Common use of Violation Clause in Contracts

Violation. Except as provided in Section 5, any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of the Award or these Terms and Conditions and shall be void and without effect.

Appears in 12 contracts

Samples: Incentive Stock Option Award (National Commerce Corp), Nonqualified Stock Option Award (Park Sterling Corp), Incentive Stock Option Award (National Commerce Corp)

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Violation. Except as provided in Section 5, any transfer, pledge, sale, assignment, or hypothecation of the Option Award or any portion thereof shall be a violation of the terms of the this Award or these Terms and Conditions and shall be void and without effect.

Appears in 9 contracts

Samples: Restricted Share Award (SmartStop Self Storage REIT, Inc.), Restricted Share Award (SmartStop Self Storage REIT, Inc.), Restricted Share Award (SmartStop Self Storage REIT, Inc.)

Violation. Except as provided in Section 54, any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of the this Award or these Terms and Conditions and shall be void and without effect.

Appears in 3 contracts

Samples: Nonqualified Stock Option Award (Richardson Electronics LTD/De), Award (Richardson Electronics LTD/De), Award (Richardson Electronics LTD/De)

Violation. Except as provided in Section 56, any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of the Award or these Terms and Conditions and shall be void and without effect.

Appears in 2 contracts

Samples: Nonqualified Stock Option Award (CCF Holding Co), Incentive Stock Option Award (CCF Holding Co)

Violation. Except as provided in Section 54, any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of the this Award or and these Terms and Conditions and shall be void and without effect.

Appears in 1 contract

Samples: Non Qualified Stock Option Award (Health Discovery Corp)

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Violation. Except as provided in Section 5, any transfer, pledge, --------- sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of the Award or these Terms and Conditions and shall be void and without effect.

Appears in 1 contract

Samples: Non Qualified Stock Option Award (Southeastern Bank Financial CORP)

Violation. Except as provided in Section 54, any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of the Award or these Terms and Conditions and shall be void and without effect.

Appears in 1 contract

Samples: Nonqualified Stock Option Award (Global Aviation Holdings Inc.)

Violation. Except as provided in Section 5, any transfer, pledge, sale, assignment, or hypothecation of the Option Award or any portion thereof shall be a violation of the terms of the this Award or these Terms and Conditions and shall be void and without effect. 15.

Appears in 1 contract

Samples: Restricted Share Award Agreement (Griffin Capital Essential Asset REIT, Inc.)

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