Common use of Nontransferability of RSUs Clause in Contracts

Nontransferability of RSUs. The RSUs may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution.

Appears in 4 contracts

Samples: Restricted Stock Unit Grant Notice (SS&C Technologies Holdings Inc), Restricted Stock Unit Grant Notice (SS&C Technologies Holdings Inc), Restricted Stock Unit Award Agreement (SS&C Technologies Holdings Inc)

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Nontransferability of RSUs. The RSUs may not be sold, assigned, transferred, pledged or otherwise encumbered by the ParticipantRecipient, either voluntarily or by operation of law, except by will or the laws of descent and distributiondistribution or pursuant to a qualified domestic relations order.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Avid Technology Inc)

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