Common use of Restriction on Transfer of Units Clause in Contracts

Restriction on Transfer of Units. Director shall not Transfer any of the Units except to the extent permitted by the Committee. For the purposes of this Agreement, the term “Transfer” shall mean any sale, exchange, assignment, gift, encumbrance, lien, transfer by bankruptcy or judicial order, transfer by operation of law and all other types of transfers and dispositions, whether direct or indirect, voluntary or involuntary.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Ventas Inc), Restricted Stock Unit Agreement (Ventas Inc), Restricted Stock Unit Agreement (Ventas Inc)

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Restriction on Transfer of Units. Director Employee shall not Transfer any of the Units except to the extent permitted by the Committee. For the purposes of this Agreement, the term “Transfer” shall mean any sale, exchange, assignment, gift, encumbrance, lien, transfer by bankruptcy or judicial order, transfer transfers by operation of law and all other types of transfers and dispositions, whether direct or indirect, voluntary or involuntary.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Ventas Inc)

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Restriction on Transfer of Units. Director shall not Transfer any of the Units except to the extent permitted by the Committee. For the purposes of this Agreement, the term “Transfer” shall mean any sale, exchange, assignment, gift, encumbrance, lien, transfer by bankruptcy or judicial order, transfer by operation of law and all other types of transfers and dispositions, whether direct or indirect, voluntary or involuntary. 10.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Ventas, Inc.)

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