Common use of No Transfer Clause in Contracts

No Transfer. The RSUs and any interest therein: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s continuous employment with the Company or any of its affiliates shall terminate for any reason (except as otherwise provided in the Plan or herein), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 8 contracts

Samples: Employee Restricted Stock Unit Agreement, Executive Employment Agreement (Verisign Inc/Ca), Employee Restricted Stock Unit Agreement (Verisign Inc/Ca)

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No Transfer. The RSUs and any interest therein: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s continuous employment with the Company or any of its affiliates shall terminate for any reason (except as otherwise provided in the Plan or hereinSection 9 below), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 3 contracts

Samples: Performance Based Restricted Stock Unit Agreement (Verisign Inc/Ca), Performance Based Restricted Stock Unit Agreement (Verisign Inc/Ca), Performance Based Restricted Stock Unit Agreement (Verisign Inc/Ca)

No Transfer. The RSUs and any interest therein: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s continuous employment with the Company or any of its affiliates shall terminate for any reason (except as otherwise provided in the Plan or hereinSection 8 below), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 3 contracts

Samples: Performance Based Restricted Stock Unit Agreement (Verisign Inc/Ca), Performance Based Restricted Stock Unit Agreement (Verisign Inc/Ca), Performance Based Restricted Stock Unit Agreement (Verisign Inc/Ca)

No Transfer. The RSUs and any interest therein: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s continuous employment service with the Company or any of its affiliates shall terminate for any reason (except as otherwise provided in the Plan or herein), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 2 contracts

Samples: Non Employee Director Restricted Stock Unit Agreement (Verisign Inc/Ca), Non Employee Director Restricted Stock Unit Agreement (Verisign Inc/Ca)

No Transfer. The RSUs and any interest therein: therein (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s continuous employment with the Company or any of its affiliates shall terminate for any reason (except as otherwise provided in the Plan or hereinSection 5 below), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 2 contracts

Samples: Employee Restricted Stock Unit Agreement (Verisign Inc/Ca), Employee Restricted Stock Unit Agreement (Verisign Inc/Ca)

No Transfer. The RSUs and any interest therein: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s 's continuous employment with the Company or any of its affiliates shall terminate for any reason (except as otherwise provided in the Plan or herein), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Steel Excel Inc.), Restricted Stock Unit Agreement (Adaptec Inc)

No Transfer. The RSUs and any interest therein: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s continuous employment with the Company or any of its affiliates Parent or Subsidiary shall terminate for any reason (except as otherwise provided in the Plan or herein), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Diamond Foods Inc)

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No Transfer. The RSUs and any interest therein: (i) therein shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s continuous employment with the Company or any of its affiliates shall terminate for any reason (except as otherwise provided in the Plan or hereinupon the death of the Participant), and any attempt to effect such shall be void ab initio and shall cause such RSUs to be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Data Domain, Inc.)

No Transfer. The RSUs and any interest therein: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s 's continuous employment service with the Company or any of its affiliates shall terminate for any reason (except as otherwise provided in the Plan or herein), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 1 contract

Samples: Non Employee Director Restricted Stock Unit Agreement (Verisign Inc/Ca)

No Transfer. The RSUs and any interest therein: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, and (ii) shall, if the Participant’s continuous employment or service with the Company or any of its affiliates Parent or Subsidiary shall terminate for any reason (except as otherwise provided in the Plan or herein), be forfeited to the Company forthwith, and all the rights of the Participant to such RSUs shall immediately terminate.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Diamond Foods Inc)

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