Common use of Effect of Prohibited Transfer Clause in Contracts

Effect of Prohibited Transfer. If any transfer of shares is made or attempted by an Optionee other than in accordance with the terms of this Agreement, the Company may refuse for any purpose to recognize any transferee who receives shares and any such transferee shall have no right to claim or retain any dividends on such shares which were paid or become payable subsequent to the date on which the prohibited transfer was made or attempted. In addition to any other legal or equitable rights that it may have, the Company may enforce its rights by specific performance to the extent permitted by law.

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (Build a Bear Workshop Inc), Employee Nonqualified Stock Option Agreement (Build a Bear Workshop Inc), Nonqualified Stock Option Agreement (Build a Bear Workshop Inc)

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Effect of Prohibited Transfer. If any transfer of shares is made or attempted by an Optionee a Participant other than in accordance with the terms of this Plan and the Award Agreement, the Company may refuse for any purpose to recognize any transferee who receives shares and any such transferee shall have no right to claim or retain any dividends on such shares which were paid or become payable subsequent to the date on which the prohibited transfer was made or attempted. In addition to any other legal or equitable rights that it may have, the Company may enforce its rights by specific performance to the extent permitted by law.

Appears in 5 contracts

Samples: Build a Bear Workshop Inc, Build a Bear Workshop Inc, Build a Bear Workshop Inc

Effect of Prohibited Transfer. If any transfer of shares is made or attempted by an Optionee other than in accordance with the terms of this Agreement, the The Company may refuse for any purpose to recognize any transferee who receives shares Shares contrary to the provisions of this Agreement as a stockholder of the Company and any such transferee shall have no right to claim or may retain any and/or recover all dividends on such shares which Restricted Shares that were paid or become payable subsequent to the date on which the prohibited transfer was made or attempted. In addition to any other legal or equitable rights that remedies it may have, the Company may enforce its rights by to specific performance to the extent permitted by lawlaw and may exercise such other equitable remedies then available to it.

Appears in 1 contract

Samples: Restricted Stock Agreement (Tib Financial Corp.)

Effect of Prohibited Transfer. If any transfer of shares is made or attempted by an Optionee other than in accordance with the terms of this Agreement, the Company may refuse for any purpose to recognize any transferee who receives shares and any such transferee shall have no right to claim or retain any dividends on such shares which were paid or become payable subsequent to the date on which the prohibited transfer was made or attempted. In addition to any other legal or equitable rights that it may have, the Company may enforce its rights by specific performance to the extent permitted by law.or

Appears in 1 contract

Samples: Stock Option Agreement (Gulfstream International Group Inc)

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Effect of Prohibited Transfer. If any transfer of shares Shares is made or attempted by an Optionee other than in accordance with to be made contrary to the terms of this Agreement, the Company shall have the right to disregard such transfer and to terminate this award of Shares as a result of such prohibited transfer. In addition to any other legal or equitable remedies it may have, the Company may enforce its rights to specific performance to the extent permitted by law and may exercise such other equitable remedies then available. The Company may refuse for any purpose to recognize any transferee who receives shares and any such transferee shall have no right to claim or retain any dividends on such shares which were paid or become payable subsequent Shares contrary to the date on which provisions of this Agreement as a holder of the prohibited transfer was made or attempted. In addition to any other legal or equitable rights that it may have, the Company may enforce its rights by specific performance to the extent permitted by lawShares.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (LIGHTBRIDGE Corp)

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