Nontransferability of Award. Restricted Stock is not transferable other than by will or the laws of descent and distribution. Any attempted sale, assignment, transfer, pledge, hypothecation or other disposition of, or the levy of execution, attachment or similar process upon, Restricted Stock contrary to the provisions hereof shall be void and ineffective, shall give no right to any purported transferee, any may, at the sole discretion of the Committee, result in forfeiture of the Restricted Stock involved in such attempt.
Appears in 10 contracts
Samples: Restricted Stock Award Agreement (Chesapeake Energy Corp), Restricted Stock Award Agreement (Chesapeake Energy Corp), Restricted Stock Replacement Award Agreement (Seventy Seven Energy Inc.)
Nontransferability of Award. A Restricted Stock Unit is not transferable other than by will or the laws of descent and distribution. Any attempted sale, assignment, transfer, pledge, hypothecation or other disposition of, or the levy of execution, attachment or similar process upon, a Restricted Stock Unit contrary to the provisions hereof shall be void and ineffective, shall give no right to any purported transferee, any and may, at the sole discretion of the Committee, result in forfeiture of the Restricted Stock Unit(s) involved in such attempt.
Appears in 9 contracts
Samples: Restricted Stock Unit Award Agreement (Chesapeake Energy Corp), Employee Restricted Stock Unit Award Agreement (Seventy Seven Energy Inc.), Executive Restricted Stock Unit Award Agreement (Seventy Seven Energy Inc.)
Nontransferability of Award. Restricted Stock is not transferable other than by will or the laws of descent and distribution. Any attempted sale, assignment, transfer, pledge, hypothecation or other disposition of, or the levy of execution, attachment or similar process upon, Restricted Stock contrary to the provisions hereof shall be void and ineffective, shall give no right to any purported transferee, any and may, at the sole discretion of the Committee, result in forfeiture of the Restricted Stock involved in such attempt.
Appears in 5 contracts
Samples: Restricted Stock Award Agreement (Seventy Seven Energy Inc.), Director Restricted Stock Award Agreement (Seventy Seven Energy Inc.), Non Employee Director Restricted Stock Award Agreement (Chesapeake Energy Corp)
