Common use of Restriction on Transfer of Unvested Shares Clause in Contracts

Restriction on Transfer of Unvested Shares. The Director shall not transfer, assign, ▇▇▇▇▇ ▇ ▇▇▇▇ or security interest in, pledge, exchange, hypothecate, encumber or otherwise dispose of any of the Unvested Shares.

Appears in 2 contracts

Sources: Restricted Stock Agreement (Blackhawk Investors Ii L L C), Restricted Stock Agreement (Blackhawk Investors Ii L L C)