Common use of Restrictions on Transfer and Exercise Clause in Contracts

Restrictions on Transfer and Exercise. (a) Except as provided in this Section 3, this Option, and rights under this Option, may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Awardee and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company.

Appears in 7 contracts

Samples: Performance Share Unit Award Agreement (Diligent Corp), Employment Agreement (Diligent Board Member Services, Inc.), Employment Agreement (Diligent Board Member Services, Inc.)

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Restrictions on Transfer and Exercise. (a) Except as provided in this Section 35, this Option, and rights under this Option, may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Awardee and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company.

Appears in 1 contract

Samples: Performance Share Award Agreement (Diligent Board Member Services, Inc.)

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