Common use of Transferability; Rights as a Stockholder Clause in Contracts

Transferability; Rights as a Stockholder. (a) Unless otherwise provided by the Administrator, each RSU shall be transferable only: (i) pursuant to your will or upon your death to your beneficiaries; (ii) by gift to your Immediate Family (defined below), partnerships whose only partners are you or members of your Immediate Family, limited liability companies whose only members are you or members of your Immediate Family, or trusts established solely for the benefit of you or members of your Immediate Family; or (iii) by gift to a foundation in which you and/or members of your Immediate Family control the management of the foundation’s assets. (b) For purposes of these Standard Terms, “Immediate Family” is defined as your spouse or domestic partner, children, grandchildren, parents, or siblings. Any purported assignment, transfer or encumbrance that does not qualify under Section 11(a) above shall be void and unenforceable against the Company. Any RSU transferred by you pursuant to this section shall not be transferable by the recipient except by will or the laws of descent and distribution. The transferability of RSUs is subject to any applicable laws of your country of residence or employment.

Transferability; Rights as a Stockholder. (a) Unless otherwise provided by the Administrator, each RSU shall be transferable only: (i) pursuant to your will or upon your death to your beneficiaries; (ii) by gift to your Immediate Family (defined below), partnerships whose only partners are you or members of your Immediate Family, limited liability companies whose only members are you or members of your Immediate Family, or trusts established solely for the benefit of you or members of your Immediate Family; or (iii) by gift to a foundation in which you and/or members of your Immediate Family control the management of the foundation’s assets. (b) For purposes of these Standard Terms, “Immediate Family” is defined as your spouse or domestic partner, children, grandchildren, parents, or siblings. Any purported assignment, transfer or encumbrance that does not qualify under Section 11(a12(a) above shall be void and unenforceable against the Company. Any RSU transferred by you pursuant to this section shall not be transferable by the recipient except by will or the laws of descent and distribution. The transferability of RSUs is subject to any applicable laws of your country of residence or employment.