Common use of Violation Clause in Contracts

Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of this Agreement and shall be void and without effect.

Appears in 20 contracts

Sources: Nonqualified Stock Option Agreement (First Reliance Bancshares Inc), Nonqualified Stock Option Agreement (Collexis Holdings, Inc.), Non Qualified Stock Option Agreement (Habersham Bancorp)

Violation. Any transfer, pledge, sale, assignment, assignment or hypothecation of the Option or any portion thereof Shares except in accordance with this Agreement shall be a violation of the terms of this Agreement hereof and shall be void and without effect.

Appears in 12 contracts

Sources: Restricted Stock Agreement (Mid America Apartment Communities Inc), Restricted Stock Agreement (Mid America Apartment Communities Inc), Restricted Stock Agreement (Corrections Corp of America)

Violation. Any transfer, pledge, sale, assignment, assignment or hypothecation of the Option or any portion thereof except in accordance with this Agreement shall be a violation of the terms of this Agreement hereof and shall be void and without effect.

Appears in 10 contracts

Sources: Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Corrections Corp of America), Non Qualified Stock Option Agreement (Corrections Corp of America)

Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of this Agreement the Award or these Terms and Conditions and shall be void and without effect.

Appears in 5 contracts

Sources: Option Assumption Agreement (Alliance Bancshares Inc), Non Qualified Stock Option Award (Verilink Corp), Non Qualified Stock Option Award (Verilink Corp)

Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of this the Agreement or these Terms and Conditions and shall be void and without effect.

Appears in 4 contracts

Sources: Incentive Stock Option Agreement (Hughes Supply Inc), Incentive Stock Option Agreement (Hughes Supply Inc), Non Qualified Stock Option Agreement (Hughes Supply Inc)

Violation. Any Except as otherwise provided herein, any transfer, pledge, sale, assignment, or hypothecation of the Option Agreement or any portion thereof shall be a violation of the terms of this Agreement and shall be void and without effect.

Appears in 4 contracts

Sources: Restricted Units Award Agreement (Modiv Inc.), Restricted Units Award Agreement (Modiv Inc.), Restricted Units Award Agreement (Rw Holdings NNN Reit, Inc.)

Violation. Any transfer, pledge, sale, assignment, or hypothecation --------- of the Option Bonus Shares or any portion thereof (other than in strict compliance with this Agreement) shall be a violation of the terms of this Agreement and shall be void and without effect.

Appears in 3 contracts

Sources: Employment Agreement (Infocure Corp), Employment Agreement (Infocure Corp), Employment Agreement (Infocure Corp)

Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of this Agreement and shall be void and without effect.

Appears in 3 contracts

Sources: Stock Option Agreement (Cyclo3pss Corp), Stock Option Agreement (Cyclo3pss Corp), Stock Option Agreement (Cyclo3pss Corp)

Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof except in accordance with this Agreement shall be a violation of the terms of this Agreement hereof and shall be void and without effect.

Appears in 2 contracts

Sources: Director Non Qualified Stock Option Agreement, Non Qualified Option Agreement (Corrections Corp of America)

Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall will be a violation of the terms of this Agreement and shall will be void and without effect.

Appears in 1 contract

Sources: First Right of Purchase Agreement (Healthcare Financial Partners Reit Inc)

Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a violation of the terms of this Agreement and shall be void and without effect.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Quadramed Corp)

Violation. Any transfer, pledge, sale, assignment, or --------- hypothecation of the Option or any portion thereof shall be a violation of the terms of this Agreement and shall be void and without effect.

Appears in 1 contract

Sources: Non Qualified Stock Option Agreement (Community Capital Bancshares Inc)

Violation. Any transfer, pledge, sale, assignment, or hypothecation of any of the Options or any of the Option or any portion thereof Shares subject thereto, other than as specifically permitted by the terms of this Agreement, shall be a violation of the terms of this Agreement and shall be void and without effect.

Appears in 1 contract

Sources: Employment Agreement (Prison Realty Trust Inc)

Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Option Bonus Shares or any portion thereof shall be a violation of the terms of this Agreement and shall be void and without effect.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Witness Systems Inc)

Violation. Any transfer, pledge, sale, assignment, or hypothecation of the Option or any portion thereof shall be a of the Option Shares subject thereto which is in violation of the terms of this Agreement and or of the Plan shall be void and without effect.

Appears in 1 contract

Sources: Non Qualified Stock Option Plan (Sanmina-Sci Corp)