Restrictions on Transfer Clause Example with 17 Variations from Business Contracts

Restrictions on Transfer. (a) The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively "transfer") any Shares, shares of Restricted Stock, or any interest therein, that are unvested, until such shares of Restricted Stock have vested, except that the Participant may transfer such Shares (i) shares of Restricted Stock: (a) to or for 4 the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and any other relativ...es approved by the Board of Directors Compensation Committee (collectively, "Approved Relatives") or to a trust established solely for the benefit of the Participant and/or Approved Relatives, provided that such Shares Restricted Stock shall remain subject to this Agreement (including (including, without limitation limitation, the forfeiture provisions set forth in Section 3 hereof and the restrictions on transfer set forth in this Section 3) 4) and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement, Agreement; or (ii) (b) as part of the sale of all or substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation. (b) consolidation). The Company shall not be required (i) to transfer on its books any of the Shares shares of Restricted Stock which have been transferred in violation of any of the provisions set forth in of this Agreement Agreement, or (ii) to treat as owner of such Shares shares of Restricted Stock or to pay dividends to any transferee to whom such Shares shares of Restricted Stock have been transferred in violation of any of the provisions of this Agreement. View More

Restrictions on Transfer. (a) The Participant Recipient shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively "transfer") any Restricted Shares, or any interest therein, that are unvested, until such Restricted Shares have vested, except that the Participant Recipient may transfer such Shares (i) Restricted Shares: (a) to or for 4 the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and any other relatives approved by ...the Board of Directors Compensation Committee (collectively, "Approved Relatives") or to a trust established solely for the benefit of the Participant Recipient and/or Approved Relatives, provided that such Restricted Shares shall remain subject to this Agreement (including without limitation the forfeiture provisions set forth in Section 4 and the restrictions on transfer set forth in this Section 3) 5) and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement, Agreement; or (ii) (b) as part of the sale of all or substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation. (b) consolidation). The Company shall not be required (i) to transfer on its books any of the Restricted Shares which have been transferred in violation of any of the provisions set forth in of this Agreement or (ii) to treat as owner of such Restricted Shares or to pay dividends to any transferee to whom such Restricted Shares have been transferred in violation of any of the provisions of this Agreement. View More

Restrictions on Transfer. (a) The Participant Recipient shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively "transfer") any Restricted Shares, or any interest therein, that are unvested, until such Restricted Shares have vested, except that the Participant Recipient may transfer such Shares (i) Restricted Shares: (a) to or for 4 the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and any other relatives approved by ...the Board of Directors Compensation Committee (collectively, "Approved Relatives") or to a trust established solely for the benefit of the Participant Recipient and/or Approved Relatives, provided that such Restricted Shares shall remain subject to this Agreement (including without limitation the forfeiture provisions set forth in Section 3 and the restrictions on transfer set forth in this Section 3) 4) and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement, Agreement; or (ii) (b) as part of the sale of all or substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation. (b) consolidation). The Company shall not be required (i) to transfer on its books any of the Restricted Shares which have been transferred in violation of any of the provisions set forth in of this Agreement or (ii) to treat as owner of such Restricted Shares or to pay dividends to any transferee to whom such Restricted Shares have been transferred in violation of any of the provisions of this Agreement. View More

Restrictions on Transfer. (a) The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively "transfer") "Transfer") any Shares, or any interest therein, that are unvested, subject to the Purchase Option, except that the Participant may transfer Transfer such Shares (i) to or for 4 the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and any other relatives approved by the Board of Directors (collectively, "Appr...oved Relatives") or to a trust established solely for the benefit of the Participant and/or Approved Relatives, provided that such Shares shall remain subject to this Agreement (including without limitation the restrictions on transfer Transfer set forth in this Section 3) 4, the Purchase Option and the right of first refusal set forth in Section 5) and such permitted transferee shall, as a condition to such transfer, Transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement, Agreement or (ii) subject to Section 9(b) hereof, as part of the sale of all or substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation. consolidation), provided that, in accordance with the Plan, the securities or other property received by the Participant in connection with such transaction shall remain subject to this Agreement. (b) The Participant shall not Transfer any Shares, or any interest therein, that are no longer subject to the Purchase Option, except in accordance with Section 5 below. (c) The Company shall not be required (i) (1) to transfer Transfer on its books any of the Shares which shall have been transferred sold or Transferred in violation of any of the provisions set forth in this Agreement or (ii) the Company's Bylaws, or (2) to treat as owner of such Shares or to pay dividends to any transferee to whom any such Shares shall have been transferred in violation of any of the provisions of this Agreement. so sold or Transferred. View More

Restrictions on Transfer. (a) The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively "transfer") any Shares, or any interest therein, that are unvested, would be Unvested Shares if the Participant were to cease to serve as a Director of the Company at the time of the transfer, except that the Participant may transfer such Shares (i) to or for 4 the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and any... other relatives approved by the Board of Directors (collectively, "Approved Relatives") or to a trust established solely for the benefit of the Participant and/or Approved Relatives, provided that such Shares shall remain subject to this Agreement (including without limitation the forfeiture provisions of Section 2 and the restrictions on transfer set forth in this Section 3) and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement, Agreement or (ii) as part of the sale of all or substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation. (b) The Company consolidation), provided that, in accordance with the Plan, the securities or other property received by the Participant in connection with such transaction shall not be required (i) remain subject to transfer on its books any of the Shares which have been transferred in violation of any of the provisions set forth in this Agreement or (ii) to treat as owner of such Shares or to pay dividends to any transferee to whom such Shares have been transferred in violation of any of the provisions of this Agreement. View More

Restrictions on Transfer. (a) The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively "transfer") any Restricted Shares, or any interest therein, that are unvested, until such Restricted Shares have vested, except that the Participant may transfer such Shares (i) Restricted Shares: (a) to or for 4 the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and any other relatives approved by the Board of Directo...rs Compensation Committee (collectively, "Approved Relatives") or to a trust established solely for the benefit of the Participant and/or Approved Relatives, provided that such Restricted Shares shall remain subject to this Agreement (including without limitation the forfeiture provisions set forth in Section 3 and the restrictions on transfer set forth in this Section 3) 4) and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement, Agreement; or (ii) (b) as part of the sale of all or substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation. (b) consolidation). The Company shall not be required (i) to transfer on its books any of the Restricted Shares which have been transferred in violation of any of the provisions set forth in of this Agreement or (ii) to treat as owner of such Restricted Shares or to pay dividends to any transferee to whom such Restricted Shares have been transferred in violation of any of the provisions of this Agreement. View More

Restrictions on Transfer. (a) The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise (collectively "transfer") any Shares, or any interest therein, that are unvested, except that the Participant may transfer such Shares (i) to or for 4 the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and any other relatives approved by the Board of Directors (collectively, "Approved Relatives") or to a trust established solely for... the benefit of the Participant and/or Approved Relatives, provided that such Shares shall remain subject to this Agreement (including without limitation the restrictions on transfer set forth in this Section 3) and such permitted transferee shall, as a condition to such transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Agreement, or (ii) as part of the sale of all or 4ActiveUS 184749632v.1 substantially all of the shares of capital stock of the Company (including pursuant to a merger or consolidation. (b) The Company shall not be required (i) to transfer on its books any of the Shares which have been transferred in violation of any of the provisions set forth in this Agreement or (ii) to treat as owner of such Shares or to pay dividends to any transferee to whom such Shares have been transferred in violation of any of the provisions of this Agreement. View More