Common use of Prohibition Against Transfer Clause in Contracts

Prohibition Against Transfer. Restricted Shares may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) by the Participant, or be subject to execution, attachment or similar process. Notwithstanding the foregoing, Restricted Shares may be transferred as the result of any merger, consolidation, or share exchange involving the Company, in which event the shares received in exchange for the Shares will remain subject to this Award Agreement and treated as “Restricted Shares” hereunder. Any transfer in violation of this Section 2.2 shall be void and of no further effect. After the Restricted Shares vest, they shall continue to be subject to the limitations on transfer contained in the Stockholder Agreement.

Prohibition Against Transfer. Restricted Shares Stock may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) by the Participant, or be subject to execution, attachment or similar process. Notwithstanding the foregoing, Restricted Shares Stock may be transferred as the result of any merger, consolidation, or share exchange involving the Company, in which event the shares received in exchange for the Shares will remain subject to this Award Option Agreement and treated as “Restricted SharesStock” hereunder. Any transfer in violation of this Section 2.2 shall be void and of no further legal effect. After From and after the time when the Restricted Stock vests, such Shares vest, they shall continue to be subject to the limitations on transfer contained in the Stockholder Shareholder Agreement.