Common use of Transfer of Award Clause in Contracts

Transfer of Award. Except for transfers pursuant to a will or the laws of descent and distribution, this Award is not transferable and the Participant may not make any disposition of the shares of Common Stock described herein, or any interest herein, prior to the dates that such shares become vested as described herein; provided, however, that the Award may be transferred to the extent consented to by the Committee. As used herein, “disposition” means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s lifetime or upon or after the Participant’s death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Freehold Properties, Inc.), Award Agreement (Freehold Properties, Inc.), Restricted Stock Agreement (Freehold Properties, Inc.)

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Transfer of Award. Except for transfers pursuant to a will or the laws of descent and distribution, this Award is not transferable and the Participant may not make any disposition of the shares of Common Restricted Stock Units described herein, or any interest herein, prior to the dates that such the Company has issued shares become vested as described herein; provided, however, that the Award may be transferred of Common Stock to the extent consented to by Participant in accordance with Paragraph 6 or the CommitteePlan. As used herein, “disposition” means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s lifetime or upon or after the Participant’s death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Malibu Boats, Inc.), Restricted Stock Unit Award Agreement (Malibu Boats, Inc.), Restricted Stock Unit Award Agreement (Malibu Boats, Inc.)

Transfer of Award. Except for transfers pursuant to a will or the laws of descent and distribution, neither this Award award nor the Restricted Stock covered hereby is not transferable transferable, and the Participant may not make any disposition of the award or the shares of Common Stock described herein, or any interest herein, prior to the dates date that such shares become vested as described herein; provided, however, that the Award may be transferred to the extent consented to by the Committeein accordance with Paragraph 1. As used herein, “disposition” means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s lifetime or upon or after the Participant’s death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Lifepoint Hospitals, Inc.), Restricted Stock Award Agreement Grant Number (Lifepoint Hospitals, Inc.)

Transfer of Award. Except for transfers pursuant to a will or the laws of descent and distribution, neither this Award award nor the Restricted Stock covered hereby is not transferable transferable, and the Participant may not make any disposition of the award or the shares of Common Stock described herein, or any interest herein, prior to the dates date that such shares become vested as described herein; provided, however, that the Award may be transferred to the extent consented to by the Committeein accordance with Paragraph 1. As used herein, "disposition" means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s 's lifetime or upon or after the Participant’s 's death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Appears in 1 contract

Samples: Agreement (Lifepoint Hospitals, Inc.)

Transfer of Award. Except for transfers pursuant to a will or the laws of descent and distribution, this Award is not transferable and the Participant may not make any disposition of the shares of Common Restricted Stock described herein, or any interest herein, prior to the dates that such shares become vested as described hereinin accordance with Paragraph 3; provided, however, that the Award may be transferred to the extent consented to by the Committee. As used herein, "disposition" means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s 's lifetime or upon or after the Participant’s 's death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Appears in 1 contract

Samples: Symbion Stock Incentive Plan Restricted Stock Agreement (Symbion Inc/Tn)

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Transfer of Award. Except for transfers pursuant to a will or the laws of descent and distribution, this the Award is not transferable and the Participant may not make any disposition of the shares of Common Stock described herein, or any interest herein, prior to the dates that such shares become vested as described herein; provided, however, that the Award may be transferred to the extent consented to by the Committee. As used herein, “disposition” means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s lifetime or upon or after the Participant’s death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Freehold Properties, Inc.)

Transfer of Award. Except for transfers pursuant to a will or the laws of descent and distribution, the Restricted Stock subject to this Award Agreement is not transferable and the Participant may not make any disposition of the award or the shares of Common Stock described herein, or any interest herein, prior to the dates date(s) that such shares become vested as described herein; provided, however, that the Award may be transferred to the extent consented to by the Committeein accordance with Paragraph 1. As used herein, "disposition" means any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and whether during the Participant’s 's lifetime or upon or after the Participant’s 's death, including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy, or attachment, except a transfer by will or by the laws of descent or distribution. Any attempted disposition in violation of this Paragraph is void.

Appears in 1 contract

Samples: Restricted Stock Agreement (Lifepoint Hospitals, Inc.)

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