agreement shall be assignable or transferable except through a testamentary disposition or by the laws of descent and distribution upon the death of Consultant. Any attempted assignment, transfer, conveyance, or other disposition (other than as aforesaid) of any interest in the rights of Consultant to receive any form of compensation to be made pursuant to this Agreement shall be void. In the event of Consultant’s death, his or her estate or beneficiaries shall be entitled to receive all amounts payable to Consultant hereunder and earned prior to the date of Consultant’s death.
Non-transferability of Interest. None of the rights of Consultant to receive any form of compensation payable pursuant to this Agreement shall be assignable or transferable except through a testamentary disposition or by the laws of descent and distribution upon the death of Consultant. Any attempted assignment, transfer, conveyance, or other disposition (other than as aforesaid) of any interest in the rights of Consultant to receive any form of compensation to be made by the Company pursuant to this Agreement shall be void.
Non-transferability of Interest. None of the rights of the Employee to receive any form of compensation payable pursuant to this Agreement shall be assignable or transferable except through a testamentary disposition or by the laws of descent and distribution upon the death of the Employee, and upon any such disposition the only rights that may be transferred are rights to receive compensation that has accrued and become payable at the time of the Employee's death or that becomes payable as a result of the Employee's death pursuant to Section 7.
1. Any attempted assignment, transfer, conveyance, or other disposition (other than as aforesaid) of any interest in the rights of the Employee to receive any form of compensation to be made by the Company pursuant to this Agreement shall be void.
Non-transferability of Interest. None of the rights of Employee to receive any form of compensation
Non-transferability of Interest. Except as provided in this Section 15, no party may assign or delegate any rights or obligations hereunder without first obtaining the written consent of the other party hereto. The Company may assign this Agreement to any successor to all or substantially all of the business and/or assets of the Company or any of its affiliates, provided, that the Company shall require such successor or affiliate to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, the term “Company” shall mean the Company and any successor to its business and/or assets or affiliate, which assumes and agrees to perform the duties and obligations of the Company under this Agreement by operation of law or otherwise, or to which Executive’s employment is transferred prior to the Transition Date. This Agreement is binding upon, and shall inure to the benefit of, the parties and their respective heirs, executors and administrators (including Executive’s estate, in the event of Executive’s death), and their respective permitted successors and assigns.
Non-transferability of Interest. In the absence of consent by the Company, which shall not be unreasonably withheld, none of the rights of ▇▇▇▇ ▇▇▇▇▇ to receive any form of fees or compensation payable pursuant to this Agreement shall be assignable or transferable. Any attempted assignment, transfer, conveyance, or other disposition of any interest in the rights of ▇▇▇▇ ▇▇▇▇▇ to receive any form of compensation to be made by the Company pursuant to this Agreement shall be void.
Non-transferability of Interest. In the absence of consent by the Company, which shall not be unreasonably withheld, none of the rights of Argentum to receive any form of fees or compensation payable pursuant to this Agreement shall be assignable or transferable. Any attempted assignment, transfer, conveyance, or other disposition of any interest in the rights of Argentum to receive any form of compensation to be made by the Company pursuant to this Agreement shall be void.
Non-transferability of Interest. In the absence of consent by the Company, which shall not be unreasonably withheld, none of the rights of Cerro Rico to receive any form of fees or compensation payable pursuant to this Agreement shall be assignable or transferable. Any attempted assignment, transfer, conveyance, or other disposition of any interest in the rights of Cerro Rico to receive any form of compensation to be made by the Company pursuant to this Agreement shall be void.