Restrictions Clause Example from Business Contracts

This example Restrictions clause appears in 2 contracts from 1 company

Restrictions. The Phantom Units granted hereunder may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of or encumbered, and shall be subject to a risk of forfeiture until any additional requirements or restrictions contained in this Phantom Unit Agreement have been otherwise satisfied, terminated or expressly waived by the Company in writing.