Common use of AGREEMENT BINDING UPON TRANSFEREES Clause in Contracts

AGREEMENT BINDING UPON TRANSFEREES. 8.1 Except as otherwise provided for in this Agreement, in the event that any Stock is at any time disposed of or transferred to any party pursuant to the provisions hereof, the transferee shall take such Stock pursuant to all the terms, provisions, conditions, and covenants of this Agreement, and the transferee shall, as a condition precedent to the valid transfer of such Stock to such transferee, be bound, and agree (for and on behalf of himself or herself, his or her legal and personal representatives, his or her assigns, and his or her transferees, direct or indirect) in writing to be bound, by all provisions of this Agreement, including Article 9 in the case of a disposal or transfer from an Employee Shareholder.