Restrictions Clause Example from Business Contracts

Restrictions. (a)You will have no rights or privileges of a Stockholder as to the RSUs before settlement under Section 5 below ("Settlement"), including no right to vote or receive dividends or other distributions; in addition, the following provisions will apply: (i)you will not be entitled to delivery of any Share certificates for the RSUs until Settlement (if at all), and upon the satisfaction of all other terms; (ii)you may not sell, transfer (other than by will or the laws of descent and distribution), a...ssign, pledge, or otherwise encumber or dispose of the RSUs before Settlement; and (iii)you will forfeit all of the RSUs and all of your rights under the RSUs will terminate in their entirety on the terms set forth in Section 4 below. (b)Any attempt to dispose of RSUs or any interest in the RSUs in a manner contrary to the restrictions set forth in this Agreement will be void and of no effect. View More