11.8 Individually Negotiated Limitations on Player Movement.
(a) The SPC of any Player who is a Group 3 Unrestricted Free Agent under Article 10.1(a) may contain a no-Trade or a no-move clause. SPCs containing a no-Trade or a no-move clause may be entered into prior to the time that the Player is a Group 3 Unrestricted Free Agent so long as the SPC containing the no-Trade or no-move clause extends through and does not become effective until the time that the Player qualifies for Group 3 Unrestricted Free Agency. If the Player is Traded or claimed on Waivers prior to the no-Trade or no-move clause taking effect, the clause does not bind the acquiring Club. An acquiring Club may agree to continue to be bound by the no-Trade or no-move clause, which agreement shall be evidenced in writing to the Player, Central Registry and the NHLPA, in accordance with Exhibit 3 hereof.
(b) A no-Trade clause or a no-move clause that is negotiated as part of an extension of an SPC entered into pursuant to Section 50.5(f) may become effective immediately upon registration of, but prior to the effective date of, such SPC extension, provided: (i) the Player would otherwise have been eligible as of the immediately preceding July 1 prior to signing the SPC extension to have a no-Trade or no-move clause pursuant to Section 11.8; and (ii) the Club and the Player, who are parties to such SPC extension, agree that the no-Trade or no-move clause is effective immediately upon execution of the SPC extension (or at some later date agreed to by the Club and the Player) and evidence such agreement in writing in the SPC.
(c) A no-move clause may prevent the involuntary relocation of a Player, whether by Trade, Loan or Waiver claim. A no-move clause, however, may not restrict the Club's Buy-Out and termination rights as set forth in this Agreement. Prior to exercising its Ordinary Course Buy-Out rights pursuant to Paragraph 13 of the SPC hereof, the Club shall, in writing in accordance with the notice provisions in Exhibit 3 hereof, provide the Player with the option of electing to be placed on Waivers. The Player will have twenty-four (24) hours from the time he receives such notice to accept or reject that option at his sole discretion, and shall so inform the Club in writing, in accordance with the notice provisions in Exhibit 3 hereof, within such twenty-four (24) hour period. If the player does not timely accept or reject that option, it will be deemed rejected.
