Common use of Restrictions Applicable to Units Clause in Contracts

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 shall be void and without effect. The Units and your right to receive Shares in settlement of any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5a.

Appears in 5 contracts

Samples: Solicitation Agreement (Winnebago Industries Inc), Omnibus Incentive Plan (Winnebago Industries Inc), Omnibus Incentive Plan (Winnebago Industries Inc)

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Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 shall be void and without effect. The Units and your right to receive Shares in settlement of any the Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5a6 until satisfaction of the vesting conditions set forth in Section 5.

Appears in 5 contracts

Samples: Solicitation Agreement (Winnebago Industries Inc), Restricted Stock Unit Award Agreement (Winnebago Industries Inc), Restricted Stock Unit Award Agreement (Winnebago Industries Inc)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 2 shall be void and without effect. The Units and your right to receive Shares in settlement of any the Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5a4 of this Agreement until satisfaction of the vesting conditions set forth in Section 3 of this Agreement.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Shoe Carnival Inc), Restricted Stock Unit Award Agreement (Shoe Carnival Inc), Restricted Stock Unit Award Agreement (Shoe Carnival Inc)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, will or by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with the Plandistribution. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 2 shall be void and without effect. The Units and your right to receive Shares in settlement of any the Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5a5 until satisfaction of the vesting conditions set forth in Section 4.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Insignia Systems Inc/Mn), Restricted Stock Unit Award Agreement (Surmodics Inc), Restricted Stock Unit Award Agreement (Surmodics Inc)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 2 shall be void and without effect. The Units and your right to receive Shares in settlement of any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5a4.

Appears in 4 contracts

Samples: Performance Stock Unit Award Agreement (Lci Industries), Performance Stock Unit Award Agreement (Lci Industries), Performance Stock Unit Award Agreement (Lci Industries)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 2 shall be void and without effect. The Units and your right to receive Shares in settlement of any the Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5a5 until satisfaction of the vesting conditions set forth in Section 4.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Winnebago Industries Inc), Restricted Stock Unit Award Agreement (Winnebago Industries Inc), Restricted Stock Unit Award Agreement (Winnebago Industries Inc)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, encumbered other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award the Units shall continue to be subject to the same terms and conditions that were applicable to the Award Units immediately prior to its their transfer. Any attempted transfer in violation of this Section 3 2 shall be void and without effectineffective. The Units and your right to receive Shares in settlement of any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5aSections 4 and 5.

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (Proto Labs Inc), Performance Stock Unit Agreement (Proto Labs Inc)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 2 shall be void and without effect. The Units and your right to receive Shares in settlement of any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned achieved and thereafter vest as provided in Section 5a4.

Appears in 2 contracts

Samples: Performance Stock Unit Award Agreement (Lci Industries), Performance Stock Unit Award Agreement (Lci Industries)

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Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, will or by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with the Plandistribution. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 2 shall be void and without effect. The Units and your right to receive Shares shares of Common Stock (“Shares”) in settlement of any the Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5a5 until satisfaction of the vesting conditions set forth in Section 4.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Brickell Biotech, Inc.)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than (i) a transfer upon your death in accordance with your will, will or by the laws of descent and distribution distribution, or (ii) pursuant to a beneficiary designation submitted in accordance with the Plandomestic relations order. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 2 shall be void and without effect. The Units and your right to receive Shares in settlement of any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5aSections 4 and 5.

Appears in 1 contract

Samples: Equity Incentive Plan (Surmodics Inc)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 shall be void and without effect. The Units and your right to receive Shares in settlement of any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5aSections 5 and 6.

Appears in 1 contract

Samples: Incentive Compensation Plan (Winnebago Industries Inc)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, will or by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(c) of the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the Award immediately prior to its transfer. Any attempted transfer in violation of this Section 3 2 shall be void and without effect. The Units and your right to receive Shares in settlement of any Units under this Agreement shall be subject to forfeiture except to the extent the Units have been earned and thereafter vest vested as provided in Section 5aSections 4 and 5.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Electromed, Inc.)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, will or by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with the Plandistribution. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to the this Award immediately prior to its transfer, including the forfeiture provisions of Section 5, which apply to the original Participant and not any transferee. Any attempted transfer in violation of this Section 3 2 shall be void and without effect. The Units and your right to receive Shares in settlement of any the Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section 5a5 until satisfaction of the vesting conditions set forth in Section 4.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Surmodics Inc)

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