Restrictions Applicable to Units Clause Example with Variations from Business Contracts

This page contains Restrictions Applicable to Units 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.
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to this Award immediately... prior to its transfer. Any attempted transfer in violation of this Section 2 shall be void and without effect. The Units and your right to receive Shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 5 until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in LCI Industries contract

Variations of a "Restrictions Applicable to Units" Clause from Business Contracts

Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, encumbered other than a transfer upon your death in accordance with your will, by will or the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to this... Award immediately prior to its transfer. distribution. Any attempted transfer in violation of this Section 2 shall be void and without effect. ineffective. The Units and your right to receive Shares in settlement of the any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section Sections 4 and 5. until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in DATALINK CORP contract
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, encumbered other than a transfer upon your death in accordance with your will, by will or the laws law of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to... this Award immediately prior to its transfer. distribution. Any attempted transfer in violation of this Section 2 shall be void and without effect. The Units and your right to receive Shares in settlement of the any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section Sections 4 and 5. until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in 3 Contracts from TACTILE SYSTEMS TECHNOLOGY INC
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, encumbered other than a transfer upon your death in accordance with your will, by will or the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to this... Award immediately prior to its transfer. distribution. Any attempted transfer in violation of this Section 2 shall will be void and without effect. ineffective. The Units and your right to receive Shares in settlement of the Units under this Agreement shall be are subject to forfeiture except to extent the Units have vested as provided in Section 5 until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in 2 Contracts from Polaris Industries Inc
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, encumbered other than a transfer upon your death in accordance with your will, by will or the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to this... Award immediately prior to its transfer. distribution. Any attempted transfer in violation of this Section 2 shall be void and without effect. ineffective. The Units and your right to receive Shares in settlement of the Units under this Agreement shall be subject to forfeiture except to extent the Units have vested as provided in Section 5 until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in 2 Contracts from Polaris Industries Inc
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than a transfer upon your death in accordance with your will, will or by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. distribution. Following any such transfer, this Award shall continue to be subject to the same terms and conditions that were applicable to... this Award immediately prior to its transfer. transfer, including the forfeiture provisions of Section 5, which apply to the original Participant and not any transferee. Any attempted transfer in violation of this Section 2 shall be void and without effect. The Units and your right to receive Shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 5 until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in Surmodics, Inc. contract
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than (i) a transfer upon your death in accordance with your will, will or by the laws of descent and distribution distribution, or (ii) pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. domestic relations order. Following any such transfer, this Award shall continue to be subject to the same terms and... conditions that were applicable to this the Award immediately prior to its transfer. Any attempted transfer in violation of this Section 2 shall be void and without effect. The Units and your right to receive Shares in settlement of the any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section Sections 4 and 5. until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in Surmodics, Inc. contract
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, encumbered other than a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Following any such transfer, this Award the Units shall continue to be subject to the same terms and conditions that were applicable to ... class="diff-color-red">this Award the Units immediately prior to its their transfer. Any attempted transfer in violation of this Section 2 shall be void and without effect. ineffective. The Units and your right to receive Shares in settlement of the any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section Sections 4 and 5. until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in 2 Contracts from Proto Labs, Inc.
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than (i) a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Plan, or (ii) pursuant to a domestic relations order. Following any such transfer, this Award shall continue to be subject to the same terms and... conditions that were applicable to this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 2 shall be void and without effect. The Units and your right to receive Shares in settlement of the any Units under this Agreement shall be subject to forfeiture except to the extent the Units have been achieved and thereafter vest as provided in Section Sections 4 and 5. until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in STERICYCLE INC contract
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than (i) a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Plan, or (ii) pursuant to a domestic relations order. Following any such transfer, this Award shall continue to be subject to the same terms and... conditions that were applicable to this Award immediately prior to its transfer. Any attempted transfer in violation of this Section 2 shall be void and without effect. The Units and your right to receive Shares in settlement of the Units under this Agreement shall be subject to forfeiture as provided in Section 5 until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in AUDIOEYE INC contract
Restrictions Applicable to Units. Neither this Award nor the Units subject to this Award may be sold, assigned, transferred, exchanged or encumbered, voluntarily or involuntarily, other than (i) a transfer upon your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted in accordance with Section 6(d) of the Plan. Plan, or (ii) pursuant to a domestic relations order. Following any such transfer, this Award shall continue to be subject to the same terms and... conditions that were applicable to this the Award immediately prior to its transfer. Any attempted transfer in violation of this Section 2 shall be void and without effect. The Units and your right to receive Shares in settlement of the any Units under this Agreement shall be subject to forfeiture except to extent the Units have been earned and thereafter vest as provided in Section Sections 4 and 5. until satisfaction of the vesting conditions set forth in Section 4. View More Arrow
Found in 2 Contracts from AUDIOEYE INC