Transferability Clause Example from Business Contracts

This example Transferability clause appears in 5 contracts from 2 companies

Transferability. The RSUs are not transferable unless and until the Shares have been delivered to the Recipient in settlement of the RSUs in accordance with this Agreement, otherwise than by will or under the applicable laws of descent and distribution. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Recipient. Except as otherwise permitted pursuant to the first sentence of this Section, any attempt to effect a Transfer of any RSUs prior to... the date on which the Shares have been delivered to the Recipient in settlement of the RSUs shall be void ab initio. For purposes of this Agreement, "Transfer" shall mean any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy or attachment. View More Arrow
Found in LifePoint Health contract
LifePoint Health Contracts

LifePoint Health, Inc. 2013 Long-Term Incentive Plan Performance-Based RSU Award Agreement (Filed With SEC on July 27, 2018)

LifePoint Hospitals, Inc. Director Restricted Stock Unit Award Agreement under 2013 Long-Term Incentive Plan (Filed With SEC on October 25, 2013)

LifePoint Hospitals, Inc. 2013 Long-Term Incentive Plan Performance-Based Restricted Stock Unit Agreement (Filed With SEC on October 25, 2013)

Element Solutions Inc Contracts

Platform Specialty Products Corporation Restricted Stock Unit Agreement under 2013 Incentive Compensation Plan (Filed With SEC on August 6, 2014)

Platform Specialty Products Corporation Restricted Stock Unit Agreement under 2013 Incentive Compensation Plan (Filed With SEC on April 6, 2015)