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 other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 will be void and ineffective. The Units and your right to receive Shares in settlement of the Units under this Agreement will be subject to forfeiture except to extent the Units have vested as provided in Section 4.

Appears in 8 contracts

Samples: Restricted Stock Unit Award Agreement (Polaris Inc.), Restricted Stock Unit Award Agreement (Polaris Inc.), Restricted Stock Unit Award Agreement (Polaris 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 other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 will be void and ineffective. The Units and your right to receive Shares in settlement of the Units under this Agreement will be are subject to forfeiture except to extent the Units have vested as provided in Section 4.

Appears in 7 contracts

Samples: Performance Restricted Stock Units Award Agreement (Polaris Inc.), Performance Restricted Stock Units Award Agreement (Polaris Inc.), Performance Restricted Stock Units Award Agreement (Polaris Inc.)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 will shall be void of no effect and ineffectiveshall result in the forfeiture of all Units. The Units and your right to receive Shares in settlement of the Units under this Agreement will shall be subject to forfeiture except to extent the Units have vested as provided in Section 44 until satisfaction of the vesting conditions set forth in Section 3.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Tactile Systems Technology Inc), Restricted Stock Unit Award Agreement (Tactile Systems Technology Inc), Restricted Stock Unit Award Agreement (Tactile Systems Technology Inc)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws law of descent and distribution. Any attempted transfer in violation of this Section 2 will shall be void and ineffectivewithout effect. The Units and your right to receive Shares in settlement of the any Units under this Agreement will shall be subject to forfeiture except to extent the Units have vested been earned and thereafter vest as provided in Section 4Sections 4 and 5.

Appears in 4 contracts

Samples: Performance Stock Unit Agreement, Performance Stock Unit Agreement (Tactile Systems Technology Inc), Performance Stock Unit Agreement (Tactile Systems Technology Inc)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 will shall be void and ineffective. The Units and your right to receive Shares in settlement of the Units under this Agreement will shall be subject to forfeiture except to extent the Units have vested as provided in Section 4.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Polaris Industries Inc/Mn), Performance Restricted Stock Unit Award Agreement (Polaris Industries Inc/Mn), Restricted Stock Unit Award Agreement (Polaris Industries Inc/Mn)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 will shall be void and ineffective. The Units and your right to receive Shares in settlement of the any Units under this Agreement will shall be subject to forfeiture except to the extent the Units have become vested as provided in Section 4Sections 4 and 5.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (StarTek, Inc.)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 will shall be void and ineffective. The Units and your right to receive Shares in settlement of the any Units under this Agreement will shall be subject to forfeiture except to extent the Units have vested been earned and thereafter vest as provided in Section 4Sections 4 and 5.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Datalink Corp)

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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 other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 will shall be void and ineffectivewithout effect. The Units and your right to receive Shares shares in settlement of the any Units under this Agreement will shall be subject to forfeiture except to extent the Units have vested been earned and thereafter vest as provided in Section 4Sections 4 and 5.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Mama's Creations, Inc.)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 will shall be void and ineffectivewithout effect. The Units and your right to receive Shares shares in settlement of the Units under this Agreement will shall be subject to forfeiture except to extent the Units have vested as provided in Section 5 until satisfaction of the vesting conditions set forth in Section 4.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Mama's Creations, Inc.)

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 will shall be null, void and ineffective. The Units and your right to receive Shares in settlement of the Units under this Agreement will shall be subject to forfeiture except to extent as provided in Sections 4 and 5 unless and until the Units have vested vest as provided in Section 44 or Section 9.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Polaris Industries Inc/Mn)

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