Common use of Restrictions on Sale and Transferability Clause in Contracts

Restrictions on Sale and Transferability. In the event that Shares are vested pursuant to MSUs within six months after the Grant Date, the Participant (and the Participant’s heirs) hereby agrees that such Shares may not be offered for sale to the public or otherwise disposed of prior to the six-month anniversary of the Grant Date. Any Shares acquired under the Plan are accepted as a personal investment.

Appears in 7 contracts

Samples: Market Stock Unit Award Agreement (Morningstar, Inc.), 2011 Stock Incentive Plan (Morningstar, Inc.), Market Stock Unit Award Agreement (Morningstar, Inc.)

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