Common use of Restrictions and Risk of Forfeiture Clause in Contracts

Restrictions and Risk of Forfeiture. During the applicable restricted period specified in Section 3 of this Agreement: (a) the Restricted Stock may not be sold, assigned, pledged or otherwise disposed of or encumbered, and any attempt to do so will be null and void; and (b) the Restricted Stock may be forfeited as provided in Section 4 of this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Trump Entertainment Resorts Holdings Lp), Restricted Stock Award Agreement (Trump Entertainment Resorts Holdings Lp)

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Restrictions and Risk of Forfeiture. During the applicable restricted period specified in Section 3 of this Agreement: (a) the The Restricted Stock may not be sold, assigned, pledged or otherwise disposed of or encumbered, and any attempt to do so will be null and void; and (b) the The Restricted Stock may be forfeited as provided in Section 4 of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Trump Entertainment Resorts Holdings Lp)

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