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

Restrictions on Transfer of Restricted Stock Units. Except for the transfer of any Restricted Stock Units by bequest or inheritance, the Recipient shall not have the right to make or permit to exist any transfer or hypothecation, whether outright or as security, with or without consideration, voluntary or involuntary, of all or any part of any right, title or interest in or to any Restricted Stock Units. Any such disposition not made in accordance with this Agreement shall be deemed null and void. Any permitted transferee under this Section shall be bound by the terms of this Agreement.

Appears in 8 contracts

Samples: 2018 Stock Incentive Plan (OHI Healthcare Properties Limited Partnership), Restricted Stock Units Agreement (OHI Healthcare Properties Limited Partnership), 2018 Stock Incentive Plan (OHI Healthcare Properties Limited Partnership)

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