Restrictions on Transfer Clause Example from Business Contracts

This example Restrictions on Transfer clause appears in 2 contracts from 2 companies

Restrictions on Transfer. The Shares of Performance Based Restricted Stock issued under this Agreement may not be sold, transferred or otherwise disposed of and may not be pledged or otherwise hypothecated until the Restricted Period (as defined in Section 3) has expired and all restrictions on such Performance Based Restricted Stock shall have lapsed in the manner provided in Section 3, 4 or 5 hereof.
Found in Community Health Systems, Inc. contract
Community Health Systems, Inc. Contracts

Form of Performance Based Restricted Stock Award Agreement (Senior Officers) for Community Health Systems, Inc. 2009 Stock Option and Award Plan (for awards granted on or after... (Filed With SEC on April 28, 2022)

Quorum Health Corporation Contracts

Form of Inducement Award Performance-Based Restricted Stock Award Agreement (Filed With SEC on September 28, 2018)