Restrictions on Transfer of Restricted Shares. Subject to Section 15 of the Plan, the Restricted Shares shall not be transferable prior to Vesting pursuant to Section 3 hereof other than by will or pursuant to the laws of descent and distribution. Any purported transfer or encumbrance in violation of the provisions of this Section shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Shares.
Appears in 4 contracts
Sources: Director Restricted Stock Award Agreement, Employee Restricted Stock Award Agreement, Employee Restricted Stock Award Agreement (Gray Television Inc)
Restrictions on Transfer of Restricted Shares. Subject to Section 15 of the Plan, the Restricted Shares shall not be transferable prior to Vesting (as defined below) pursuant to Section 3 4 hereof other than by will or pursuant to the laws of descent and distribution. Any purported transfer or encumbrance in violation of the provisions of this Section 3 shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Shares.
Appears in 2 contracts
Sources: Employee Restricted Stock Award (Shiloh Industries Inc), Director Restricted Stock Award (Shiloh Industries Inc)
Restrictions on Transfer of Restricted Shares. Subject to Section 15 of the Plan, the The Restricted Shares shall not be transferable prior to Vesting (as defined below) pursuant to Section 3 hereof other than by will or pursuant to the laws of descent and distribution. Any purported transfer or encumbrance in violation of the provisions of this Section 2 shall be void, and the other party to any such purported transaction shall not obtain any rights to or interest in such Restricted Shares.
Appears in 1 contract
Sources: Restricted Stock Agreement (Roth CH Acquisition I Co. Parent Corp.)