Common use of Non-Transferability of Grant Shares Clause in Contracts

Non-Transferability of Grant Shares. The Grant Shares and any other rights of Employee under this Agreement or the SIP are nontransferable and subject to extensive restrictions under Section 1.9 of the SIP and as set forth herein. The Common Stock issuable on the Grant Shares are also subject to restrictions on transfer under Section 1.10 of the SIP and to any and all repurchase or redemption rights of the Company that may be provided under its Certificate of Incorporation and Bylaws, as amended from time to time.

Non-Transferability of Grant Shares. The Unvested Grant Shares and any other rights of Employee under this Agreement or the SIP are nontransferable and subject to extensive restrictions under Section 1.9 of the SIP and as set forth herein. The Common Stock issuable on the Grant Shares are also subject to restrictions on transfer under Section 1.10 of the SIP and to any and all repurchase or redemption rights of the Company that may be provided under its Certificate of Incorporation and Bylaws, as amended from time to time.