Transferability Clause Example from Business Contracts

This example Transferability clause appears in 5 contracts from 1 company

Transferability. The RSUs subject to this Award may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered before they vest in accordance with Section 2. After such RSUs vest and are settled in accordance with Sections 2 and 4, no sale or disposition of such shares shall be made in the absence of an effective registration statement under the Exchange Act with respect to such shares unless an opinion of counsel satisfactory to the Company that such sale or disposition will not... constitute a violation of the Exchange Act or any other applicable securities laws is first obtained. View More Arrow