Prohibitions Against Transfer. An Award, and the rights and privileges conferred hereby, 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, until vested, except as provided in Section 12(c) of the Plan and the Appendix or Appendices hereto.
Appears in 3 contracts
Samples: Restricted Stock Agreement (Renaissance Learning Inc), Restricted Stock Agreement (Renaissance Learning Inc), Restricted Stock Agreement (Renaissance Learning Inc)
Prohibitions Against Transfer. An Award, and the rights and privileges conferred hereby, 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, until vested, except as provided in Section 12(c) of the Plan and the Appendix or Appendices heretoPlan; provided, however, that Shares distributed in respect of Restricted Stock Units may be transferred in accordance with applicable securities laws.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Renaissance Learning Inc)