Common use of Non-Transferability of Restricted Stock Clause in Contracts

Non-Transferability of Restricted Stock. Restricted Stock may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution.

Non-Transferability of Restricted Stock. Except as may be otherwise determined by the Committee in its sole discretion, prior to its vesting, the Restricted Stock may not be sold, transferred, pledged, assigned, hypothecatedencumbered, transferredalienated, hypothecated or otherwise disposed of in any manner other than by will (whether voluntarily or involuntarily or by the laws operation of descent law by judgment, levy, attachment, garnishment or distributionany other legal or equitable proceedings, including bankruptcy).