Transfer Restrictions Clause Example from Business Contracts

Transfer Restrictions. Except as otherwise set forth in this Agreement or the Plan, RS Units may not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, disposed of or encumbered. Any such attempted sale, assignment, pledge, exchange, hypothecation, transfer, disposition or encumbrance in violation of this Agreement shall be void and the Company shall not be bound thereby. Further, the Common Stock granted hereby that is no longer subject to Forfeiture Restrictions may not be sold or otherwis...e disposed of in any manner that would constitute a violation of any applicable federal or state securities laws, and the Employee agrees (a) that the Company may refuse to cause the transfer of the Common Stock to be registered on the applicable stock transfer records if such proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of any applicable securities law and (b) that the Company may give related instructions to the transfer agent, if any, to stop registration of the transfer of the Common Stock. View More