Restrictions on Units. Prior to settlement of the DSUs in accordance with Section 5, the DSUs subject to this Agreement may not 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.
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Samples: Deferred Stock Unit Master Agreement (Lci Industries), Deferred Stock Unit Master Agreement (Lci Industries), Deferred Stock Unit Master Agreement (Lci Industries)
Restrictions on Units. Prior to settlement of the DSUs in accordance with Section 5, the DSUs subject to this Agreement may not be sold, assigned, transferred, exchanged or encumbered other than (i) by will or the laws of descent and distribution, or (ii) by gift to any “family member” (as defined in Section 6(c) of the Plan) of yours. Any attempted transfer in violation of this Section 2 shall be of no effect.
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