Common use of Restrictions on Transfer; Clawback Clause in Contracts

Restrictions on Transfer; Clawback. The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively “transfer”) any RSUs, or any interest therein. The Company shall not be required to treat as the owner of any RSUs or issue any Common Stock to any transferee to whom such RSUs have been transferred in violation of any of the provisions of this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Karyopharm Therapeutics Inc.), Restricted Stock Unit Agreement (Karyopharm Therapeutics Inc.)

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Restrictions on Transfer; Clawback. The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively “transfer”) any RSUs, or any interest therein. The Company shall not be required to treat as the owner of any RSUs or issue any Common Stock to any transferee to whom such RSUs have been transferred in violation of any of the provisions of this Agreement. In accepting these RSUs, the Participant agrees to be bound by any clawback policy that the Company has adopted or may adopt in the future.

Appears in 2 contracts

Samples: Inducement Restricted Stock Unit Agreement (Editas Medicine, Inc.), Restricted Stock Unit Agreement (PTC Therapeutics, Inc.)

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Restrictions on Transfer; Clawback. The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively “transfer”) any RSUs, or any interest therein. The Company shall not be required to treat as the owner of any RSUs or issue any Common Stock to any transferee to whom such RSUs have been transferred in violation of any of the provisions of this Agreement.. In accepting these RSUs, the Participant agrees to be bound by any clawback policy that the Company has adopted or may adopt in the future

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (IVERIC Bio, Inc.)

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