Common use of Transferee Obligations Clause in Contracts

Transferee Obligations. Each Permitted Transferee must, as a condition precedent to the validity of a transfer of the Performance Shares, acknowledge in writing to the Company that such person is bound by the provisions of this Agreement and that the transferred Performance Shares are subject to forfeiture to the same extent such shares would be so subject if retained by the Participant.

Appears in 5 contracts

Samples: Performance Restricted Stock Agreement (Catalent, Inc.), Performance Restricted Stock Agreement (Catalent, Inc.), Performance Restricted Stock Agreement (Catalent, Inc.)

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Transferee Obligations. Each Permitted Transferee must, as a condition precedent to the validity of a transfer of the Performance Shares, acknowledge in writing to the Company that such person is bound Exhibit 10.46 by the provisions of this Agreement and that the transferred Performance Shares are subject to forfeiture to the same extent such shares would be so subject if retained by the Participant.

Appears in 1 contract

Samples: Performance Restricted Stock Agreement (Catalent, Inc.)

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