Common use of No Sale or Pledge of Restricted Stock Clause in Contracts

No Sale or Pledge of Restricted Stock. Except as otherwise provided herein, Recipient agrees and covenants that during the Restricted Period he or she shall not sell, pledge, encumber or otherwise transfer or dispose of, and shall not permit to be sold, encumbered, attached or otherwise disposed of or transferred in any manner, either voluntarily or by operation of law (all hereinafter collectively referred to as “transfers”), all or any portion of the Restricted Shares or any interest therein except for the Vested Shares which may be transferred in accordance with and subject to the terms of this Section 6.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Consonus Technologies, Inc.), Restricted Stock Agreement (Consonus Technologies, Inc.), Restricted Stock Agreement (Consonus Technologies, Inc.)

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