Prohibitions on Transfer Contract Clauses (10)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Prohibitions on Transfer clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Prohibitions on Transfer. This Award (including any additional RSUs received by the Participant as a result of stock dividends, stock splits or any other similar transaction affecting the Company's securities without receipt of consideration) shall not be transferable by the Participant otherwise than (i) by will or by the laws of descent and distribution, or (ii) pursuant to a qualified domestic relations order as defined by the Code or Title I of the Employee Retirement Income Security Act or the rules thereunder. Exce...pt as provided above in this Section 3, the Shares to be issued pursuant to this Award shall be issued during the Participant's lifetime only to the Participant (or, in the event of legal incapacity or incompetency, to the Participant's guardian or representative). This Award shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of this Award or of any rights granted hereunder contrary to the provisions of this Section 3, or the levy of any attachment or similar process upon this Award shall be null and void. View More
Found in INTERCEPT PHARMACEUTICALS, INC. contract
Prohibitions on Transfer. This Award (including any additional RSUs received by the Participant as a result of stock dividends, stock splits or any other similar transaction affecting the Company's securities without receipt of consideration) Option shall not be transferable by the Participant otherwise than (i) by will or by the laws of descent and distribution, or (ii) distribution. If this Option is a Non-Qualified Option then it may also be transferred pursuant to a qualified domestic relations order as defined by th...e Code or Title I of the Employee Retirement Income Security Act or the rules thereunder. Except as provided above in this Section 3, the Shares to be issued pursuant to 5, this Award Option shall be issued exercisable during the Participant's lifetime only to by the Participant (or, in the event of legal incapacity or incompetency, to by the Participant's guardian or representative). This Award representative) and shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of this Award Option or of any rights granted hereunder contrary to the provisions of this Section 3, 5, or the levy of any attachment or similar process upon this Award Option shall be null and void. View More
Found in INTERCEPT PHARMACEUTICALS, INC. contract
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