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 RSUs or PSUs, except upon the death of Executive. Upon any attempted Disposition in violation of this Section 3.3, the RSUs and/or PSUs shall immediately become null and void. In addition, as set forth in Section 3.5 of this Agreement, each Share delivered pursuant to this Agreement is subject to the Plan.

Transfer Prohibited. Executive may not sell, assign, transfer, pledge or otherwise encumber (or make any other Disposition of) any RSUs RSUs, PSUs or PSUsOptions, except upon the death of Executive. Upon any attempted Disposition in violation of this Section 3.33.7, the RSUs RSUs, PSUs and/or PSUs Options shall immediately become null and void. In addition, as set forth in Section 3.5 3.9 of this Agreement, each Share delivered pursuant to this Agreement is subject to the Plan.