Common use of Restrictions on Transfer of Restricted Stock Units Clause in Contracts

Restrictions on Transfer of Restricted Stock Units. The Restricted Stock Units may not be transferred, sold, pledged, exchanged, assigned or otherwise encumbered or disposed of by Grantee. Any purported transfer, encumbrance or other disposition of the Restricted Stock Units that is in violation of this Agreement shall be null and void, and the other party to any such purported transaction shall not obtain any rights to or interest in the Restricted Stock Units.

Restrictions on Transfer of Restricted Stock Units. The Subject to any exceptions set forth in this Agreement, the Restricted Stock Units may not be sold, transferred, sold, pledged, exchangedassigned, assigned or otherwise encumbered alienated or hypothecated, or disposed of by Grantee. Any purported transfer, encumbrance or in any manner other disposition than in accordance with the terms of the Restricted Stock Units that is in violation of this Agreement shall be null and void, and the other party to any such purported transaction shall not obtain any rights to or interest in the Restricted Stock UnitsPlan.