Restrictions on Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 shall be of no effect and shall result in the forfeiture of all Units. The Units and your right to receive shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 4 until satisfaction of the vesting conditions set forth in Section 3.
Appears in 18 contracts
Samples: Restricted Stock Unit Award Agreement (Digi International Inc), Restricted Stock Unit Award Agreement (Digi International Inc), Restricted Stock Unit Award Agreement (Digi International Inc)
Restrictions on Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 shall be of no effect and shall result in the forfeiture of all Units. The Units and your right to receive shares Shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 4 until satisfaction of the vesting conditions set forth in Section 3.
Appears in 7 contracts
Samples: Restricted Stock Unit Award Agreement (SPS Commerce Inc), Restricted Stock Unit Award Agreement (SPS Commerce Inc), Restricted Stock Unit Award Agreement (SPS Commerce Inc)
Restrictions on Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 shall be of no force and effect and shall result in the forfeiture of all Units. The Units and your right to receive shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 4 until satisfaction of the vesting conditions set forth in Section 3.
Appears in 2 contracts
Samples: Performance Stock Unit Award Agreement (Digi International Inc), Performance Stock Unit Award Agreement (Digi International Inc)
Restrictions on Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered other than by will or the laws of descent and distribution. Any attempted transfer in violation of this Section 2 shall be of no effect and shall result in the forfeiture of all Units. The Units and your right to receive shares of the Company’s common stock (“Shares”) in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 4 5 until satisfaction of the vesting conditions set forth in Section 3.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (AV Homes, Inc.)
