Common use of Restricted Stock Not Transferable Clause in Contracts

Restricted Stock Not Transferable. No Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 notwithstanding, with the consent of the Committee, the Shares may be transferred to certain persons or entities related to Participant, including but not limited to members of Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s family or to such other persons or entities as may be expressly approved by the Committee, pursuant to any such conditions and procedures the Committee may require.

Appears in 5 contracts

Samples: Stock Option Agreement (Symmetricom Inc), Restricted Stock Award Agreement (DealerTrack Holdings, Inc.), Restricted Stock Award Agreement (Clarient, Inc)

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Restricted Stock Not Transferable. No Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 notwithstanding, with the consent of the CommitteeAdministrator, the Shares may be transferred to certain persons or entities related to Participant, including but not limited to members of Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s family or to such other persons or entities as may be expressly approved by the CommitteeAdministrator, pursuant to any such conditions and procedures the Committee Administrator may require.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Tilly's, Inc.), Restricted Stock Award Agreement (Tilly's, Inc.), Restricted Stock Award Agreement (Tilly's, Inc.)

Restricted Stock Not Transferable. No Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 3.3 notwithstanding, with the consent of the Committee, the Shares may be transferred to certain persons or entities related to Participant, including but not limited to members of Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s family or to such other persons or entities as may be expressly approved by the Committee, pursuant to any such conditions and procedures the Committee may require.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Electronics for Imaging Inc), Restricted Stock Award Agreement (Electronics for Imaging Inc)

Restricted Stock Not Transferable. No Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 3.3 notwithstanding, with the consent of the CommitteeAdministrator, the Shares may be transferred to certain persons or entities related to Participant, including but not limited to members of Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s family or to such other persons or entities as may be expressly approved by the CommitteeAdministrator, pursuant to any such conditions and procedures the Committee Administrator may require.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Tivo Inc), Restricted Stock Award Agreement (Tivo Inc)

Restricted Stock Not Transferable. No Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 notwithstanding, with the consent of the CommitteeAdministrator, the Shares may be transferred to certain persons or entities related to Participant, including but not limited to members of Participant’s 's family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s 's family or to such other persons or entities as may be expressly approved by the CommitteeAdministrator, pursuant to any such conditions and procedures the Committee Administrator may require.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Kyphon Inc)

Restricted Stock Not Transferable. No Restricted Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 notwithstanding, with the consent of the CommitteeAdministrator, and subject to Section 3.5 above, the Restricted Shares may be transferred to certain persons or entities related to Participant, including including, but not limited to to, members of Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s family or to such other persons or entities as may be expressly approved by the CommitteeAdministrator, pursuant to any such conditions and procedures the Committee Administrator may require.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Tessera Technologies Inc)

Restricted Stock Not Transferable. No Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means means, regardless of whether such disposition be is voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 notwithstanding, with the consent of the CommitteeAdministrator, the Shares may be transferred to certain persons or entities related to Participant, including including, but not limited to to, members of Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s family or to such other persons or entities as may be expressly approved by the CommitteeAdministrator, pursuant to any such conditions and procedures the Committee Administrator may require.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Verso Paper Corp.)

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Restricted Stock Not Transferable. No Shares subject to the Restrictions herein or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 notwithstanding, with the consent of the CommitteeAdministrator, the Shares may be transferred to certain persons or entities related to Participant, including but not limited to certain members of Participant’s 's family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s 's family or to such other persons or entities as may be expressly approved by the CommitteeAdministrator, pursuant to any such conditions and procedures the Committee Administrator may require.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Pharmacyclics Inc)

Restricted Stock Not Transferable. No Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 3.1 notwithstanding, with the consent of the CommitteeAdministrator, the Shares may be transferred to certain persons or entities related to Participant, including but not limited to members of Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s family or to such other persons or entities as may be expressly approved by the CommitteeAdministrator, pursuant to any such conditions and procedures the Committee Administrator may require.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Monmouth Real Estate Investment Corp)

Restricted Stock Not Transferable. No Shares subject to the Restrictions herein or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 notwithstanding, with the consent of the CommitteeAdministrator, the Shares may be transferred to certain persons or entities related to Participant, including but not limited to certain members of Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s family or to such other persons or entities as may be expressly approved by the CommitteeAdministrator, pursuant to any such conditions and procedures the Committee Administrator may require.

Appears in 1 contract

Samples: Restricted Stock Award Agreement

Restricted Stock Not Transferable. No Shares or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3.2 notwithstanding, with the consent of the Committee, the Shares may be transferred to certain persons or entities related to the Participant, including but not limited to members of the Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of the Participant’s family or to such other persons or entities as may be expressly approved by the Committee, pursuant to any such conditions and procedures the Committee may require.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (FTD Group, Inc.)

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