Common use of Restricted Stock Not Transferable Clause in Contracts

Restricted Stock Not Transferable. No Restricted Stock or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Holder 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.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Town Sports International Holdings Inc), Restricted Stock Agreement (WebMD Health Corp.), Restricted Stock Agreement (WebMD Health Corp.)

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Restricted Stock Not Transferable. No Restricted Stock Shares that are subject to the Restrictions or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Holder 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.

Appears in 3 contracts

Samples: Employment Agreement (Guidance Software, Inc.), Restricted Stock Agreement (Guidance Software, Inc.), Restricted Stock Agreement (Guidance Software, Inc.)

Restricted Stock Not Transferable. No Restricted Stock or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Holder or his Holder’s 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.

Appears in 2 contracts

Samples: Restricted Stock Agreement (WebMD Health Corp.), Restricted Stock Agreement (WebMD Health Corp.)

Restricted Stock Not Transferable. No Except as provided by the Lock-Up Agreement and this Agreement, no Restricted Stock or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Holder Recipient 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.

Appears in 1 contract

Samples: Restricted Stock Agreement (Churchill Ventures LTD)

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Restricted Stock Not Transferable. No shares of Restricted Stock that are subject to the Restrictions or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Holder or his the Holder’s 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.

Appears in 1 contract

Samples: Performance Vesting Restricted Stock Agreement (Guidance Software, Inc.)

Restricted Stock Not Transferable. No share of Restricted Stock or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of the Holder 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)) until such time as the share of Restricted Stock has vested, and any attempted disposition thereof shall be null and void and of no effect.

Appears in 1 contract

Samples: Restricted Stock Agreement (Lev Pharmaceuticals Inc)

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