Common use of Grant is Not Transferable Clause in Contracts

Grant is Not Transferable. Except to the limited extent provided in Section 5, this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt 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.

Appears in 3 contracts

Sources: Restricted Stock Award Agreement (Paymentus Holdings, Inc.), Restricted Stock Award Agreement (Paymentus Holdings, Inc.), Performance Cash Agreement (Bridgepoint Education Inc)

Grant is Not Transferable. Except to the limited extent provided in Section 5, this This Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Awardgrant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 3 contracts

Sources: Restricted Share Unit Award Agreement (CRH Public LTD Co), Restricted Share Unit Award Agreement (CRH Public LTD Co), Performance Share Unit Award Agreement (CRH Public LTD Co)

Grant is Not Transferable. Except to the limited extent provided in Section 56, this Award and the rights and privileges conferred hereby will may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt 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.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (Align Technology Inc), Restricted Stock Unit Agreement (Align Technology Inc)

Grant is Not Transferable. Except to the limited extent provided in Section 58, this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt 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.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (BlackSky Technology Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

Grant is Not Transferable. Except to the limited extent provided in Section 54, this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt 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.

Appears in 1 contract

Sources: Stock Option Award Agreement (Bakkt Holdings, Inc.)

Grant is Not Transferable. Except to the limited extent provided in Section 56, this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt 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.. ​

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Solid Power, Inc.)

Grant is Not Transferable. Except to the limited extent provided in Section 510, this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, Award or any right or privilege conferred hereby, 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.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Ibotta, Inc.)