Common use of No Assignment by the Employee Clause in Contracts

No Assignment by the Employee. The Employee may not assign this Agreement or any part hereof. Any purported assignment by the Employee shall be null and void from the initial date of purported assignment. Furthermore, the rights and privileges conferred by the RSU Agreement may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of the restricted stock conferred in the RSU Agreement, or of any right or privilege conferred by the RSU Agreement, or upon any attempted sale under any execution, attachment or similar process, the unvested restricted stock conferred pursuant to the RSU Agreement and the rights and privileges conferred by the RSU Agreement immediately will become null and void.