Common use of Transfer of Restricted Stock Clause in Contracts

Transfer of Restricted Stock. Restricted Stock and any rights under Restricted Stock may not be assigned, pledged as collateral or otherwise transferred, except as permitted by the Plan, nor may Restricted Stock or such rights be subject to attachment, execution or other judicial process until the Restricted Stock becomes vested pursuant to Section 2 above and the corresponding Notice of Grant. In the event of any attempt to assign, pledge or otherwise dispose of Restricted Stock which is not then vested, or any rights under such Restricted Stock, except as permitted by the Plan, or in the event of the levy of any attachment, execution or similar judicial process upon the rights or interests with respect to Restricted Stock which is not then vested, the Committee may in its discretion, upon notice to you, cause you to forfeit such Restricted Stock.

Transfer of Restricted Stock. The Restricted Stock and any rights under Restricted Stock this Agreement may not be assigned, pledged as collateral or otherwise transferred, except as permitted by the Plan, nor may the Restricted Stock or such rights be subject to attachment, execution or other judicial process until the Restricted Stock becomes vested pursuant to Section 2 above and the corresponding Notice of Grantabove. In the event of any attempt to assign, pledge or otherwise dispose of the Restricted Stock which is not then vested, or any rights under such Restricted Stockthis Agreement, except as permitted by the Plan, or in the event of the levy of any attachment, execution or similar judicial process upon the rights or interests with respect to the Restricted Stock which is not then vested, the Committee may in its discretion, upon notice to you, cause you to forfeit such Restricted Stock.