Common use of Vested Restricted Shares Clause in Contracts

Vested Restricted Shares. (i) The Vested Restricted Shares may not be sold, assigned, transferred, pledged, gifted, encumbered, alienated, hypothecated or otherwise disposed of and any attempt to do so shall be void and of no legal force or effect whatsoever. (ii) Notwithstanding the foregoing, Executive may transfer Vested Restricted Shares (A) if the majority of the Corporation's board of directors approves such transfer, (B) in connection with a Change in Control, (C) to the Corporation or the Other Stockholders as provided in this SECTION 3 or SECTION 4, or (D) to a Permitted Transferee (as defined below); PROVIDED that the Permitted Transferee thereof has agreed in a writing (in a form approved by the Corporation) delivered to the Corporation to be bound by the terms of this Agreement with all of the rights and obligations of Executive as if such Permitted Transferee was Executive; PROVIDED FURTHER, that all references to Executive's employment shall remain in reference to Executive and shall not refer to such Permitted Transferee.

Vested Restricted Shares. (i) The Vested Restricted Shares may not be sold, assigned, transferred, pledged, gifted, encumbered, alienated, hypothecated or otherwise disposed of and any attempt to do so shall be void and of no legal force or effect whatsoever. (ii) Notwithstanding the foregoing, Executive may transfer Vested Restricted Shares (A) if the majority of the Corporation's board of directors approves such transfer, (B) in connection with a Change in ControlControl (as defined below), (C) to the Corporation or the Other Stockholders as provided in this SECTION 3 or SECTION 4, or (D) to a Permitted Transferee (as defined below); PROVIDED that the Permitted Transferee thereof has agreed in a writing (in a form approved by the Corporation) delivered to the Corporation to be bound by the terms of this Agreement with all of the rights and obligations of Executive as if such Permitted Transferee was Executive; PROVIDED FURTHER, that all references to Executive's employment shall remain in reference to Executive and shall not refer to such Permitted Transferee.

Vested Restricted Shares. (i) The Vested Restricted Shares may not be sold, assigned, transferred, pledged, gifted, encumbered, alienated, hypothecated or otherwise disposed of and any attempt to do so shall be void and of no legal force or effect whatsoever. (ii) Notwithstanding the foregoing, Executive may transfer Vested Restricted Shares may be transferred (A) if the majority of the Corporation's board of directors approves such transfer, (B) in connection with a Change in ControlControl (as defined below), (C) to the Corporation or the Other Stockholders as provided in this SECTION 3 or SECTION 4, or (D) to a Permitted Transferee (as defined below); PROVIDED that the Permitted Transferee thereof has agreed in a writing (in a form approved by the Corporation) delivered to the Corporation to be bound by the terms of this Agreement with all of the rights and obligations of Executive as if such Permitted Transferee was Executive; PROVIDED FURTHER, that all references to Executive's employment shall remain in reference to Executive and shall not refer to such Permitted Transferee.

Vested Restricted Shares. (i) The Vested Restricted Shares may not be sold, assigned, transferred, pledged, gifted, encumbered, alienated, hypothecated or otherwise disposed of and any attempt to do so shall be void and of no legal force or effect whatsoever. (ii) Notwithstanding the foregoing, Executive may transfer Vested Restricted Shares (A) if the majority of the Corporation's board of directors approves such transfer, (B) in connection with a Change in ControlControl (as defined below), (C) to the Corporation or the Other Stockholders as provided in this SECTION 3 or OR SECTION 4, or (D) to a Permitted Transferee (as defined below); PROVIDED that the Permitted Transferee thereof has agreed in a writing (in a form approved by the Corporation) delivered to the Corporation to be bound by the terms of this Agreement with all of the rights and obligations of Executive as if such Permitted Transferee was Executive; PROVIDED FURTHER, that all references to Executive's employment shall remain in reference to Executive and shall not refer to such Permitted Transferee.