Common use of Restricted Stock Not Transferable Clause in Contracts

Restricted Stock Not Transferable. Neither Restricted Stock, nor your interest in the Restricted Stock, may be sold, conveyed, assigned, transferred, pledged or otherwise disposed of or encumbered at any time prior to vesting applicable to any award of Restricted Stock issued in your name. Any attempted action in violation of this paragraph shall be null, void, and without effect.

Appears in 9 contracts

Samples: Restricted Stock Agreement (Universal Logistics Holdings, Inc.), Restricted Stock Agreement (Universal Truckload Services, Inc.), Restricted Stock Agreement (Universal Truckload Services, Inc.)

AutoNDA by SimpleDocs

Restricted Stock Not Transferable. Neither the Restricted Stock, nor your interest in the Restricted Stock, may be sold, conveyed, assigned, transferred, pledged or otherwise disposed of or encumbered at any time prior to vesting and delivery applicable to any award of Shares underlying your vested Restricted Stock issued in your nameStock. Any attempted action in violation of this paragraph Paragraph shall be null, void, and without effect.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Pacific Health Care Organization Inc), Notification of Award and Terms and Conditions of Award (Wal Mart Stores Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.