Invalid Transfer definition

Invalid Transfer is defined in Section 5. "Not For Cause" means the termination of the employment of Optionee at the option of the Company at any time for any reason other than on account of death of the Optionee, Permanent Disability, for Cause, or in connection with a change of Control of the Company after which change of Control the Company is no longer an Affiliate of NV.
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Invalid Transfer is defined in Section 5.
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Invalid Transfer shall have the meaning set forth in Section 4.4(h).
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Examples of Invalid Transfer in a sentence

  • Any actual or attempted assignment, transfer, pledge, hypothecation, execution, attachment or similar process of the Option or SAR (except as aforesaid) ("Invalid Transfer") shall vest no rights whatsoever in any purported assignee, transferee, pledgee or any other purported beneficiary of the Invalid Transfer other than the Optionee.

  • An Invalid Transfer shall be void in the hands of any Person other than the Optionee, and neither NV nor the Company shall have any obligation (including, but not limited to, the obligation to issue or transfer shares or make any distributions) to any Person other than Optionee (except to a permitted transferee under the first sentence of this Section) with respect to the Option or SAR.

  • Any shares of the Stock held by a Stockholder at date of death may be transferred, except to the extent the transfer would result in an Invalid Transfer.

  • An Invalid Transfer shall be void in the hands of any Person other than the Optionee, and neither the Company nor its Subsidiary shall have any obligation (including, but not limited to, the obligation to issue or transfer shares or make any distributions) to any Person other than Optionee (except to a permitted transferee under the first sentence of this Section) with respect to the Option or SAR.

  • An Invalid Transfer shall be void in the hands of any Person other than the Optionee, and NV shall have no obligation (including, but not limited to, the obligation to issue or transfer shares or make any distributions) to any Person other than Optionee (except to a permitted transferee under the first sentence of this Section) with respect to the Option or SAR.

  • In connection with any Invalid Transfer, the Corporation may hold and refuse to transfer any Common Stock or any certificate therefor tendered to it for transfer, in addition to and without prejudice to any and all other rights or remedies which may be available to it or the Parties.

  • Any actual or attempted assignment, transfer, pledge, hypothecation, execution, attachment or similar process of the Option or SAR (except as aforesaid) (“Invalid Transfer”) shall vest no rights whatsoever in any purported assignee, transferee, pledgee or any other purported beneficiary of the Invalid Transfer other than the Optionee.

  • Any Transfer or attempted Transfer in breach of ----------------- this Agreement ("Invalid Transfer") shall be void and of no effect; provided that the Corporation may determine to treat any Invalid Transfer as an involuntary Transfer pursuant to Section 4.3(e)(iv).

Related to Invalid Transfer

  • void means invalid with no result.

  • Invalid means one who is physically or mentally incapacitated from earning a livelihood.

  • Illegality Event means that:

  • Permitted Transfer has the meaning set forth in Section 10.02.

  • Non-Permitted Transferee A Person other than a Permitted Transferee.

  • Permitted Transfers has the meaning set forth in Section 4.2.17(d).

  • Illegality Notice has the meaning specified in Section 3.02.

  • Voidable Transfer has the meaning set forth in Section 17.7.

  • Transfer of Control means, with respect to an eNote, a MERS eRegistry transfer transaction used to request a change to the current Controller of such eNote.

  • Excluded Transfer means any transfer of VMTP Shares (1) to a tender option bond trust in which the Purchaser and/or its Affiliates collectively own all of the residual interests, (2) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any tender option bond trust in which the Purchaser and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase financing transaction or (4) relating to a collateral pledge arrangement.

  • Transfer Event means (i) a transfer of the ownership of a project, (ii) the sale or assignment of a partnership interest in a project owner and/or (iii) the refinancing of secured debt on a project. The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which reserves remain with the project and the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction

  • Shareholder-Initiated Transfer Redemption means a transaction that is initiated or directed by a Shareholder that results in a transfer of assets within a Contract out of a Fund, but does not include transactions that are executed: (i) automatically pursuant to a contractual or systematic program or enrollments such as transfers of assets within a Contract out of a Fund as a result of annuity payouts, loans, systematic withdrawal programs, insurance company approved asset allocation programs and automatic rebalancing programs; (ii) as a result of any deduction of charges or fees under a Contract; (iii) within a Contract out of a Fund as a result of scheduled withdrawals or surrenders from a Contract; or (iv) as a result of payment of a death benefit from a Contract.

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • RMB Non-Transferability means the occurrence of any event that makes it impossible for the Issuer to deliver RMB between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong (including where the RMB clearing and settlement system for participating banks in Hong Kong is disrupted or suspended), other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date of the first Tranche of the relevant Series and it is impossible for the Issuer due to an event beyond its control, to comply with such law, rule or regulation);

  • Non-Permitted Holder The meaning specified in Section 2.11(b).

  • Post-Event Transferee shall have the meaning set forth in Section 7(e) hereof.

  • Non-Transfer Event means any event or other changes in circumstances other than a purported Transfer, including, without limitation, any change in the value of any Shares.

  • Illegal drug means a controlled substance; but does not include a controlled substance that is legally possessed or used under the supervision of a licensed health-care professional or that is legally possessed or used under any other authority under that Act or under any other provision of Federal law.

  • Illegal drugs means a controlled substance except for those legally possessed or used under the supervision of a licensed health-care professional or that is legally possessed or used under any other authority under the Controlled Substances Act or any other federal law.

  • Members Agreement means the members’ agreement among the Exchange and each Person who, from time to time, is accepted as and becomes a member of the Exchange under the Exchange requirements.