Non-Transferability of Restricted Shares. Unless otherwise provided by the Committee in its discretion, Restricted Shares may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of Restricted Shares in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void.
Non-Transferability of Restricted Shares. Unless otherwise provided by the Committee in its discretion or transferred pursuant to a qualified domestic relations order as defined in the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended, Restricted Shares may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of a Restricted Share in violation of the provisions of this Section 7 and Section 9(a) of the Plan shall be void.
Non-Transferability of Restricted Shares. Restricted Shares which have not vested pursuant to Section 2 above shall not be anticipated, assigned, attached, garnished, optioned, transferred, or made subject to any creditor’s process, whether voluntarily or involuntarily or by the operation of law. Notwithstanding the foregoing, you may at any time designate a beneficiary or enter into a will or any similar arrangement which, in each case, provides for the transfer of vested Restricted Shares upon your death.
Non-Transferability of Restricted Shares. The Restricted Shares may not be transferred in any manner by you during the time period they remain subject to a risk of forfeiture. The terms of this Restricted Stock Agreement shall be binding your executors, administrators, heirs, successors, and assigns. YOU ACKNOWLEDGE AND AGREE THAT THE VESTING OF RESTRICTED SHARES IS EARNED ONLY BY CONTINUING CONSULTANCY OR EMPLOYMENT AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, OR ACQUIRING RESTRICTED SHARES HEREUNDER). YOU FURTHER ACKNOWLEDGE AND AGREE THAT NOTHING IN THIS RESTRICTED STOCK AGREEMENT, SHALL CONFER UPON YOU ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH YOUR RIGHT OR THE COMPANY’S RIGHT TO TERMINATE YOUR EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE.
Non-Transferability of Restricted Shares. Unless otherwise provided by the Administrator in its discretion, Restricted Shares may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of. Any purported sale, assignment, transfer, pledge or other encumbrance or disposition of Restricted Shares in violation of the provisions of this Section 6 or the Plan, including Sections 2.7 and 3.3 thereof, shall be void. This Award Agreement shall be binding upon and inure to the benefit of the parties hereto and the successors and assigns of the Company.
Non-Transferability of Restricted Shares. Until the date the Restricted Shares become vested, the Participant may not assign or otherwise transfer the Restricted Shares except as provided in the Plan. Once the Restricted Shares vest, the Participant may not be able to immediately sell the resulting Shares, however such restriction shall not relieve the Participant of the obligation to pay any required taxes at the time of vesting.
Non-Transferability of Restricted Shares. Except as provided in Section 2(b) of this Agreement, during the Executive's employment by the Company or the Subsidiary the Restricted Shares shall be held only by the Executive or any guardian or legal representative of the Executive, and the Restricted Shares shall not be transferable except, in case of the death of the Executive, by will or the laws of descent and distribution; neither shall the Restricted Shares be subject to attachment, execution or other similar process. Notwithstanding the foregoing, the Executive may, with the prior written consent of the Company, transfer the Restricted Shares to the trustee of any revocable trust established for the benefit of members of his immediate family. Any such transfer shall be subject to the right of the Company or its assignee to repurchase the Restricted Shares pursuant to the provisions of Section 2 of this Agreement. In the event of: (a) any attempt by the Executive to alienate, assign, pledge, hypothecate or otherwise dispose of the Restricted Shares, except as provided herein; or (b) the levy of any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Grant by notice to the Executive, and the Grant shall thereupon become null and void with respect to any non-vested shares.
Non-Transferability of Restricted Shares. The Restricted Shares or any interest therein may not be transferred, assigned, pledged, encumbered or otherwise disposed of in any manner (whether by operation of law or otherwise) until the Restricted Shares have become Vested Shares, or as otherwise provided for in the Plan. The Company shall not be required to (i) transfer on its books any Restricted Shares which have been transferred in violation of any of the provisions of this Agreement or (ii) treat as the owner of such Restricted Shares or to pay dividends to any transferee to whom such Restricted Shares have been transferred in violation of any of the provisions of this Agreement.
Non-Transferability of Restricted Shares. RESTRICTED SHARES may not be transferred, assigned, pledged or hypothecated (whether by operation of law or otherwise) by the PARTICIPANT, except as provided by will or by the applicable laws of descent and distribution, and the RESTRICTED SHARES shall not be subject to execution, attachment or similar process.
Non-Transferability of Restricted Shares. The Restricted Shares are non-transferable and may not be sold, assigned, transferred, disposed of, pledged or otherwise encumbered by the Employee, other than by will or the laws of descent and distribution until such Restricted Shares become non-forfeitable in accordance with the provisions of this Agreement. Any Employee's successor (a "Successor") shall take rights herein granted subject to the terms and conditions hereof. No such transfer of the Restricted Shares to any Successor shall be effective to bind the Company unless the Company shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by such Successor of the terms and conditions hereof.
