Restricted Stock Units Not Transferable. No RSUs or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of Participant or his or her 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 5 shall not prevent transfers by will or by applicable laws of descent and distribution if permitted under the Plan.
Appears in 6 contracts
Samples: Restricted Stock Unit Purchase Agreement (Onto Innovation Inc.), Agreement (Onto Innovation Inc.), Agreement (Rudolph Technologies Inc)
Restricted Stock Units Not Transferable. No RSUs or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of Participant or his or her 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 5 6 shall not prevent transfers by will or by applicable laws of descent and distribution if permitted under the Plan.
Appears in 3 contracts
Samples: Employee Restricted Stock Unit Purchase Agreement (Onto Innovation Inc.), Agreement (Onto Innovation Inc.), Employee Incentive Restricted Stock Unit Purchase Agreement (Onto Innovation Inc.)
Restricted Stock Units Not Transferable. No RSUs or any interest or right therein or part thereof shall be liable for the debts, contracts or engagements of Participant or his or her 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 Director RSU Agreement - Rev. 05/18 5 shall not prevent transfers by will or by applicable laws of descent and distribution if permitted under the Plan.
Appears in 1 contract
Samples: Agreement (Rudolph Technologies Inc)
