Grant is Not Transferable Clause Example from Business Contracts

This example Grant is Not Transferable clause appears in 4 contracts from 3 companies

Grant is Not Transferable. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of any unvested Shares of Restricted Stock subject to this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void.