Common use of Transferability of RSUs Clause in Contracts

Transferability of RSUs. Except as set forth in Section 4(d), the RSUs (and, prior to their actual issuance, the Shares) may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant other than by will or by the laws of descent and distribution, and any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance not permitted by this Section 11 shall be void and unenforceable.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Warner Music Group Corp.), Restricted Stock Unit Award Agreement (Warner Music Group Corp.), Restricted Stock Unit Award Agreement (Warner Music Group Corp.)

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Transferability of RSUs. Except as set forth in Section 4(d4(c), the RSUs (and, prior to their actual issuance, the Shares) may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant other than by will or by the laws of descent and distribution, and any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance not permitted by this Section 11 shall be void and unenforceable.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Warner Music Group Corp.)

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