Common use of Limits on Transferability Clause in Contracts

Limits on Transferability. The Restricted Stock Units granted under this Agreement may be transferred to a trust in which the Participant or the Participant’s spouse control the management of assets. With respect to Restricted Stock Units, if any, that have been transferred to a trust, references in this Agreement to vesting related to such Restricted Stock Units shall be deemed to include such trust. No interest of the Participant under the Plan may be subject to attachment, execution, garnishment, sequestration, the laws of bankruptcy or any other legal or equitable process.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (MGM Resorts International), Mirage Restricted Stock Units Agreement (MGM Mirage), Mirage Restricted Stock Units Agreement (MGM Mirage)

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Limits on Transferability. The Restricted Stock Units granted under this Agreement may be transferred solely to a trust in which the Participant or the Participant’s spouse control the management of the assets. With respect to Restricted Stock Units, if any, that have been transferred to a trust, references in this Agreement to vesting related to such Any transfer of Restricted Stock Units shall be deemed subject to include such trustthe terms and conditions of the Plan and this Agreement and the transferee shall be subject to the same terms and conditions as if it were the Participant. No interest of the Participant under the Plan may this Agreement shall be subject to attachment, execution, garnishment, sequestration, the laws of bankruptcy or any other legal or equitable process.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (MGM Resorts International), Stock Units Agreement (MGM Resorts International)

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Limits on Transferability. The Restricted Stock Share Units granted under this Agreement may be transferred solely to a trust in which the Participant or the Participant’s spouse control the management of the assets. With respect to Any transfer of Restricted Stock Units, if any, that have been transferred to a trust, references in this Agreement to vesting related to such Restricted Stock Share Units shall be deemed subject to include such trustthe terms and conditions of the Plan and this Agreement and the transferee shall be subject to the same terms and conditions as if it were the Participant. No interest of the Participant under the Plan may this Agreement shall be subject to attachment, execution, garnishment, sequestration, the laws of bankruptcy or any other legal or equitable process.

Appears in 2 contracts

Samples: Share Units Agreement (MGM Growth Properties Operating Partnership LP), Share Units Agreement (MGM Growth Properties Operating Partnership LP)

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