Common use of Transfer of RSUs Clause in Contracts

Transfer of RSUs. Unless permitted by the Administrator, RSUs or any interest or right therein or part thereof shall not be liable for the debts, contracts or engagements of Employee or his or her successors in interest and shall not be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law or by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3 shall not apply to shares of Common Stock delivered with respect to vested RSUs and shall not prevent transfers by will or by applicable laws of descent and distribution. In the case of a permitted transfer of RSUs, the transferee or other recipient shall receive and hold the RSUs so transferred subject to the provisions of this Agreement, and there shall be no further transfer of such RSUs except in accordance with the terms of this Section 3. Any transferee shall acknowledge the same by signing a copy of this Agreement. Transfer or sale of the RSUs and any shares of Common Stock delivered in connection therewith is subject to restrictions on transfer imposed by any applicable state and federal securities laws. The Unvested RSUs will be held in book entry form by the Company’s Stock Transfer Agent. As RSUs vest, the Transfer Agent will be given instructions to issue a certificate to Employee or the approved transferee for the shares of Common Stock delivered in connection therewith.

Transfer of RSUs. Unless permitted by the Administrator, RSUs or any interest or right therein or part thereof shall not be liable for the debts, contracts or engagements of Employee or his or her successors in interest and shall not be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law or by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 3 shall not apply to shares Shares of Common Stock delivered with respect to vested RSUs and shall not prevent transfers by will or by applicable laws of descent and distribution. In the case of a permitted transfer of RSUs, the transferee or other recipient shall receive and hold the RSUs so transferred subject to the provisions of this Agreement, and there shall be no further transfer of such RSUs except in accordance with the terms of this Section 3. Any transferee shall acknowledge the same by signing a copy of this Agreement. Transfer or sale of the RSUs and any shares of Common Stock delivered in connection therewith herewith is subject to restrictions on transfer imposed by any applicable state and federal securities laws. The Unvested RSUs will be held in book entry form by the Company’s Stock Transfer Agent. As RSUs vest, the Transfer Agent will be given instructions to issue a certificate to Employee or the approved transferee for the shares Shares of Common Stock delivered in connection therewith.