Nontransferability of RSUs. RSUs may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) or be subject to execution, attachment or similar process. Any such attempted sale, transfer, assignment, pledge, hypothecation or encumbrance, or other disposition of any such RSUs shall be null and void.
Appears in 12 contracts
Samples: Restricted Stock Unit Award Agreement (Legg Mason, Inc.), Restricted Stock Unit Award Agreement (Legg Mason, Inc.), Restricted Stock Unit Award Agreement (Legg Mason, Inc.)
