Non-transferable Shares definition

Non-transferable Shares means those Shares that are subject to the transfer restrictions imposed under this Section 3 which restrictions have not expired or terminated. Non-transferable Shares may not be sold, transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered. The restrictions imposed under this Section shall apply to all shares of the Company’s common stock or other securities issued with respect to Non-transferable Shares hereunder in connection with any merger, reorganization, consolidation, recapitalization, stock dividend or other change in corporate structure affecting the common stock of the Company. The transfer restrictions imposed under this Section 3 will expire as to all of the Shares indicated on Page 1 on the earliest to occur of the following (the period prior to such expiration being referred to herein as the “Non-transferable Period”):
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Examples of Non-transferable Shares in a sentence

  • Non-transferable Shares may not be sold, transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered.

  • The restrictions imposed under this Section shall apply to all shares of the Company’s common stock or other securities issued with respect to Non-transferable Shares hereunder in connection with any merger, reorganization, consolidation, recapitalization, stock dividend or other change in corporate structure affecting the common stock of the Company.

  • The Non-transferable Vested Shares shall continue to remain in escrow, and be subject to the transfer restrictions contained in Section 3.4 until Director’s Termination of Service, at which time such Non-transferable Shares shall be released from any escrow and delivered to the Director or for the benefit of his or her account without the legend referenced in Section 3.8, and such shares shall be free of all restrictions hereunder (including the restrictions contained in Section 3.4).

  • The Non-transferable Vested Shares shall continue to remain in escrow, and be subject to the transfer restrictions contained in Section 3.4 until Director’s Termination of Directorship, at which time such Non-transferable Shares shall be released from any escrow and delivered to the Director or for the benefit of his or her account without the legend referenced in Section 3.8, and such shares shall be free of all restrictions hereunder (including the restrictions contained in Section 3.4).

Related to Non-transferable Shares

  • transferable securities means those classes of securities which are negotiable on the capital market, with the exception of instruments of payment, such as:

  • Non-transferability means the occurrence of any event that makes it impossible for the Issuer to deliver Renminbi between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong, other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date and it is impossible for the Issuer, due to an event beyond its control, to comply with such law, rule or regulation).

  • RMB Non-Transferability means the occurrence of any event that makes it impossible for the Issuer to deliver RMB between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong (including where the RMB clearing and settlement system for participating banks in Hong Kong is disrupted or suspended), other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date of the first Tranche of the relevant Series and it is impossible for the Issuer due to an event beyond its control, to comply with such law, rule or regulation);

  • transferable vote means a ballot document on which, following a first preference, a second or subsequent preference is recorded in consecutive numerical order for a continuing candidate,

  • Transfer Restricted Securities means securities that bear or are required to bear the legend set forth in Section 2.06 hereof.