Common use of Restrictions and Risk of Forfeiture Clause in Contracts

Restrictions and Risk of Forfeiture. During the applicable restricted periods specified in section 4 of this Agreement, (a) the units under restriction may not be sold, assigned, transferred, pledged, or otherwise disposed of or encumbered, and any attempt to do so will be null and void; and (b) the units under restriction may be forfeited as provided in section 6.

Appears in 9 contracts

Samples: Restricted Stock Unit Agreement (Exxon Mobil Corp), Restricted Stock Unit Agreement (Exxon Mobil Corp), Restricted Stock Unit Agreement (Exxon Mobil Corp)

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Restrictions and Risk of Forfeiture. During the applicable restricted periods specified in section paragraph 4 of this Agreement, (a) the units shares under restriction may not be sold, assigned, transferred, pledged, or otherwise disposed of or encumbered, and any attempt to do so will be null and void; and (b) the units shares under restriction may be forfeited as provided in section paragraph 6.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Exxon Mobil Corp), Restricted Stock Agreement (Exxon Mobil Corp), Restricted Stock Agreement (Exxon Mobil Corp)

Restrictions and Risk of Forfeiture. During the applicable restricted periods specified in section 4 of this Agreement, (a) the units shares under restriction may not be sold, assigned, transferred, pledged, or otherwise disposed of or encumbered, and any attempt to do so will be null and void; and (b) the units shares under restriction may be forfeited as provided in section 6.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Exxon Mobil Corp), Restricted Stock Agreement (Exxon Mobil Corp), Restricted Stock Agreement (Exxon Mobil Corp)

Restrictions and Risk of Forfeiture. During the applicable restricted periods specified in section 4 of this Agreement, , (a) the units under restriction may not be sold, assigned, transferred, pledged, or otherwise disposed of or encumbered, and any attempt to do so will be null and void; and , (b) the units under restriction may be forfeited as provided in section 6.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Exxon Mobil Corp), Restricted Stock Unit Agreement (Exxon Mobil Corp), Restricted Stock Unit Agreement (Exxon Mobil Corp)

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Restrictions and Risk of Forfeiture. During the applicable restricted periods specified in section 4 of this Agreement, (a) the units under restriction may not be sold, assigned, transferred, pledged, or otherwise disposed of or encumbered, and any attempt to do so will be null and void; and (b) the units under restriction may be forfeited as provided in section 6.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Exxon Mobil Corp), Restricted Stock Unit Agreement (Exxon Mobil Corp)

Restrictions and Risk of Forfeiture. During the applicable restricted periods specified in section paragraph 4 of this Agreement, (a) the units under restriction may not be sold, assigned, transferred, pledged, or otherwise disposed of or encumbered, and any attempt to do so will be null and void; and (b) the units under restriction may be forfeited as provided in section paragraph 6.

Appears in 1 contract

Samples: Annuitant Cash Unit Agreement (Exxon Mobil Corp)

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