Common use of TRANSFER OF AWARD SHARES Clause in Contracts

TRANSFER OF AWARD SHARES. 5.1 Except as otherwise provided in the Plan, the unvested Award Shares shall not be offered, sold, transferred, assigned, exchanged, pledged, encumbered or otherwise disposed of (each, a “Transfer”) for any purpose whatsoever, other than to the Company, and shall not be subject, in whole or in part, to execution, attachment, or similar process in all such cases until the date of vesting. Any attempted Transfer of the unvested Award Shares, other than in accordance with the terms set forth herein, shall be void and of no effect.

Appears in 8 contracts

Samples: Restricted Stock Agreement (Capstead Mortgage Corp), Restricted Stock Agreement (Capstead Mortgage Corp), Restricted Stock Agreement (Capstead Mortgage Corp)

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