Award is Not Transferable. Except to the limited extent provided in Section 6 above, this Award of PSUs and the rights and privileges conferred hereby may not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and may not be subject to sale under execution, attachment or similar process until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.
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Samples: Performance Stock Unit Agreement (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.)
Award is Not Transferable. Except to the limited extent provided in Section 6 5 above, this Award of PSUs and the rights and privileges conferred hereby may not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and may not be subject to sale under execution, attachment or similar process until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.
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Award is Not Transferable. Except to the limited extent provided in Section 6 5 above, this Award of PSUs and the rights and privileges conferred hereby may will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and may will not be subject to sale under execution, attachment or similar process process, until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees. v. 08-14-13 Form of PSU Agreement
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Award is Not Transferable. Except to the limited extent provided in Section 6 above, this Award of PSUs and the rights and privileges conferred hereby may not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and may not be subject to sale under execution, attachment or similar process until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.. December 2020 Exhibit 10.15 Form of PSU Agreement
Appears in 1 contract
Samples: Stock Unit Agreement (Vmware, Inc.)
Award is Not Transferable. Except to the limited extent provided in Section 6 5 above, this Award of PSUs and the rights and privileges conferred hereby may will not be transferred, assigned, pledged or hypothecated in any way by the Participant (whether by operation of law or otherwise) and may will not be subject to sale under execution, attachment or similar process process, until the Participant has been issued the Stock. Upon any attempt by the Participant to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.. The terms of this Agreement will be binding upon the Participant’s executors, administrators, heirs, successors and any permitted transferees. PSU Agreement
Appears in 1 contract
Samples: Psu Agreement (Vmware, Inc.)