Non-Assignability Clause Example with 8 Variations from Business Contracts

This page contains Non-Assignability 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.
Non-Assignability. The Restricted Share Units and the Common Shares subject to this grant of Restricted Share Units are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units and Common Shares may be transferred by will or pursuant to the laws of descent and distribution or pursuant to a d...omestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). Any purported transfer or encumbrance in violation of the provisions of this Section 10, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units or Common Shares. View More
Found in ACI Worldwide contract

Variations of a "Non-Assignability" Clause from Business Contracts

Non-Assignability. The Restricted Share Units Performance Shares and the Common Shares subject to this grant of Restricted Share Units Performance Shares are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested earned as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units Performance Shares and Common Shares may be transferred by will or pur...suant to the laws of descent and distribution or pursuant to a domestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). Any purported transfer or encumbrance in violation of the provisions of this Section 10, 11, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units Performance Shares or Common Shares. 5 12. Adjustments. In the event of any change in the number of Common Shares by reason of a merger, consolidation, reorganization, recapitalization, or similar transaction, or in the event of a stock dividend, stock split, or distribution to shareholders (other than normal cash dividends), the Committee shall adjust the number and class of shares subject to outstanding Performance Shares and other value determinations applicable to outstanding Performance Shares. No adjustment provided for in this Section 12 shall require the Corporation to issue any fractional share. View More
Found in ACI Worldwide contract
Non-Assignability. The Performance-Based Restricted Share Units and the Common Shares subject to this grant of Restricted Share Units are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested the Restricted Period expires or terminates as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Performance-Based Restricted Share Units and Common Shares may be transferre...d by will or pursuant to the laws of descent and distribution or pursuant to a domestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). distribution. Any purported transfer or encumbrance in violation of the provisions of this Section 10, 18 shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Performance-Based Restricted Share Units or Common Shares. View More
Found in ACI Worldwide contract
Non-Assignability. The Restricted Share Units Performance Shares and the Common Shares subject to this grant of Restricted Share Units Performance Shares are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested earned as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units Performance Shares and Common Shares may be transferred by will or pur...suant to the laws of descent and distribution or pursuant to a domestic relations order (within the meaning Page 4 of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). Any purported transfer or encumbrance in violation of the provisions of this Section 10, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units Performance Shares or Common Shares. View More
Found in ACI Worldwide contract
Non-Assignability. The Restricted Share Units Performance Shares and the Common Shares subject to this grant of Restricted Share Units Performance Shares are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested earned as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units Page 4 US Participant Performance Shares and Common Shares may be tran...sferred by will or pursuant to the laws of descent and distribution or pursuant to a domestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). Any purported transfer or encumbrance in violation of the provisions of this Section 10, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units Performance Shares or Common Shares. View More
Found in ACI Worldwide contract
Non-Assignability. The Restricted Share Units Performance Shares and the Common Shares subject to this grant of Restricted Share Units Performance Shares are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested earned as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units Performance Shares and Common Shares may be transferred by will or pur...suant to the laws of descent and distribution or pursuant to a domestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). Any purported transfer or encumbrance in violation of the provisions of this Section 10, 11, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units Performance Shares or Common Shares. View More
Found in ACI Worldwide contract
Non-Assignability. The Restricted Share Units and the Common Shares subject to this grant of Restricted Share Units are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested the Restricted Period expires or terminates as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units and Common Shares may be transferred by will or pursuant to the laws of... descent and distribution or pursuant to a domestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). distribution. Any purported transfer or encumbrance in violation of the provisions of this Section 10, 14, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units or Common Shares. View More
Found in 3 Contracts from ACI Worldwide
Non-Assignability. The Restricted Share Units and the Common Shares subject to this grant of Restricted Share Units are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested the Restricted Period expires or terminates as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units and Common Shares may be transferred by will or pursuant to the laws of... descent and distribution or pursuant to a domestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). distribution. Any purported transfer or encumbrance in violation of the provisions of this Section 10, 8, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units or Common Shares. View More
Found in 2 Contracts from ACI Worldwide
Non-Assignability. The Restricted Share Units Performance Shares and the Common Shares subject to this grant of Restricted Share Units Performance Shares are personal to the Grantee and may not be sold, exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee until they become vested earned as provided in this Agreement; provided, however, that the Grantee's rights with respect to such Restricted Share Units Performance Shares and Common Shares may be transferred by will or pur...suant to the laws of descent and distribution or pursuant to a domestic relations order (within the meaning of Rule 16a-12 under the Securities Exchange Act of 1934, as amended). Any purported transfer or encumbrance in violation of the provisions of this Section 10, shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Share Units Performance Shares or Common Shares. View More
Found in 2 Contracts from ACI Worldwide