Transfer Restrictions Clause Example from Business Contracts

This example Transfer Restrictions clause appears in 2 contracts from 1 company

Transfer Restrictions. Participant shall not transfer, assign, sell, encumber, pledge, grant a security interest in or otherwise dispose of the Performance Restricted Stock Units subject to this Agreement in any manner other than by the laws of descent or distribution. Any such transfer, assignment, sale, encumbrance, pledge, security interest or disposition shall be void and shall result in the automatic termination of the Performance Restricted Stock Units and this Agreement.
Found in Nu Skin Enterprises contract
Nu Skin Enterprises Contracts

NU SKIN ENTERPRISES, INC. AMENDED AND RESTATED 2010 OMNIBUS INCENTIVE PLAN PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT (Filed With SEC on February 27, 2017)

NU SKIN ENTERPRISES, INC. SECOND AMENDED AND RESTATED 2010 OMNIBUS INCENTIVE PLAN PERFORMANCE RESTRICTED STOCK UNIT AGREEMENT (Filed With SEC on February 27, 2017)