Common use of Restrictions on Restricted Stock Units Clause in Contracts

Restrictions on Restricted Stock Units. Subject to the terms and conditions set forth herein and in the Plan, Grantee shall not be permitted to sell, transfer, pledge or assign the Restricted Stock Units except by will or by the laws of descent and distribution. No such transfer occurring as a result of the Grantee’s death shall be effective to bind the Company unless the Committee shall have been furnished with a copy of the applicable will or such other evidence as the Committee may deem necessary to establish the validity of the transfer.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement, Restricted Stock Unit Award Agreement (Interdigital Communications Corp), Restricted Stock Unit Award Agreement (Interdigital Communications Corp)

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