Common use of Bona Fide Determination Clause in Contracts

Bona Fide Determination. Within 30 days of delivery of the Transfer Notice, the Company's Board of Directors shall determine the bona fide nature of the proposed transfer and give the Founder written notice of its determination. If the proposed transfer is deemed to be bona fide, the remaining subsections of this section shall apply to the sale. If the proposed transfer is deemed not to be bona fide, the Founder will be responsible for providing additional information to the Board to show the bona fide nature of the proposed transfer and no Stock will be transferred on the books of the Company until the Board has approved the proposed transfer as bona fide.

Appears in 5 contracts

Samples: Founder Stock Purchase Agreement (Telocity Inc), Founder Stock Purchase Agreement (Telocity Inc), Founder Stock Purchase Agreement (Telocity Inc)

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Bona Fide Determination. Within 30 days of delivery of the ----------------------- Transfer Notice, the Company's Board of Directors shall determine the bona fide nature of the proposed transfer and give the Founder written notice of its determination. If the proposed transfer is deemed to be bona fide, the remaining subsections of this section shall apply to the sale. If the proposed transfer is deemed not to be bona fide, the Founder will be responsible for providing additional information to the Board to show the bona fide nature of the proposed transfer and no Stock will be transferred on the books of the Company until the Board has approved the proposed transfer as bona fide.

Appears in 3 contracts

Samples: Founder Stock Purchase Agreement (Telocity Delaware Inc), Founder Stock Purchase Agreement (Telocity Delaware Inc), Founder Stock Purchase Agreement (Telocity Delaware Inc)

Bona Fide Determination. Within 30 15 days of delivery of the ----------------------- Transfer Notice, the Company's Board of Directors shall determine the bona fide nature of the proposed transfer and give the Founder Common Holder written notice of its determination. If the proposed transfer is deemed to be bona fide, the remaining subsections of this section shall apply to the sale. If the proposed transfer is deemed not to be bona fide, the Founder Common Holder will be responsible for providing additional information to the Board to show the bona fide nature of the proposed transfer and no Stock Common Shares will be transferred on the books of the Company until the Board has approved the proposed transfer as bona fide.

Appears in 1 contract

Samples: Rights Agreement (Extreme Networks Inc)

Bona Fide Determination. Within 30 days of delivery of the ----------------------- Transfer Noticenotice, the Company's Board of Directors shall determine the bona fide nature of the proposed transfer and give the Founder written notice of its determination. If the proposed transfer is deemed to be bona fide, the remaining subsections of this section shall apply to the sale. If the proposed transfer is deemed not to be bona fide, the Founder will be responsible for providing additional information to the Board to show the bona fide nature of the proposed transfer and no Stock will be transferred on the books of the Company until the Board has approved the proposed transfer as bona fide.

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Telocity Delaware Inc)

Bona Fide Determination. Within 30 days of delivery of the Transfer Notice, the Company's Board of Directors shall determine the bona fide nature of the proposed transfer and give the Founder written notice of its determination. If the proposed transfer is deemed to be bona fide, the remaining subsections of this section shall apply to the sale. If the proposed transfer is deemed not to be bona fide, the Founder will be responsible for providing additional information to the Board to show the bona fide nature of the proposed transfer and no Stock will be transferred on the books of the Company until the Board has approved the proposed transfer as bona fide.the

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Telocity Inc)

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Bona Fide Determination. Within 30 days of delivery of the Transfer Noticenotice, the Company's Board of Directors shall determine the bona fide nature of the proposed transfer and give the Founder written notice of its determination. If the proposed transfer is deemed to be bona fide, the remaining subsections of this section shall apply to the sale. If the proposed transfer is deemed not to be bona fide, the Founder will be responsible for providing additional information to the Board to show the bona fide nature of the proposed transfer and no Stock will be transferred on the books of the Company until the Board has approved the proposed transfer as bona fide.

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Telocity Inc)

Bona Fide Determination. Within 30 days of delivery of the ----------------------- Transfer Notice, the Company's Board of Directors shall determine the bona fide nature of the proposed transfer and give the Founder written notice of its determination. If the proposed transfer is deemed to be bona fide, the remaining subsections of this section Section shall apply to the sale. If the proposed transfer is deemed not to be bona fide, the Founder will be responsible for providing additional information to the Board to show the bona fide nature of the proposed transfer and no Stock will be transferred on the books of the Company until the Board has approved the proposed transfer as bona fide.

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Telocity Delaware Inc)

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