Restrictions on Unvested Shares. Unvested Shares may not be sold, transferred, pledged, or otherwise disposed of, except that such Unvested Shares may be transferred to a trust established for the sole benefit of the Purchaser and/or his or her spouse, children or grandchildren. Any Unvested Shares that are transferred as provided herein remain subject to the terms and conditions of this Agreement.
Restrictions on Unvested Shares. So long as Shares shall remain Unvested Shares, such Shares may not be sold, assigned, transferred, pledged or otherwise encumbered by the Employee or any successor or assignee thereof, whether voluntarily or by operation of law, and such Unvested Shares shall be subject to repurchase by the Company in accordance with Section 6 below.
Restrictions on Unvested Shares. (a) Deposit of the Unvested Shares. Grantee shall deposit all of the Unvested Shares with the Company to hold until the Unvested Shares become vested, at which time such vested shares shall no longer constitute Unvested Shares. Grantee shall execute and deliver to the Company, concurrently with the execution of this Agreement blank stock powers for use in connection with the transfer to the Company or its designee of Unvested Shares that do not become vested. The Company will deliver to Grantee the Stock Certificate for the shares of Common Stock that become vested upon vesting of such shares.
Restrictions on Unvested Shares. No portion of the Restricted Stock or rights granted hereunder may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of by the Employee for any reason or in any manner, including by will or intestacy until such portion of the Restricted Stock becomes vested in accordance with Section 1.2 of this Agreement. The period of time between the date hereof and the date all Restricted Stock becomes vested is referred to herein as the "Restriction Period." Unvested Shares shall not be transferable by the Employee.
Restrictions on Unvested Shares. Subject to the provisions of the Plan and the terms of this Agreement, from the Grant Date until the date the Awarded Shares have vested, the Grantee shall not be permitted to sell, transfer, pledge, hypothecate, margin, assign or otherwise encumber any of the Awarded Shares.
Restrictions on Unvested Shares. Subject to the limitations contemplated herein, the Seller Parties shall be entitled to the voting and dividend rights generally granted to holders of Buyer Shares with regards to the Earn-Out Shares, including Unvested Shares; provided that the Unvested Shares may not be offered, sold, transferred, redeemed, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or otherwise) by any Seller Party or be subject to execution, attachment or similar process without the consent of Buyer, and shall bear a customary legend with respect to such transfer restrictions. Any attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of such Unvested Shares shall be null and void. Notwithstanding the foregoing, transfers, assignments and sales by a Seller Party of the Unvested Shares are permitted (i) as a bona fide gift or charitable contribution; (ii) to a trust, or other entity formed for estate planning purposes for the primary benefit of the spouse, domestic partner, parent, sibling, child or grandchild of such Seller Party; (iii) by will or intestate succession upon the death of the Seller Party; (iv) pursuant to a qualified domestic order, court order or in connection with a divorce settlement; (v) if such Seller Party is a corporation, partnership (whether general, limited or otherwise), limited liability company, trust or other business entity, (A) to another corporation, partnership, limited liability company, trust or other business entity that controls, is controlled by or is under common control or management with the Seller Party, or (B) to partners, limited liability company members, Affiliates or stockholders of the Seller Party, including, for the avoidance of doubt, where the Seller Party is a partnership, to its general partner or a successor partnership or fund, or any other funds managed by such partnership; (C) by virtue of the laws of the state or jurisdiction of the entity’s organization and the entity’s organizational documents upon dissolution of the entity; (vi) pursuant to transactions in the event of completion of a liquidation, merger, consolidation, stock exchange, reorganization, tender offer or other similar transaction which results in all of the corporation’s securityholders having the right to exchange their shares of Buyer Stock for cash, securities or other property; provided, however, that in the case of clauses (i) through (vi) these permitted transferees mu...
Restrictions on Unvested Shares. (a) The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively “transfer”) any Unvested Shares, or any interest therein.
Restrictions on Unvested Shares. No portion of the Shares or rights granted hereunder may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of by the Participant, including by will or intestacy, until such portion of the Shares becomes vested in accordance with Section 1.3 of this Agreement. Unvested Shares shall not be transferable by the Participant.
Restrictions on Unvested Shares a. Shares which have not yet vested as set forth in Sections 3 and 4 (the "Unvested Shares") shall not be sold, assigned, pledged, or otherwise transferred or encumbered, whether voluntarily, involuntarily, or by operation of law. Any attempt to sell, assign, pledge, transfer or encumber the Unvested Shares or any levy, attachment or similar process upon the Unvested Shares, shall be null and void. The Company shall not recognize or give effect to any such transfers or encumbrances on its books and records or recognize the person or persons to whom such purported transfer has been made as the legal or beneficial owner of the Unvested Shares.
Restrictions on Unvested Shares
