Nontransferability of Shares. Prior to the date on which Shares subject to this Award vest pursuant to Section 3 hereof, such Shares 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 such Shares shall be null and void.
Appears in 4 contracts
Samples: Restricted Stock Award Agreement (Legg Mason Inc), Restricted Stock Award Agreement (Legg Mason Inc), Restricted Stock Agreement (Legg Mason Inc)