Transfer Restrictions Clause Example from Business Contracts

This example Transfer Restrictions clause appears in 6 contracts from 1 company

Transfer Restrictions. Except as expressly provided herein, this Award and the restricted shares of Common Stock issued with respect to this Award are non-transferable otherwise than by will or by the laws of descent and distribution, and may not otherwise be assigned, pledged or hypothecated or otherwise disposed of and shall not be subject to execution, attachment or similar process. Upon any attempt to effect any such disposition, or upon the levy of any such process, this Award shall immediately become null and vo...id and the restricted shares of Common Stock relating thereto shall be forfeited. View More