Common use of Prohibition on Assignment Clause in Contracts

Prohibition on Assignment. Except as otherwise provided in this Award Agreement or the Plan, the Participant may not sell, assign, transfer, pledge or otherwise dispose of or encumber the Restricted Stock Units, or any interest therein, until paid to the Participant in the form of shares of Company common stock, and any purported sale, assignment, transfer, pledge or other disposition or encumbrance in violation of this Award Agreement or the Plan will be void and of no effect.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (First Internet Bancorp), Restricted Stock Unit Award Agreement (First Internet Bancorp), Restricted Stock Unit Award Agreement (First Internet Bancorp)

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Prohibition on Assignment. Except as otherwise provided in this Award Agreement or the Plan, the Participant may not sell, assign, transfer, pledge or otherwise dispose of or encumber the Restricted Deferred Stock Units, or any interest therein, until paid to the Participant in the form of shares of Company common stock, and any purported sale, assignment, transfer, pledge or other disposition or encumbrance in violation of this Award Agreement or the Plan will be void and of no effect.

Appears in 1 contract

Samples: Award Agreement (First Internet Bancorp)

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