Common use of Restriction on Sale or Transfer Clause in Contracts

Restriction on Sale or Transfer. None of the Shares that have not vested in Grantee pursuant to this Agreement (or any beneficial interest therein) may be sold, transferred, assigned, pledged, or encumbered in any way (including transfer by operation of law); and any attempt to make any such sale, transfer, assignment, pledge, or encumbrance shall be null and void and of no effect.

Appears in 9 contracts

Samples: Restricted Stock Award Agreement (CSG Systems International Inc), Restricted Stock Award Agreement (CSG Systems International Inc), Restricted Stock Award Agreement (CSG Systems International Inc)

AutoNDA by SimpleDocs

Restriction on Sale or Transfer. None Except as provided herein, none of the Common Shares that have not vested in Grantee pursuant to this Agreement hereto (or any beneficial interest therein) may shall be sold, transferred, assigned, pledged, assigned or encumbered in any way pledged (including transfer by operation of law); ) and any attempt to make any such sale, transfer, assignment, pledge, assignment or encumbrance pledge shall be null and void and of no effect.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Silver Cinemas International Inc), Stock Purchase Agreement (City Truck Holdings Inc), Stock Purchase Agreement (City Truck Holdings Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!