Common use of No Obligation to Transfer Clause in Contracts

No Obligation to Transfer. The Company shall not be required to (i) transfer on its books any Restricted Shares which shall have been sold or transferred in violation of any provision of this Agreement; or (ii) treat as owner of such Restricted Shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such Restricted Shares shall have been transferred in violation of a provision of this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Txu Corp /Tx/), Restricted Stock Award Agreement (Txu Corp /Tx/)

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No Obligation to Transfer. The Company shall not be required to (i) to transfer on its books any Restricted Shares which shall have been sold or transferred in violation of any provision of the provisions set forth in this Agreement; , or (ii) to treat as owner of such Restricted Shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such Restricted Shares shall have been transferred in violation of a provision of this Agreementso transferred.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Cisco Systems Inc), Shareholder's Agreement (Netsolve Inc)

No Obligation to Transfer. The Company shall not be required to (i) transfer on its books any Restricted Bonus Shares which shall have been sold or transferred in violation of any provision of this Agreement; or (ii) treat as owner of such Restricted Bonus Shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such Restricted Bonus Shares shall have been transferred in violation of a provision of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Vision-Ease Lens CORP), Employment Agreement (Vision-Ease Lens CORP)

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No Obligation to Transfer. The Company shall not be required to (i) transfer on its books any Restricted Shares which shall have been sold or transferred in violation of any provision of this Agreement; or (ii) treat as Exhibit 10.3 owner of such Restricted Shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such Restricted Shares shall have been transferred in violation of a provision of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Txu Corp /Tx/)

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