Common use of Other Transfer Restrictions Clause in Contracts

Other Transfer Restrictions. No portion of the Plan Shares or Rights granted hereunder may be sold transferred, assigned, pledged or otherwise encumbered or disposed of by Participant until such portion of the Plan Shares become fully vested in accordance with paragraph 5 of this Agreement.

Appears in 6 contracts

Samples: Restricted Stock Grant Agreement (BNC Bancorp), Restricted Stock Grant Agreement (BNC Bancorp), Restricted Stock Grant Agreement (BNC Bancorp)

AutoNDA by SimpleDocs

Other Transfer Restrictions. No portion of the Plan Shares or Rights rights granted hereunder may be sold sold, transferred, assigned, pledged or otherwise encumbered or disposed of by Participant until such portion of the Plan Shares become fully vested in accordance with paragraph Section 5 of this Agreement. Notwithstanding the above, Plan Shares may be transferred to satisfy tax obligations pursuant to Section 10 hereof.

Appears in 2 contracts

Samples: Restricted Stock Grant Agreement (BNC Bancorp), Restricted Stock Grant Agreement (BNC Bancorp)

Other Transfer Restrictions. No portion of the Plan Shares or Rights rights granted hereunder may be sold transferred, assigned, pledged or otherwise encumbered or disposed of by Participant until the occurrence of (c)(i) below: (i) such portion of the Plan Shares become fully vested in accordance with paragraph 5 of this Agreement. Notwithstanding the above, Plan Shares may be transferred to satisfy tax obligations pursuant to Section 10 hereof.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (BNC Bancorp)

Other Transfer Restrictions. No portion of the Plan Shares or Rights rights granted hereunder may be sold sold, transferred, assigned, pledged or otherwise encumbered or disposed of by Participant until the occurrence of (c)(i) below: (i) such portion of the Plan Shares become fully vested in accordance with paragraph 5 of this Agreement. Notwithstanding the above, Plan Shares may be transferred to satisfy tax obligations pursuant to Section 10 hereof.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (BNC Bancorp)

AutoNDA by SimpleDocs

Other Transfer Restrictions. No portion of the Plan --------------------------- Shares or Rights granted hereunder may be sold transferred, assigned, pledged or otherwise encumbered or disposed of by Participant until such portion of the Plan Shares become fully vested in accordance with paragraph 5 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (BNC Bancorp)

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