Common use of Transfer and Forfeiture Restrictions Clause in Contracts

Transfer and Forfeiture Restrictions. The Holder’s Units shall not be sold, assigned, pledged, or otherwise transferred except as provided herein (including the 2013 Plan), and Holder shall be obligated to forfeit and surrender, without further consideration from the Company, such Units (to the extent then subject to the Forfeiture Restrictions) to the Company in accordance with this Agreement. The obligation to forfeit and surrender Units to the Company is referred to herein as the “Forfeiture Restrictions.” The transfer restrictions and Forfeiture Restrictions shall be binding upon and enforceable against any permitted transferee of Units.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Crown Castle International Corp), Restricted Stock Units Agreement (Crown Castle International Corp), Restricted Stock Units Agreement (Crown Castle International Corp)

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Transfer and Forfeiture Restrictions. The Holder’s Units shall not be sold, assigned, pledged, or otherwise transferred except as provided herein (including the 2013 2022 Plan), and Holder shall be obligated to forfeit and surrender, without further consideration from the Company, such Units (to the extent then subject to the Forfeiture Restrictions) to the Company in accordance with this Agreement. The obligation to forfeit and surrender Units to the Company is referred to herein as the “Forfeiture Restrictions.” The transfer restrictions and Forfeiture Restrictions shall be binding upon and enforceable against any permitted transferee of Units.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Crown Castle Inc.), Restricted Stock Unit Agreement (Crown Castle Inc.), Restricted Stock Unit Agreement (Crown Castle International Corp)

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