Common use of Award is Not Transferable Clause in Contracts

Award is Not Transferable. Except to the limited extent provided in Section 5 above, this Award of PSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 6 contracts

Samples: Equity and Incentive Plan (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.), Psu Agreement (Vmware, Inc.)

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Award is Not Transferable. Except to the limited extent provided in Section 5 above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 6 contracts

Samples: Equity and Incentive Plan (Vmware, Inc.), Restricted Stock Unit Agreement (Vmware, Inc.), Restricted Stock Unit Agreement (Vmware, Inc.)

Award is Not Transferable. Except to the limited extent provided in Section 5 above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the StockShares. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Neuralstem, Inc.), Restricted Stock Unit Agreement (Genspera Inc), Restricted Stock Unit Agreement (SmartMetric, Inc.)

Award is Not Transferable. Except to the limited extent provided in Section 5 7 above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the StockShares. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Knight Ridder Inc), Restricted Stock Unit Agreement (Knight Ridder Inc)

Award is Not Transferable. Except to the limited extent provided in Section 5 6 above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will shall be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 2 contracts

Samples: Equity and Incentive Plan (Vmware, Inc.), Vmware, Inc.

Award is Not Transferable. Except to the limited extent provided in Section 5 above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will shall be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 1 contract

Samples: Vmware, Inc.

Award is Not Transferable. Except to the limited extent provided in Section 5 3 above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the StockShares. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 1 contract

Samples: Equity Incentive Plan (USA Mobility, Inc)

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Award is Not Transferable. Except to the limited extent provided in Section 5 [5][“Death of Participant”] above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 1 contract

Samples: Equity and Incentive Plan (Vmware, Inc.)

Award is Not Transferable. Except to the limited extent provided in Section 5 6 above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the StockShares. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 1 contract

Samples: Nexx Systems Inc

Award is Not Transferable. Except to the limited extent provided in Section 5 above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will shall be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.. Form of Time-Vested RSU Agreement for US Employees

Appears in 1 contract

Samples: Equity and Incentive Plan (Vmware, Inc.)

Award is Not Transferable. Except to the limited extent provided in Section 5 [5] [“Death of Participant”] above, this Award of PSUs RSUs and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees.

Appears in 1 contract

Samples: Equity and Incentive Plan (Vmware, Inc.)

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