Common use of Consequences of Prohibited Transfer Clause in Contracts

Consequences of Prohibited Transfer. Any attempt by a Participant to Transfer Option Shares in violation of the terms of this Paragraph 4 shall be void, and the Company will not effect such a Transfer nor will it treat any alleged transferee as the holder of such Option Shares.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Bluestem Brands, Inc.), Nonqualified Stock Option Agreement (Bluestem Brands, Inc.), Nonqualified Stock Option Agreement (Bluestem Brands, Inc.)

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Consequences of Prohibited Transfer. Any attempt by a Participant to Transfer Option Restricted Shares in violation of the terms of this Paragraph 4 3 shall be void, and the Company will not effect such a Transfer nor will it treat any alleged transferee as the holder of such Option Restricted Shares.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.), Agreement (Bluestem Brands, Inc.)

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