Non-Transferability of Restricted Stock. Unvested shares of Restricted Stock may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, such shares shall not be assignable by operation of law and such shares 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 Restricted Stock contrary to the provisions hereof shall be null and void and without effect.
Appears in 7 contracts
Samples: Restricted Stock Agreement (Lojack Corp), Restricted Stock Agreement (Lojack Corp), Restricted Stock Agreement (Lojack Corp)
