Common use of Automatic Conversion on Noncomplying Transfer Clause in Contracts

Automatic Conversion on Noncomplying Transfer. Any valid transfer of Shares made without compliance with this Agreement, whether by operation of law, court or administrative order, divorce settlement or decree, or otherwise, shall result in the automatic conversion of such Shares into Class A Stock on a share-for-share basis.

Appears in 7 contracts

Samples: Scripps Family Agreement (Scripps Eaton M), Scripps Family Agreement (E.W. SCRIPPS Co), Scripps Family Agreement

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