Nontransferability of Units. Prior to the issuance of shares of Stock on the applicable Settlement Date, neither this Agreement nor any Units subject to this Agreement shall be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Grantee or the Grantee’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to this Agreement shall be exercisable during the Grantee’s lifetime only by the Grantee or the Grantee’s guardian or legal representative.
Appears in 8 contracts
Samples: Restricted Stock Units Agreement (NuGene International, Inc.), Restricted Stock Units Agreement (NuGene International, Inc.), Restricted Stock Units Agreement (Pure Bioscience, Inc.)
