Common use of Nontransferability and Other Limitations Clause in Contracts

Nontransferability and Other Limitations. Except as otherwise permitted under the Plan, until PBRSUs and/or SBRSUs have been settled, you may not transfer the PBRSUs and/or SBRSUs or any rights relating thereto to any third party other than by will or the laws of descent and distribution. Sales of shares of Stock delivered in settlement of PBRSUs and SBRSUs will be subject to any Company policy regulating trading by employees. Additional events could result in forfeiture or loss of the PBRSUs and SBRSUs.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)

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Nontransferability and Other Limitations. Except as otherwise permitted under the Plan, until PBRSUs and/or SBRSUs have been settled, you may not transfer the PBRSUs and/or SBRSUs or any rights relating thereto to any third party other than by will or the laws of descent and distribution. Sales of shares of Stock delivered in settlement of PBRSUs and SBRSUs will be subject to any Company policy regulating trading by employees. Additional events could result in forfeiture or loss of the PBRSUs and SBRSUs. 5.

Appears in 1 contract

Samples: Horace Mann Educators (Horace Mann Educators Corp /De/)

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