Common use of Restriction on Transferability Clause in Contracts

Restriction on Transferability. Restricted Stock Units may not be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, transfers can be made pursuant to intra-family transfer instruments or to an inter vivos trust.

Appears in 5 contracts

Samples: Restricted Stock Unit Grant Agreement (La Jolla Pharmaceutical Co), Restricted Stock Unit Grant Agreement (La Jolla Pharmaceutical Co), Restricted Stock Unit Grant Agreement (La Jolla Pharmaceutical Co)

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Restriction on Transferability. During the Restricted Period, neither the Restricted Stock Units Units, nor the Shares or any beneficial interest therein, may not be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, transfers distribution can be made pursuant to will, the laws of descent and distribution, intra-family transfer instruments or to an inter vivos trust.

Appears in 4 contracts

Samples: Corporation 2007 Stock Incentive (Lam Research Corp), Restricted Stock Unit Award Agreement (Lam Research Corp), Restricted Stock Unit Award Agreement (Lam Research Corp)

Restriction on Transferability. Until distribution, the Restricted Stock Units may not be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, transfers distribution can be made pursuant to will, the laws of descent and distribution, intra-family transfer instruments or to an inter vivos trust.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Nuvasive Inc), Restricted Stock Unit Grant Agreement (Activcard Corp), Restricted Stock Unit Grant Agreement (Avanir Pharmaceuticals)

Restriction on Transferability. Restricted Stock Units Until distribution, the restricted stock units may not be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, transfers distribution can be made pursuant to will, the laws of descent and distribution, intra-family transfer instruments or to an inter vivos trust.

Appears in 3 contracts

Samples: Restricted Stock Unit Bonus Grant Agreement (Exponent Inc), Restricted Stock Unit Matching Grant Agreement (Exponent Inc), Restricted Stock Unit Director Grant Agreement (Exponent Inc)

Restriction on Transferability. During the Restricted Period, neither the Restricted Stock Units Units, nor the shares or any beneficial interest therein, may not be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, transfers distribution can be made pursuant to a will, the laws of descent and distribution, intra-family transfer instruments or to an inter vivos trust.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Lam Research Corp), Restricted Stock Unit Award Agreement (Lam Research Corp)

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Restriction on Transferability. The Restricted Stock Units may not be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, transfers can be made pursuant to intra-family transfer instruments or to an inter vivos trust.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (ZAGG Inc)

Restriction on Transferability. Until the Restricted Stock Units are vested as provided above, they may not be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, transfers can be made pursuant to intra-family transfer instruments or to an inter vivos trust.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Rent Way Inc)

Restriction on Transferability. Until distribution, the Restricted Stock Units may not be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, transfers can be made pursuant to intra-family transfer instruments or to an inter vivos trust.

Appears in 1 contract

Samples: Incentive Plan Restricted Stock Unit Director Grant Agreement (Avanir Pharmaceuticals, Inc.)

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