Common use of Pledge, Sale Assignment, Etc Clause in Contracts

Pledge, Sale Assignment, Etc. Holder shall not permit the Restricted Stock to be subject to anticipation, alienation, sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance or charge and any attempt to anticipate, alienate, sell, assign, hypothecate, pledge, exchange, transfer, encumber or charge shall be deemed void by the Company, and the Committee may, at its sole discretion cause the Restricted Stock to be forfeited upon such event. No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities or torts of the Holder.

Appears in 9 contracts

Samples: Restricted Stock Award Agreement (BRT Apartments Corp.), Restricted Stock Award Agreement (One Liberty Properties Inc), Restricted Stock Award Agreement (One Liberty Properties Inc)

AutoNDA by SimpleDocs

Pledge, Sale Assignment, Etc. Holder shall not permit the Restricted Stock Shares to be subject to anticipation, alienation, sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance or charge and any attempt to anticipate, alienate, sell, assign, hypothecate, pledge, exchange, transfer, encumber or charge shall be deemed void by the CompanyTrust, and the Committee may, at its sole discretion cause the Restricted Stock Shares to be forfeited upon such event. No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities or torts of the Holder.

Appears in 3 contracts

Samples: Restricted Shares Agreement (BRT Realty Trust), Restricted Shares Agreement (BRT Realty Trust), Restricted Shares Agreement (BRT Realty Trust)

AutoNDA by SimpleDocs

Pledge, Sale Assignment, Etc. Holder shall not permit the Restricted Stock to be subject to anticipation, alienation, sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance or charge and any attempt to anticipate, alienate, sell, assign, hypothecate, pledge, exchange, transfer, encumber or charge shall be deemed void by the Company, and the Committee may, at its sole discretion cause the Restricted Stock to be forfeited upon such event. No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities or torts of the Holder. 9.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement Restricted Stock Award Agreement (BRT Apartments Corp.), Restricted Stock Awards Agreement Restricted Stock Awards Agreement (BRT Apartments Corp.)

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