Common use of Grant is Not Transferable Clause in Contracts

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares and the rights and privileges conferred hereby will not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance Shares. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 31 contracts

Samples: Performance Share Agreement (Polycom Inc), Performance Share Agreement (Polycom Inc), Performance Share Agreement (Polycom Inc)

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Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares Restricted Stock Units and the rights and privileges conferred hereby will not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance SharesRestricted Stock Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 19 contracts

Samples: Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Global Digital Solutions Inc)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this This grant of Performance Shares and the rights and privileges conferred hereby will may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance Shares. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 12 contracts

Samples: Performance Share Unit Agreement (Northwest Pipe Co), Performance Share Unit Agreement (Northwest Pipe Co), Performance Share Unit Agreement (Northwest Pipe Co)

Grant is Not Transferable. Except to the limited extent provided in this Agreementparagraph 7 above, this grant of Performance Shares and the rights and privileges conferred hereby will may not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will may not be subject to sale under execution, attachment or similar process, until the Employee has you have been issued Shares in payment of the Performance Shares. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 8 contracts

Samples: Echelon 2014 (Echelon Corp), Echelon 2014 (Echelon Corp), Share Agreement (Echelon Corp)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this This grant of Performance Shares Restricted Stock Units and the rights and privileges conferred hereby will may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance SharesRestricted Stock Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 8 contracts

Samples: Restricted Stock Unit Agreement (Northwest Pipe Co), Restricted Stock Unit Agreement (Northwest Pipe Co), Restricted Stock Unit Agreement (Northwest Pipe Co)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares and the rights and privileges conferred hereby will shall not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance Shares. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 7 contracts

Samples: Performance Shares Agreement (Applied Materials Inc /De), Performance Shares Agreement (Applied Materials Inc /De), Performance Shares Agreement (Applied Materials Inc /De)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares Restricted Stock Units and the rights and privileges conferred hereby will shall not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance SharesRestricted Stock Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Applied Materials Inc /De), Restricted Stock Unit Agreement (Applied Materials Inc /De), Restricted Stock Unit Agreement (Applied Materials Inc /De)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares Restricted Stock Units and the rights and privileges conferred hereby will not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee Director has been issued Shares in payment of the Performance SharesRestricted Stock Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Polycom Inc)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares Units and the rights and privileges conferred hereby will shall not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance SharesUnits. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 2 contracts

Samples: Performance Units Agreement, Performance Units Agreement (Applied Materials Inc /De)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares Restricted Stock Units and the rights and privileges conferred hereby will shall not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process, until the Employee Grantee has been issued Shares in payment of the Performance SharesRestricted Stock Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Applied Materials Inc /De), Restricted Stock Unit Agreement (Applied Materials Inc /De)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares and the rights and privileges conferred hereby will shall not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process, until the Employee Grantee has been issued Shares in payment of the Performance Shares. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 2 contracts

Samples: Performance Shares Agreement (Applied Materials Inc /De), Performance Shares Agreement (Applied Materials Inc /De)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares and the rights and privileges conferred hereby will may not be soldtransferred, pledged, assigned, hypothecated, transferred assigned or disposed of otherwise hypothecated in any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance Shares. Upon any attempt to selltransfer, pledge, assign, hypothecate, transfer or hypothecate otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will shall become null and void.

Appears in 2 contracts

Samples: Performance Share Agreement (Varian Inc), Performance Share Agreement (Varian Inc)

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Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares Restricted Stock Units and the rights and privileges conferred hereby will not be sold, pledged, assigned, hypothecated, transferred or disposed of in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee Executive has been issued Shares in payment of the Performance SharesRestricted Stock Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 2 contracts

Samples: Fei Co, Fei Co

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares and the rights and privileges conferred hereby will not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee has you have been issued Shares in payment of the Performance Shares. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 2 contracts

Samples: Performance Share Agreement (Pixar \Ca\), Performance Share Agreement (Applied Materials Inc /De)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares and the rights and privileges conferred hereby will not be sold, pledged, assigned, hypothecated, transferred or disposed of in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance Shares. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 2 contracts

Samples: Performance Share Agreement (Polycom Inc), Performance Share Agreement (Polycom Inc)

Grant is Not Transferable. Except to the limited extent provided in this AgreementAgreement or the Plan, this grant of Performance Shares Restricted Stock Units and the rights and privileges conferred hereby will not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process, until the Employee Grantee has been issued Shares in payment of the Performance SharesRestricted Stock Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Brocade Communications Systems Inc)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares Restricted Share Units and the rights and privileges conferred hereby will shall not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process, until the Employee Participant has been issued Shares shares of Company common stock in payment of the Performance SharesRestricted Share Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Clean Diesel Technologies Inc)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares Share Units and the rights and privileges conferred hereby will shall not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares in payment of the Performance SharesShare Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 1 contract

Samples: Share Unit Agreement (Applied Materials Inc /De)

Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Shares Units and the rights and privileges conferred hereby will shall not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and will shall not be subject to sale under execution, attachment or similar process, until the Employee has been issued Shares cash in payment of the Performance SharesUnits. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.

Appears in 1 contract

Samples: Performance Units Agreement (Applied Materials Inc /De)

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