Common use of Restriction on Transferability Clause in Contracts

Restriction on Transferability. Prior to vesting and delivery of the Shares, neither the mPRSUs, nor the Shares or any beneficial interest therein, may be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, distribution can be made pursuant to will, the laws of descent and distribution, and if provided by the Administrator, intra-family transfer instruments, or to an inter vivos trust, or as otherwise provided by the Administrator. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant.

Appears in 18 contracts

Samples: Restricted Stock Unit Award Agreement (Lam Research Corp), Restricted Stock Unit Award Agreement (Lam Research Corp), Restricted Stock Unit Award Agreement (Lam Research Corp)

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Restriction on Transferability. Prior to vesting exercise and delivery of the Shares, neither the mPRSUsOptions, nor the Shares or any beneficial interest therein, may be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, distribution can be made pursuant to will, the laws of descent and distribution, and if provided by the Administrator, intra-family transfer instruments, or to an inter vivos trust, or as otherwise provided by the Administrator. The terms of this Agreement shall be binding upon the executorsexecutives, administrators, heirs, successors and assigns of the ParticipantOptionee.

Appears in 12 contracts

Samples: Award Agreement, www.sec.gov, Nonstatutory Stock Option Award Agreement (Lam Research Corp)

Restriction on Transferability. Prior to vesting and delivery of the Shares, neither the mPRSUsRSUs, nor the Shares or any beneficial interest therein, may be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, distribution can be made pursuant to will, the laws of descent and distribution, and if provided by the Administrator, intra-family transfer instruments, or to an inter vivos trust, or as otherwise provided by the Administrator. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant.

Appears in 12 contracts

Samples: Restricted Stock Unit Award Agreement (Lam Research Corp), Restricted Stock Unit Award Agreement (Lam Research Corp), Restricted Stock Unit Award Agreement (Lam Research Corp)

Restriction on Transferability. Prior to vesting exercise and delivery of the Shares, neither the mPRSUsOptions, nor the Shares or any beneficial interest therein, may be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the Version 2 provisions hereof shall be null and void. Notwithstanding the above, distribution can be made pursuant to will, the laws of descent and distribution, and if provided by the Administrator, intra-family transfer instruments, or to an inter vivos trust, or as otherwise provided by the Administrator. The terms of this Agreement shall be binding upon the executorsexecutives, administrators, heirs, successors and assigns of the ParticipantOptionee.

Appears in 1 contract

Samples: Nonstatutory Stock Option Award Agreement (Lam Research Corp)

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Restriction on Transferability. Prior to vesting and delivery of the Shares, neither the mPRSUsRestricted Stock Units, nor the Shares or any beneficial interest therein, may be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, distribution can be made pursuant to will, the laws of descent and distribution, and if provided by the Administrator, intra-family transfer instruments, or to an inter vivos trust, or as otherwise provided by the Administrator. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant.

Appears in 1 contract

Samples: 2011 Stock Incentive (Lam Research Corp)

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