Common use of Grant is Not Transferable Clause in Contracts

Grant is Not Transferable. This grant 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 grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Juno Therapeutics, Inc.), Restricted Stock Unit Agreement (ProPetro Holding Corp.), Network Betanet Node Agreement

AutoNDA by SimpleDocs

Grant is Not Transferable. This Except to the limited extent provided in paragraph 7 above, this grant (and the associated rights and privileges conferred hereby will privileges) cannot 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 grant, or of any associated right or privilege conferred herebyprivilege, or upon any attempted sale under any execution, attachment or similar process, this grant and the associated rights and privileges conferred hereby will immediately will become null and void.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Red Lion Hotels CORP), Restricted Stock Unit Agreement (Red Lion Hotels CORP), Restricted Stock Unit Agreement (Red Lion Hotels CORP)

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

Appears in 2 contracts

Samples: Restricted Stock Agreement (Infospace Inc), Restricted Stock Agreement (Millennium Cell Inc)

Grant is Not Transferable. This Except to the limited extent provided in paragraph 8 above, this grant (and the associated rights and privileges conferred hereby will privileges) cannot 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 grant, or of any associated right or privilege conferred herebyprivilege, or upon any attempted sale under any execution, attachment or similar process, this grant and the associated rights and privileges conferred hereby will immediately will become null and void.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Sun Microsystems, Inc.), Restricted Stock Unit Agreement (Sun Microsystems, Inc.)

Grant is Not Transferable. This Except to the limited extent provided in paragraph 8 above, this grant (and the associated rights and privileges conferred hereby will privileges) cannot 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 grant, or of any associated right or privilege conferred herebyprivilege, or upon any attempted sale under any execution, attachment or similar process, this grant and the associated rights and privileges conferred hereby will immediately will become null and void.. April, 2007

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Sun Microsystems, Inc.)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Deferred Stock Agreement (Guitar Center Inc)

Grant is Not Transferable. This grant of Restricted Stock 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 grantgrant of Restricted Stock, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 1 contract

Samples: Restricted Stock Agreement (Maxim Integrated Products Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.