Said priority right shall be nontransferable but stockholders may, at the Board's discretion, be offered a secondary priority right to subscribe for any shares or share equivalents not taken up by other stockholders. |
To encourage a more equal take-up of leave by both parents, at least one of the four months shall be provided on a nontransferable basis. |
In all Member States, entitlement to parental leave is individual and in principle nontransferable in conformity with the Directive. |
All benefits are based on mechanical breakdown and are as outlined or described in this Contract as vehicle based, and thus nontransferable. |
The current system of allocation of nontransferable, variable duration licences to individual vessels is to be replaced by a system of long-term individual transferable rights owned by Falkland Islanders. |
Some countries define parental leave as a nontransferable individual right. |