Common use of Restriction of Transfer Clause in Contracts

Restriction of Transfer. This Award Agreement may not be sold, pledged, or otherwise transferred without the prior written consent of the Compensation Committee. Notwithstanding the foregoing, the Participant may transfer this Award (i) by instrument to an inter vivos or testamentary trust (or other entity) in which each beneficiary is a permissible gift recipient, as such is set forth in subsection (ii) of this Section, or (ii) by gift to charitable institutions or by gift or transfer for Stock Appreciation Rights Award Commerce Energy Group, Inc. 2006 Stock Incentive Plan consideration to any of the following relatives of the Participant (or to an inter vivos trust, testamentary trust or other entity primarily for the benefit of the following relatives of the Participant): any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, domestic partner, s▇▇▇▇▇▇, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, and shall include adoptive relationships. Any transferee of the Participant’s rights shall succeed and be subject to all of the terms of this Award Agreement and the Plan.

Restriction of Transfer. This If lifetime transfers are allowed under Section 1, your rights under this Award Agreement may not be sold, pledged, or otherwise transferred without the prior written consent of the Compensation Committee. Notwithstanding the foregoing, the Participant you may transfer this Award Agreement. (i) by instrument to an inter vivos or testamentary trust (or other entity) in which each beneficiary is a permissible gift recipient, as such is set forth in subsection (ii) of this Section, or or (ii) by gift to charitable institutions or by gift or transfer for Stock Appreciation Rights Award Commerce Energy Group, Inc. 2006 Stock Incentive Plan consideration to any of the following relatives of the Participant yours (or to an inter vivos trust, testamentary trust or other entity primarily for the benefit of the following relatives of the Participantyours): any child, stepchild▇▇▇▇▇▇▇▇▇, grandchild, parent, stepparent, grandparent, spouse, former spouse, domestic partner, s▇▇▇▇▇▇sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, and shall include adoptive relationships. Any transferee of the Participant’s your rights shall succeed to and be subject to all of the terms of this Award Agreement and the Plan.