Transfer Restriction on PSUs. Until the delivery of shares of Company Stock with respect to the PSUs in accordance with the terms of this Award, the PSUs may not be sold, transferred, pledged, exchanged, hypothecated or otherwise disposed of, other than by will or pursuant to the applicable laws of descent and distribution. Any attempted sale, transfer, pledge, exchange, hypothecation or other disposition of the PSUs not specifically permitted by the Plan or this Award shall be null and void and without effect.
Appears in 4 contracts
Samples: Performance Vested Stock Unit (Stock Yards Bancorp, Inc.), Performance Vested Stock Unit (Stock Yards Bancorp, Inc.), Stock Yards (Stock Yards Bancorp, Inc.)
Transfer Restriction on PSUs. Until the delivery of shares of Company Stock Restricted Shares with respect to the PSUs in accordance with the terms of this Award, the PSUs may not be sold, transferred, pledged, exchanged, hypothecated or otherwise disposed of, other than by will or pursuant to the applicable laws of descent and distribution. Any attempted sale, transfer, pledge, exchange, hypothecation or other disposition of the PSUs not specifically permitted by the Plan or this Award shall be null and void and without effect.. β β
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Republic Bancorp Inc /Ky/)
