Common use of Effect of Prohibited Transfer Clause in Contracts

Effect of Prohibited Transfer. Any prohibited transfer of Shares is void and of no effect. Should such a transfer purport to occur, the Company may refuse to carry out the transfer on its books, attempt to set aside the transfer, enforce any undertaking or right under this Agreement or the Plan, and/or exercise any other legal or equitable remedy.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Specialized Health Products International Inc), Restricted Stock Agreement (Specialized Health Products International Inc), Restricted Stock Agreement (Specialized Health Products International Inc)

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Effect of Prohibited Transfer. Any prohibited transfer of Shares is void and in violation of no effectthis Agreement shall be void. Should such a transfer purport The Company shall not be required (i) to occur, the Company may refuse to carry out the transfer on its books, attempt to set aside books any of the transfer, enforce any undertaking or right under Shares which shall have been transferred in violation of this Agreement or (ii) to treat as the Plan, and/or exercise owner of such Shares or pay dividends to any other legal or equitable remedytransferee to whom any such Shares shall have been so transferred.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Bridgeline Digital, Inc.), Restricted Stock Agreement (Bridgeline Digital, Inc.), Restricted Stock Award Agreement (NewStar Financial, Inc.)

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Effect of Prohibited Transfer. Any prohibited transfer of Shares Stock Units is void and of no effect. Should such a transfer purport to occur, the Company may refuse to carry out the transfer on its books, attempt to set aside the transfer, enforce any undertaking or right under this Agreement or the Plan, Plan and/or exercise any other legal or equitable remedy.

Appears in 2 contracts

Samples: Stock Unit Agreement (Specialized Health Products International Inc), Stock Unit Agreement (Specialized Health Products International Inc)

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