Common use of Nontransferability of Award Clause in Contracts

Nontransferability of Award. The Participant shall not have the right to sell, assign, transfer, convey, dispose, pledge, hypothecate, burden, encumber or charge any shares of Restricted Stock or any interest therein in any manner whatsoever.

Appears in 12 contracts

Samples: Restricted Stock Award Agreement (MHI Hospitality CORP), Restricted Stock Award Agreement (Fleming Companies Inc /Ok/), Restricted Stock Award Agreement (Fleming Companies Inc /Ok/)

AutoNDA by SimpleDocs

Nontransferability of Award. The Participant shall not have the right to sell, assign, transfer, convey, dispose, pledge, hypothecate, burden, encumber or charge any shares of Restricted Stock or any interest therein in any manner whatsoever. Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Restricted Stock contrary to the provisions hereof shall be null and void and without effect.

Appears in 5 contracts

Samples: Restricted Stock Replacement Award Agreement (Seventy Seven Energy Inc.), Restricted Stock Award Agreement (Chesapeake Energy Corp), Restricted Stock Award Agreement (Chesapeake Energy Corp)

Nontransferability of Award. The Participant shall not have the right to sell, assign, transfer, convey, dispose, pledge, hypothecate, burden, encumber or charge the Award or any shares of Restricted Stock or any interest therein in any manner whatsoever.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Devon Energy Corp/De), Restricted Stock Award Agreement (Devon Energy Corp/De), Restricted Stock Award Agreement (Devon Energy Corp/De)

Nontransferability of Award. The Participant shall not have the right to sell, assign, transfer, convey, dispose, pledge, hypothecate, burden, encumber or charge any shares of Restricted Stock or any interest therein in any manner whatsoever.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Devon Energy Corp/De)

AutoNDA by SimpleDocs

Nontransferability of Award. The Participant shall not have the right to sell, assign, transfer, convey, dispose, pledge, hypothecate, burden, encumber or charge any shares of Restricted Stock Shares subject to this Award or any interest therein in any manner whatsoever. Any attempted assignment, transfer, pledge, hypothecation or other disposition of Shares subject to this Award contrary to the provisions hereof shall be null and void and without effect.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sandridge Energy Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!