Transfer Restrictions Clause Example with 33 Variations from Business Contracts

This page contains Transfer Restrictions 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.
Transfer Restrictions. Prior to the time that shares of Common Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section 5. For example, you may not use shares that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions on transfer set forth herein will lapse upon delivery to you of shares in respect of your vested Restricted Stock Units. ...(a) Death. Your Award is transferable by will and by the laws of descent and distribution. At your death, vesting of your Award will cease and your executor or administrator of your estate shall be entitled to receive, on behalf of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your right to receive the distribution of Common Stock or other consideration hereunder, pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. View More

Variations of a "Transfer Restrictions" Clause from Business Contracts

Transfer Restrictions. Prior to the time that the shares of Common Stock subject to your Award have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award such shares of Common Stock or of the shares issuable in respect of your Award, except as expressly provided in this Section 5. RSUs. For example, you may not use shares of Common Stock that may be issued in respect of your Restricted Stock Units RSUs as security for a loan. The restrictions loan, nor may you transfer, pledge, s...ell or otherwise dispose of such shares of Common Stock. This restriction on transfer set forth herein will lapse upon delivery to you of shares of Common Stock in respect of your vested Restricted Stock Units. (a) Death. RSUs. Your Award is transferable not transferable, except by will and or by the laws of descent and distribution. At your death, vesting of your Award will cease and your executor or administrator of your estate shall be entitled Notwithstanding the foregoing, by delivering written notice to receive, on behalf of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by Company, in a form satisfactory to the Company, you may transfer designate a third party who, in the event of your right death, shall thereafter be entitled to receive the any distribution of shares of Common Stock or other consideration hereunder, in respect of vested RSUs pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. Agreement. View More
Transfer Restrictions. Prior to the time that the shares of Common Stock subject to your Award have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section 5. such shares. For example, you may not use shares of Common Stock that may be issued in respect of your Restricted Stock Units RSUs as security for a loan. The restrictions loan, nor may you transfer, pledge, sell or otherwise dispose... of such shares. This restriction on transfer set forth herein will lapse upon delivery to you of shares of Common Stock in respect of your 2 vested Restricted Stock Units. (a) Death. RSUs. Your Award is transferable not transferable, except by will and or by the laws of descent and distribution. At your death, vesting of your Award will cease and your executor or administrator of your estate shall be entitled Notwithstanding the foregoing, by delivering written notice to receive, on behalf of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by Company, in a form satisfactory to the Company, you may transfer designate a third party who, in the event of your right death, shall thereafter be entitled to receive the any distribution of shares of Common Stock or other consideration hereunder, in respect of vested RSUs pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. Agreement. View More
Transfer Restrictions. Prior to the time that shares of Common Stock they have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of Common Stock underlying your Award, except as expressly provided in this Section 5. Units. For example, you may not use shares that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions This restriction on transfer set forth herein will lapse upon delivery to you of shar...es of Common Stock in respect of your vested Restricted Stock Units. (a) Death. Your Award is transferable not transferable, except by will and or by the laws of descent and distribution. At Notwithstanding the foregoing, you may, by delivering written notice to the Company, in a form satisfactory to the Company, designate a third party who, in the event of your death, vesting of your Award will cease and your executor or administrator of your estate shall thereafter be entitled to receive, on behalf receive any distribution 2 of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your right to receive the distribution shares of Common Stock or other consideration hereunder, in respect of vested Units pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Restricted Stock Unit Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. Agreement. View More
Transfer Restrictions. Prior to the time that shares of Common Stock they have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of Common Stock underlying your Award, except as expressly provided in this Section 5. Units. For example, you may not use shares that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions This restriction on transfer set forth herein will lapse upon delivery to you of shar...es of Common Stock in respect of your vested Restricted Stock Units. (a) Death. Your Award is transferable not transferable, except by will and or by the laws of descent and distribution. At Notwithstanding the foregoing, you may, by delivering written notice to the Company, in a form satisfactory to the Company, designate a third party who, in the event of your death, vesting of your Award will cease and your executor or administrator of your estate shall thereafter be entitled to receive, on behalf receive any distribution of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your right to receive the distribution shares of Common Stock or other consideration hereunder, in respect of vested Units pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Restricted Stock Unit Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. Agreement. View More
Transfer Restrictions. Prior to the time that shares of Common Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section 5. Award. For example, you may not use shares that may be issued in respect of your Restricted Stock Units PRSUs as security for a loan. The restrictions on transfer set forth herein will lapse upon delivery to you of shares in respect of your vested Restricted ...Stock Units. (a) Death. Your PRSUs. Notwithstanding the foregoing, your Award is transferable by will and by the laws of descent and distribution. At your death, vesting of your Award will cease and your executor or administrator of your estate shall be entitled to receive, on behalf of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your right to receive the distribution of Common Stock or other consideration hereunder, pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. View More
Transfer Restrictions. Prior to the time that the shares of Common Stock subject to your Award have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section 5. such shares. For example, you may not use shares of Common Stock that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions loan, nor may you transfer, pledge, sell or otherwise dispose of s...uch shares. This restriction on transfer set forth herein will lapse upon delivery to you of shares of Common Stock in respect of your vested Restricted Stock Units. (a) Death. Your Award is transferable not transferable, except by will and or by the laws of descent and distribution. At your death, vesting of your Award will cease and your executor or administrator of your estate shall be entitled Notwithstanding the foregoing, by delivering written notice to receive, on behalf of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by Company, in a form satisfactory to the Company, you may transfer designate a third party who, in the event of your right death, shall thereafter be entitled to receive the any distribution of shares of Common Stock or other consideration hereunder, in respect of vested Restricted Stock Units pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. Agreement. View More
Transfer Restrictions. Prior to the time that shares of Common Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section 5. For example, you may not use shares that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions on transfer set forth herein will lapse upon delivery to you of shares in respect of your vested Restricted Stock Units. ...(a) Death. (a)Death. Your Award is only transferable to your personal representative on your death and is exercisable only by will and by the laws of descent and distribution. your personal representative after your death. At your death, vesting of your Award will cease and your executor or administrator of your estate personal representative shall be entitled to receive, on behalf of your estate, any Common Stock Shares or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your right to receive the distribution of Common Stock or other consideration hereunder, pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. View More
Transfer Restrictions. Prior to the time that shares of Common Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section 5. Award. For example, you may not use shares that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions loan, nor may you transfer, pledge, sell or otherwise 2 dispose of such shares. This restriction on transfer set f...orth herein will lapse upon delivery to you of shares in respect of your vested Restricted Stock Units. (a) Death. Your Award is transferable not transferable, except by will and or by the laws of descent and distribution. At your death, vesting of your Award will cease and your executor or administrator of your estate shall be entitled Notwithstanding the foregoing, by delivering written notice to receive, on behalf of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by Company, in a form satisfactory to the Company, you may transfer designate a third party who, in the event of your right death, will thereafter be entitled to receive the any distribution of Common Stock or other consideration hereunder, pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. Agreement. View More
Transfer Restrictions. Prior to the time that shares of Common Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section 5. For example, you may not use shares that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions on transfer set forth herein will lapse upon delivery to you of shares in respect of your vested Restricted Stock Units. ...(a) Death. Your Award is transferable by will and by the laws of descent and distribution. At your death, vesting of your Award will cease and your executor or administrator of your estate shall be entitled to receive, on behalf of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by the Company, you may transfer your right to receive the distribution of Common Stock or other consideration hereunder, pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. View More
Transfer Restrictions. Prior to the time that shares of Common Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares issuable in respect of your Award, except as expressly provided in this Section 5. Award. For example, you may not use shares that may be issued in respect of your Restricted Stock Units as security for a loan. The restrictions loan, nor may you transfer, pledge, sell or otherwise dispose of such shares. This restriction on transfer set for...th herein will lapse upon delivery to you of shares in respect of your vested Restricted Stock Units. (a) Death. Your Award is transferable not transferable, except by will and or by the laws of descent and distribution. At your death, vesting of your Award will cease and your executor or administrator of your estate shall be entitled Notwithstanding the foregoing, by delivering written notice to receive, on behalf of your estate, any Common Stock or other consideration that vested but was not issued before your death. (b) Domestic Relations Orders. Upon receiving written permission from the Board or its duly authorized designee, and provided that you and the designated transferee enter into transfer and other agreements required by Company, in a form satisfactory to the Company, you may transfer designate a third party who, in the event of your right death, shall thereafter be entitled to receive the any distribution of Common Stock or other consideration hereunder, to which you were entitled at the time of your death pursuant to a domestic relations order, marital settlement agreement or other divorce or separation instrument as permitted by applicable law that contains the information required by the Company to effectuate the transfer. You are encouraged to discuss the proposed terms of any division of this Award with the Company General Counsel prior to finalizing the domestic relations order or marital settlement agreement to verify that you may make such transfer, and if so, to help ensure the required information is contained within the domestic relations order or marital settlement agreement. Agreement. View More