Common use of Protections Against Violations of Agreement Clause in Contracts

Protections Against Violations of Agreement. No purported sale, assignment, mortgage, hypothecation, alienation, transfer, pledge, encumbrance, gift, transfer in trust or other disposition of, or creation of a security interest in or lien on, any of the Restricted Stock Units (or the underlying shares of Common Stock) by any holder thereof in violation of the provisions of this Agreement or the Plan will be valid, and the Company will not transfer any of such Restricted Stock Units on its books (or issue shares of Common Stock in settlement thereof), nor will any dividends be credited with respect thereto, unless and until there has been full compliance with such provisions to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu of any other remedies, legal or equitable, available to enforce said provisions.

Appears in 6 contracts

Samples: Restricted Stock Units Agreement (Hawaiian Electric Co Inc), Restricted Stock Units Agreement (Hawaiian Electric Industries Inc), Restricted Stock Units Agreement (Hawaiian Electric Co Inc)

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Protections Against Violations of Agreement. No purported sale, assignment, mortgage, hypothecation, alienation, transfer, pledge, encumbrance, gift, transfer in trust or other disposition of, or creation of a security interest in or lien on, any of the Restricted Stock Units Deferred Shares (or the underlying shares of Common Stock) by any holder thereof in violation of the provisions of this Agreement or the Plan will be valid, and the Company will not transfer any of such Restricted Stock Units Deferred Shares on its books (or issue shares of Common Stock in settlement thereof), nor will any dividends be credited with respect thereto, unless and until there has been full compliance with such provisions to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu of any other remedies, legal or equitable, available to enforce said provisions.

Appears in 1 contract

Samples: Deferred Shares Agreement (Hawaiian Electric Industries Inc)

Protections Against Violations of Agreement. No purported sale, assignment, mortgage, hypothecation, alienation, transfer, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any of the shares of Restricted Stock Units (or the underlying shares of Common Stock) by any holder thereof in violation of the provisions of this Restricted Stock Agreement or the Plan will be valid, and the Company will not transfer any of such shares of Restricted Stock Units on its books (or issue nor will any of such shares of Common Stock in settlement thereof)be entitled to vote, nor will any dividends be credited with respect theretopaid thereon, unless and until there has been full compliance with such provisions to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu of any other remedies, legal or equitable, available to enforce said provisions.

Appears in 1 contract

Samples: Restricted Stock Agreement (Hawaiian Electric Co Inc)

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Protections Against Violations of Agreement. No purported sale, assignment, mortgage, hypothecation, alienation, transfer, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any of the Restricted Stock Units (or underlying the underlying shares of Common Stock) Award by any holder thereof in violation of the provisions of this Agreement the Award Agreement, the Plan or the Plan Articles of Incorporation or the Bylaws of the Company, will be valid, and the Company will not transfer any of such Restricted Stock Units on its books (or issue shares of Common nor will any such Stock in settlement thereof)be entitled to vote, nor will any dividends be credited with respect theretopaid thereon, unless and until there has been full compliance with such provisions to the satisfaction of the Company. The foregoing restrictions are in addition to and not in lieu of any other remedies, legal or equitable, available to enforce said provisions.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Kinetic Concepts Inc /Tx/)

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