Common use of Transfer Prohibited Clause in Contracts

Transfer Prohibited. Executive may not sell, assign, transfer, pledge or otherwise encumber (or make any other Disposition of) any Restricted Equity Units, except upon the death of Executive. Upon any attempted Disposition in violation of this Section 3.2, the Restricted Equity Units shall immediately become null and void.

Appears in 10 contracts

Sources: Management Equity Award Agreement (Travelport LTD), Management Equity Award Agreement (Travelport LTD), Management Equity Award Agreement (Travelport LTD)