Common use of Award Not Transferable Clause in Contracts

Award Not Transferable. The Full Value Shares award may not be transferred other than by will or the applicable laws of descent or distribution or pursuant to a qualified domestic relations order. The Full Value Shares award shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment, execution or levy of any kind. Any attempted assignment, transfer, pledge, or encumbrance of the Full Value Shares award, other than in accordance with its terms, shall be void and of no effect.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Adtalem Global Education Inc.), Restricted Stock Unit Award Agreement (Adtalem Global Education Inc.), Restricted Stock Unit Award Agreement (Adtalem Global Education Inc.)

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Award Not Transferable. The Full Value Shares Share award may not be transferred other than by will or the applicable laws of descent or distribution or pursuant to a qualified domestic relations order. The Full Value Shares Share award shall not otherwise be assigned, transferred, or pledged for any purpose whatsoever and is not subject, in whole or in part, to attachment, execution or levy of any kind. Any attempted assignment, transfer, pledge, or encumbrance of the Full Value Shares Share award, other than in accordance with its terms, shall be void and of no effect.

Appears in 3 contracts

Samples: Full Value Share Award Agreement (Devry Inc), Restricted Stock Unit Agreement (Devry Inc), Full Value Share Award Agreement (Devry Inc)

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