Common use of Invalid Transfers Clause in Contracts

Invalid Transfers. Any disposition of the Grant Shares other than in strict compliance with the provisions of this Agreement shall be void. The Company shall not be required (i) to transfer on its books any Grant Shares which have been sold or transferred in violation of the provisions of this Section 3 or (ii) to treat as the owner of the Grant Shares, or otherwise to accord voting, dividend or any other rights to, any person or entity to whom Grantee transferred or attempted to transfer the Grant Shares in contravention of this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Umpqua Holdings Corp), Restricted Stock Unit Agreement (Lithia Motors Inc), Restricted Stock Agreement (Lithia Motors Inc)

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Invalid Transfers. Any disposition of the Grant Shares other than in strict compliance with the provisions of this Agreement shall be void. The Company shall not be required (i) to transfer on its books any Grant Shares which have been sold or transferred in violation of the provisions of this Section 3 or (ii) to treat as the owner of the Grant Shares, or otherwise to accord voting, dividend or any other rights to, any person or entity to whom Grantee Participant transferred or attempted to transfer the Grant Shares in contravention of this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Wmih Corp.), Restricted Stock Agreement (Wmih Corp.), Restricted Stock Agreement (Wmih Corp.)

Invalid Transfers. Any disposition of the Grant Shares other than in strict compliance with the provisions of this Agreement shall be void. The Company shall not be required to (i) to transfer on its books any Grant Shares which have been sold or transferred in violation of the provisions of this Section 3 or (ii) to treat as the owner of the Grant Shares, or otherwise to accord voting, dividend or any other rights to, any person or entity to whom Grantee Participant transferred or attempted to transfer the Grant Shares in contravention of this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Wmih Corp.), Restricted Stock Agreement (Wmih Corp.)

Invalid Transfers. Any disposition of the Grant Shares other than in strict compliance with the provisions of this Agreement shall be void. The Company shall not be required (i) to transfer on its books any Grant Shares which have been sold or transferred in violation of the provisions of this Section 3 or (ii) to treat as the owner of the Grant Shares, or otherwise to accord voting, dividend or any other rights to, any person or entity to whom Grantee transferred or attempted to transfer the Grant Shares in contravention of this Agreement.. (for non-executives)

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Lithia Motors Inc)

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Invalid Transfers. Any disposition of the Grant Shares other than in strict compliance with the provisions of this Agreement shall be void. The Company shall not be required (i) to transfer on its books any Grant Shares which have been sold or transferred in violation of the provisions of this Section 3 or (ii) to treat as the owner of the Grant Shares, or otherwise to accord voting, dividend or any other rights to, any person or entity to whom Grantee transferred or attempted to transfer the Grant Shares in contravention of this Agreement.. (for non-executive directors)

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Lithia Motors Inc)

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