Limited Transferability Clause Example with Variations from Business Contracts

This page contains Limited Transferability clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Limited Transferability. Prior to the actual issuance of the Shares that vest hereunder, Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, any Shares which vest hereunder but otherwise remain unissued at the time of... Participant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation to issue the stock certificates for any Shares which in fact vest and become issuable hereunder to one or more designated Family Members or a trust established for Participant and/or his or her Family Members. Participant may make such a beneficiary designation or certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. View More Arrow
Found in Matson, Inc. contract

Variations of a "Limited Transferability" Clause from Business Contracts

Limited Transferability. Prior to the actual issuance of the Shares that pursuant to RSUs which vest hereunder, the Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, Shares; provided, however, any Shares which vest issuable pursuant to vested RSUs hereunder but which otherwise remain unissued at the time of the Participant's death may be transferred pursuant to the provisions of the Participant's will or the laws of inheritance or to the Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation to issue the stock certificates for any Shares which in fact vest and become issuable hereunder to one or more designated Family Members or a trust established for Participant and/or his or her Family Members. Participant may make such a beneficiary designation or certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. View More Arrow
Found in Veritone, Inc. contract
Limited Transferability. Prior to the actual issuance vesting of the Shares that vest Restricted Stock Units and actual receipt of the underlying shares of Common Stock paid hereunder, the Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale shares of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of... those Shares. However, any Shares which Common Stock. Any Restricted Stock Units that vest hereunder but which otherwise remain unissued unpaid at the time of the Participant's death may be transferred pursuant to the provisions of the Participant's will or the laws of inheritance or to the Participant's designated beneficiary or 1 beneficiaries of this Award. The Participant may also direct the Corporation to issue re-issue the stock certificates for any Shares which in fact vest and become issuable hereunder shares of Common Stock that were issued pursuant to the Award during his or her lifetime to one or more designated Family Members family members or a trust established for the Participant and/or his or her Family Members. family members. The Participant may make such a beneficiary designation or certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. View More Arrow
Found in FTD Companies, Inc. contract
Limited Transferability. Prior to the actual issuance of shares of Common Stock under the Shares that vest hereunder, Award, the Participant may not transfer any interest in the restricted stock units subject to the Award Performance Units or the underlying Shares or pledge or otherwise hedge the sale shares of those units or Shares, including (without limitation) Common Stock; provided, however, any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those... Shares. However, any Shares Performance Units which vest hereunder but which otherwise remain unissued unpaid at the time of the Participant's death may be transferred pursuant to the provisions of the Participant's will or the laws of inheritance or to the Participant's designated beneficiary or 1 beneficiaries of this the Award. The Participant may also direct the Corporation to issue the stock certificates for any Shares shares of Common Stock which in fact vest and become issuable hereunder to one or more designated Family Members or a trust established for the Participant and/or his or her Family Members. The Participant may make such a beneficiary designation or certificate directive for the Award at any time by filing the appropriate form with the Plan Administrator or its designee. View More Arrow
Found in 2 Contracts from AGILE THERAPEUTICS INC
Limited Transferability. Prior to the actual issuance of the Shares that which vest hereunder, Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, Shares; provided, however, any Shares which vest hereunder but which... otherwise remain unissued at the time of Participant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation to issue the stock certificates for any Shares which in fact vest and become issuable hereunder to one or more designated Family Members or a trust established for Participant and/or his or her Family Members. Participant may make such a beneficiary designation or certificate directive for this Award at any time by filing the appropriate form with the Plan Administrator or its designee. View More Arrow
Found in 8 Contracts from Koppers Holdings Inc.
Limited Transferability. Prior to the actual issuance receipt of the Shares that which vest hereunder, Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those the underlying Shares. However, any Shares which vest hereunder but which otherwise... remain unissued at the time of Participant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation to issue the stock certificates for any Shares which in fact vest and become issuable hereunder to one or more designated Family Members or a trust established for Participant and/or his or her Family Members. Participant may make such a beneficiary designation or certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. inheritance. View More Arrow
Found in Gilead Sciences contract
Limited Transferability. Prior to the actual issuance receipt of the Shares that vest shares of Stock which become issuable upon vesting of the RSUs hereunder, Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale shares of those units or Shares, including (without limitation) any short sale or any acquisition or disposition Stock. Any shares of any put or call option or other instrument tied to the value of those... Shares. However, any Shares which Stock issuable under RSUs that vest hereunder but which otherwise remain unissued at the time of Participant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation Company to issue re-issue the stock certificates for any Shares shares which in fact vest and become issuable hereunder under the Award with respect to vested RSUs during his or her lifetime to one or more designated Family Members family members or a trust established for Participant and/or his or her Family Members. family members. Participant may make such a beneficiary designation or certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. View More Arrow
Found in EverQuote, Inc. contract
Limited Transferability. Prior to the actual issuance receipt of the Shares that which vest and become issuable hereunder, Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, any Any Shares which vest hereunder but which... otherwise remain unissued at the time of Participant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation to issue re-issue the stock certificates for any Shares which in fact vest and become issuable hereunder under the Award during his lifetime to one or more designated Family Members family members or a trust established for Participant and/or his or her Family Members. family members. Participant may make such a beneficiary designation or certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. designee.3. Cessation of Service. Except as otherwise provided in Paragraph 4 or Paragraph 6 below, should Participant cease Service for any reason prior to vesting in one or more Shares subject to the Award, then the Award shall be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units. View More Arrow
Found in SJW GROUP contract
Limited Transferability. Prior to the actual issuance receipt of the Shares that which vest and become issuable hereunder, Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, any Any Shares which vest hereunder but which... otherwise remain unissued at the time of Participant's death may be transferred pursuant to the provisions of Participant's will or the laws of inheritance or to Participant's designated beneficiary or 1 beneficiaries of this Award. Participant may also direct the Corporation to issue re-issue the stock certificates for any Shares which in fact vest and become issuable hereunder under the Award during his or her lifetime to one or more designated Family Members family members or a trust established for Participant and/or his or her Family Members. family members. Participant may make such a beneficiary designation or certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. designee.3. Cessation of Service. Except as otherwise provided in Paragraph 4 or Paragraph 6 below, should Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award shall be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units. View More Arrow
Found in SJW GROUP contract
Limited Transferability. Prior to the actual issuance receipt of the Shares that which vest hereunder, the Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, any Any Shares which vest hereunder but which otherwise remain... unissued at the time of the Participant's death may be transferred pursuant to the provisions of the Participant's will or the laws of inheritance or to the Participant's designated beneficiary or 1 beneficiaries of this Award. The Participant may also direct the Corporation to issue re-issue the stock certificates for any Shares which in fact vest and become issuable hereunder under the Award during his or her lifetime to one or more designated Family Members family members or a trust established for the Participant and/or his or her Family Members. family members. The Participant may make such a beneficiary designation or certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. View More Arrow
Found in 2 Contracts from UNITED ONLINE INC
Limited Transferability. Prior to the actual issuance of the Shares that which vest hereunder, the Participant may not transfer any interest in the restricted stock units subject to the Award or the underlying Shares or pledge or otherwise hedge the sale of those units or Shares, including (without limitation) any short sale or any acquisition or disposition of any put or call option or other instrument tied to the value of those Shares. However, Shares; provided, however, any Shares which vest hereunder but which... otherwise remain unissued at the time of the Participant's death may be transferred pursuant to the provisions of the Participant's will or the laws of inheritance or to the Participant's designated beneficiary or 1 beneficiaries of this Award. The Participant may also direct the Corporation to issue the stock certificates for any Shares which in fact vest and become issuable hereunder to one or more designated Family Members or a trust established for the Participant and/or his or her Family Members. The Participant may make such a beneficiary designation or certificate directive for this Award at any time by filing the appropriate form with the Plan Administrator or its designee. View More Arrow
Found in SANGAMO THERAPEUTICS, INC contract