Common use of Restrictions on Transfer of Restricted Shares Clause in Contracts

Restrictions on Transfer of Restricted Shares. Employee shall effect no disposition of Restricted Shares prior to the date that an unrestricted certificate for Vested Restricted Shares in his name is delivered to him by the Committee; provided, however, that this provision shall not preclude a transfer by will or the laws of descent and distribution in the event of the death of the Employee.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Tyson Foods Inc), Restricted Stock Agreement (Tyson Foods Inc), Restricted Stock Agreement (Tyson Foods Inc)

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Restrictions on Transfer of Restricted Shares. Employee shall effect no disposition of Restricted Shares prior to the date that an unrestricted certificate for Vested Restricted Shares in his name is delivered to him by the Committee; provided, however, that 126 this provision shall not preclude a transfer by will or the laws of descent and distribution in the event of the death of the Employee.

Appears in 1 contract

Samples: Restricted Stock Agreement (Tyson Foods Inc)

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