Common use of Non-Transferability of Restricted Stock Clause in Contracts

Non-Transferability of Restricted Stock. Except as expressly provided in Section 3 hereof, prior to the applicable Vesting Dates, none of the then unvested shares of the Restricted Stock (nor any interest therein) may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, shall not be assignable by operation of law and shall not be subject to execution, attachment or similar process. Any attempted sale, assignment, transfer, pledge, hypothecation or other disposition of any unvested shares of the Restricted Stock contrary to the provisions hereof shall be null and void and without effect.

Non-Transferability of Restricted Stock. Except as expressly provided in Section Paragraph 3 hereof, prior to the applicable Vesting Dates, none of the then no unvested shares of the Restricted Stock (nor any interest therein) may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, shall not be assignable by operation of law and shall not be subject to execution, attachment or similar process. Any attempted sale, assignment, transfer, pledge, hypothecation or other disposition of any unvested shares of the Restricted Stock contrary to the provisions hereof shall be null and void and without effect.

Non-Transferability of Restricted Stock. Except as expressly provided in Section 3 hereof, prior to the applicable Vesting Datesvesting date, none of the then unvested shares of the Restricted Stock (nor any interest therein) may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, shall not be assignable by operation of law and shall not be subject to execution, attachment attachment, or similar process. Any attempted sale, assignment, transfer, pledge, hypothecation or other disposition of any unvested shares of the Restricted Stock contrary to the provisions hereof shall be null and void and without effect. The Grantee agrees to the Company and the transfer agent imposing stop transfer restrictions to enforce this Section 4.