Binding Effect of Right of First Refusal. The Company’s Right of First Refusal shall inure to the benefit of the successors and assigns of the Company and shall be binding upon any transferee of Plan Shares other than a transferee acquiring Plan Shares in a transaction where the Company failed to exercise the Right of First Refusal (a “Free Transferee”) or a transferee of a Free Transferee.
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Samples: Incentive Stock Option Agreement (ConforMIS Inc), Stock Option Plan Stock Purchase Agreement (ConforMIS Inc), Stock Option Plan Stock Purchase Agreement (ConforMIS Inc)
Binding Effect of Right of First Refusal. The Company’s 's Right of First Refusal shall inure to the benefit of the successors and assigns of the Company and shall be binding upon any transferee of Plan Shares other than a transferee acquiring Plan Shares in a bona fide arms-length transaction where the Company failed to exercise the Right of First Refusal (a “"Free Transferee”) "), or a transferee of a Free Transferee.
Appears in 2 contracts
Samples: Patent Purchase Agreement (Atherogenics Inc), Patent Purchase Agreement (Atherogenics Inc)
Binding Effect of Right of First Refusal. The Company’s 's Right of First Refusal shall inure to the benefit of the successors and assigns of the Company and shall be binding upon any transferee of Plan Shares other than a transferee acquiring Plan Shares in a transaction where the Company failed to exercise the Right of First Refusal (a “"Free Transferee”") or a transferee of a Free Transferee.
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Binding Effect of Right of First Refusal. The Company’s Right of First Refusal shall inure to the benefit of the successors and assigns of the Company and shall be binding upon any transferee of Plan Shares other than a transferee acquiring Plan Shares in a transaction where the Company failed to exercise the Right of First Refusal (a “Free Transferee”) or a transferee of a Free Transferee.
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