Common use of PSUs Not Transferable Clause in Contracts

PSUs Not Transferable. The Participant understand that the PSUs are not assignable or transferable, in whole or in part, and they may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise).

Appears in 3 contracts

Samples: Performance Share Unit Agreement (Tribune Media Co), Performance Share Unit Agreement (Chicagoland Television News, LLC), Form of Performance Share Unit Agreement (Tribune Media Co)

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PSUs Not Transferable. The Participant understand understands that neither the PSUs nor Dividend Equivalents are not assignable or transferable, in whole or in part, and they may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise).

Appears in 1 contract

Samples: Performance Share Unit Agreement (Tribune Media Co)

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PSUs Not Transferable. The Participant understand that neither the PSUs nor Dividend Equivalents are not assignable or transferable, in whole or in part, and they may not, directly or indirectly, be offered, transferred, sold, pledged, assigned, alienated, hypothecated or otherwise disposed of or encumbered (including, but not limited to, by gift, operation of law or otherwise).

Appears in 1 contract

Samples: Form of Performance Share Unit Agreement (Tribune Media Co)

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