Common use of Non-Transferability of RSUs Clause in Contracts

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void.

Appears in 52 contracts

Samples: Restricted Stock Unit Award Agreement (XPO, Inc.), Promotion Restricted Stock Unit Award Agreement (XPO, Inc.), Restricted Stock Unit Award Agreement (XPO, Inc.)

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Non-Transferability of RSUs. Unless otherwise provided by the Committee determines otherwise in its discretionadvance in writing, RSUs may not be sold, assigned, alienated, transferred, pledged, attached transferred in any manner otherwise than by will or otherwise encumbered except as provided in Section 9(a) by the applicable laws of the Plandescent or distribution. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs in violation of the provisions of this Section 6 and Section 9(a) The terms of the Plan and this Agreement shall be voidbinding upon the executors, administrators, heirs and permitted successors and assigns of the Participant.

Appears in 28 contracts

Samples: Restricted Stock Unit Agreement (Veralto Corp), Restricted Stock Unit Agreement (Veralto Corp), Restricted Stock Unit Agreement (Veralto Corp)

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of by the PlanParticipant. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs an RSU in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (First Solar, Inc.), Restricted Stock Unit Award Agreement (First Solar, Inc.), Restricted Stock Unit Award Agreement (First Solar, Inc.)

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs an RSU in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Benchmark Electronics Inc), Restricted Stock Unit Award Agreement (Benchmark Electronics Inc), Restricted Stock Unit Award Agreement (Benchmark Electronics Inc)

Non-Transferability of RSUs. Unless otherwise Except as expressly provided by in the Committee in its discretionPlan or this Agreement, the RSUs may not be sold, assigned, alienated, transferred, pledged, attached pledged or otherwise encumbered disposed of, shall not be assignable by operation of law, and shall not be subject to execution, attachment or similar process, except as provided in Section 9(a) by will or the laws of the Plandescent and distribution. Any purported attempted sale, assignment, alienation, transfer, pledge, attachment pledge or other encumbrance disposition of RSUs in violation of the provisions of this Section 6 and Section 9(a) of the Plan any RSU prior to vesting shall be voidnull and void and without effect.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (LKQ Corp), Restricted Stock Unit Agreement (LKQ Corp), Restricted Stock Unit Agreement (LKQ Corp)

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a9(c) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs an RSU in violation of the provisions of this Section 6 and Section 9(a9(c) of the Plan shall be void.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Fresh Market, Inc.), Restricted Stock Unit Award Agreement (Fresh Market, Inc.), Stock Unit Award Agreement (Fresh Market, Inc.)

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its sole discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs an RSU in violation of the provisions of this Section 6 5 and Section 9(a) of the Plan shall be void.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.), Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.), Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.)

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment attachment, or other encumbrance of RSUs in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void.

Appears in 3 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (XPO, Inc.), Performance Based Restricted Stock Unit Award Agreement (XPO, Inc.), Restricted Stock Unit Award Agreement Under The (GXO Logistics, Inc.)

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Non-Transferability of RSUs. Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of such RSUs in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.), Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.)

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs in violation of the provisions of this Section 6 and Section 9(a) 5 or of the Plan shall be void.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (iBio, Inc.)

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its discretion, this Award and the RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs the Award or any RSU in violation of the provisions of this Section 6 5 and Section 9(a) of the Plan shall be void.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Cable One, Inc.)

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void. 1 Note to Draft: This language only included in award agreements for employees who have anticipatory Change of Control rights in employment agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (XPO Logistics, Inc.)

Non-Transferability of RSUs. Unless otherwise provided by the Committee in its sole discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a10(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs an RSU in violation of the provisions of this Section 6 and Section 9(a10(a) of the Plan shall be void.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (DreamWorks Animation SKG, Inc.)

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