Common use of Non-Transferability of RSUs Clause in Contracts

Non-Transferability of RSUs. Except as expressly provided in the Plan or this Agreement, prior to the vesting of an RSU, such RSU may not be sold, assigned, transferred, pledged or otherwise disposed of, shall not be assignable by operation of law, and shall not be subject to execution, attachment or similar process, except by will or the laws of descent and distribution. Any attempted sale, assignment, transfer, pledge or other disposition of any RSU prior to vesting shall be null and void and without effect.

Appears in 4 contracts

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

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Non-Transferability of RSUs. Except as expressly provided in the Plan or this Agreement, prior to the vesting expiration of an RSUthe Vesting Period described in Section 3, such RSU the RSUs may not be sold, assigned, transferred, pledged or otherwise disposed of, shall not be assignable by operation of law, and shall not be subject to execution, attachment or similar process, except by will or the laws of descent and distribution. Any attempted sale, assignment, transfer, pledge or other disposition of any RSU RSUs prior to vesting shall be null and void and without effect.

Appears in 3 contracts

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

Non-Transferability of RSUs. Except as expressly provided in the Plan or this Agreement, prior to the vesting of an RSU, such RSU RSUs may not be sold, assigned, transferred, pledged or otherwise disposed of, shall not be assignable by operation of law, law and shall not be subject to execution, attachment or similar process, except by will or the laws of descent and distribution. Any attempted sale, assignment, transfer, pledge or other disposition of any RSU prior to vesting shall be null and void and without effect.

Appears in 3 contracts

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

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Non-Transferability of RSUs. Except as expressly provided in the Plan or this Agreement, prior to the vesting expiration of the Vesting Period described in Section 3 with respect to an RSU, such RSU may not be sold, assigned, transferred, pledged or otherwise disposed of, shall not be assignable by operation of law, and shall not be subject to execution, attachment or similar process, except by will or the laws of descent and distribution. Any attempted sale, assignment, transfer, pledge or other disposition of any RSU prior to vesting shall be null and void and without effect.

Appears in 3 contracts

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

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