Common use of Restrictions Generally Clause in Contracts

Restrictions Generally. Until they expire in accordance with Section 2(d) or 2(e), the following restrictions (the “Restrictions”) shall apply to the Restricted Stock: (i) Grantee shall have no right to sell, transfer, assign, pledge, or otherwise encumber or dispose of the Restricted Stock (except for transfers and forfeitures to the Company); and (ii) the Restricted Stock shall be subject to a risk of forfeiture as set forth in Section 2(c).

Appears in 2 contracts

Sources: Restricted Stock Agreement (Chordiant Software Inc), Restricted Stock Agreement (Chordiant Software Inc)

Restrictions Generally. Until they expire in accordance with Section 2(d) or 2(e), the following restrictions (the "Restrictions") shall apply to the Restricted Stock: (i) Stock Grantee shall have no right to sell, transfer, assign, pledge, or otherwise encumber or dispose of the Restricted Stock (except for transfers and forfeitures to the Company); and (ii) and the Restricted Stock shall be subject to a risk of forfeiture as set forth in Section 2(c).

Appears in 1 contract

Sources: Restricted Stock Agreement (Chordiant Software Inc)