Common use of Unvested Shares Clause in Contracts

Unvested Shares. Except for forfeitures of Unvested Shares to the Company as contemplated by Section 5, no Shares, nor any interest therein, may be sold, assigned, pledged or otherwise transferred until such Shares shall have Vested as defined in Section 5.

Appears in 7 contracts

Samples: Employee Restricted Stock Grant Agreement (Technest Holdings Inc), Restricted Stock Grant Agreement (Technest Holdings Inc), Restricted Stock Grant Agreement (Technest Holdings Inc)

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Unvested Shares. Except for forfeitures of Unvested Shares to the Company as contemplated by Section 56, no Shares, nor any interest therein, may be sold, assigned, pledged or otherwise transferred until such Shares shall have Vested as defined in Section 56.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Markland Technologies Inc)

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