HRL » Topics » Restriction on Transfers

This excerpt taken from the HRL DEF 14A filed Dec 23, 2005.

Restriction on Transfers

No award (other than other stock grants) and no right under any such award granted under the Plan shall be transferable by a participant otherwise than by will, or by the laws of descent and distribution, except that the Committee may permit the transfer of options (other than incentive stock options) and the designation of a beneficiary.  Each award is exercisable, during such individual’s lifetime, only by such individual, or, if permissible under applicable law, by such individual’s guardian or legal representative.

"Restriction on Transfers" elsewhere:

General Mills (GIS)
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