The SARs are not transferable (either voluntarily or involuntarily), other than pursuant to a domestic relations order or, if permitted by the Committee, otherwise to Family Members, subject to such terms and conditions as the Committee may impose. Employee may designate a beneficiary or beneficiaries (the “Beneficiary”) to whom the SARs will pass upon Employee’s death and may change such designation from time to time by filing a written designation of Beneficiary on such form as may be prescribed by the Company; provided that no such designation shall be effective until filed with the Company. Employee may change his Beneficiary without the consent of any prior Beneficiary by filing a new designation with the Company; provided that no such designation shall be effective prior to receipt by the Company. Following Employee’s death, the SARs will pass to the designated Beneficiary and such person will be deemed Employee for purposes of any applicable provisions of this Agreement. If no such designation is made or if the designated Beneficiary does not survive Employee’s death, the SARs shall pass by will or, if none, then by the laws of descent and distribution.