Common use of RSUs Not Transferable Clause in Contracts

RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.

Appears in 8 contracts

Samples: Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Time Based Restricted Share Unit Award Agreement (Willis Group Holdings PLC), Time Based Restricted Share Unit Award Agreement

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RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate Director or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2 6.2 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.

Appears in 5 contracts

Samples: Restricted Share Unit Award Agreement, Restricted Share Unit Award Agreement (Willis Group Holdings PLC), Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

RSUs Not Transferable. Neither the RSUs nor No RSU or any interest or right therein or part thereof shall be subject to liable for the debts, contracts or engagements of the Associate Employee or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means means, whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, provided however, that this Section 7.2 5.2 shall not prevent transfers made solely for estate planning purposes or under a by will or by the applicable laws of inheritancedescent and distribution.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Owens Illinois Inc /De/), Restricted Stock Unit Agreement (Owens Illinois Inc /De/), Restricted Stock Unit Agreement (Owens Illinois Inc /De/)

RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate Colleague or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.

Appears in 2 contracts

Samples: Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC)

RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate Executive or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this 9 Section 7.2 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate Executive or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2 5.1 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate Executive or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.. 9

Appears in 1 contract

Samples: Restricted Share Units Award Agreement (Willis Group Holdings PLC)

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RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate Executive or his successors in interest or shall be subject to disposition by transfer, alienation, 7 anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2 6.2 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.

Appears in 1 contract

Samples: Employment Agreement (Willis Group Holdings PLC)

RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate Executive or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2 6.2 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.

Appears in 1 contract

Samples: Time Based Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

RSUs Not Transferable. Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Associate Executive or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2 shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

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