Common use of Not Transferable Clause in Contracts

Not Transferable. You may not sell, transfer, assign, pledge, or otherwise encumber or dispose of the shares of Restricted Stock. If you transfer or attempt to transfer shares contrary to the terms of this Agreement, Intrepid will have the right to acquire the shares for its own account, without any payment to you or the transferee. In addition to any other legal or equitable remedies it may have, Intrepid may enforce its rights to specific performance to the extent permitted by law and may exercise any other equitable remedies then available. Intrepid may refuse to recognize any transferee who receives shares contrary to the provisions of this Agreement as a stockholder of Intrepid, and Intrepid may retain and recover all dividends on the shares that were paid or payable after the date on which the prohibited transfer was made or attempted.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Intrepid Potash, Inc.), Equity Incentive Plan (Intrepid Potash, Inc.), Equity Incentive Plan Restricted Stock Agreement (Intrepid Potash, Inc.)

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