Common use of Exception for Certain Family Transfers Clause in Contracts

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 98 contracts

Samples: Executive Employment Agreement (JFB Construction Holdings), Executive Employment Agreement (JFB Construction Holdings), Stock Option Agreement (Gatc Health Corp)

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Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 54 contracts

Samples: Stock Option Agreement (Energy Vault Holdings, Inc.), Stock Option Agreement (BioCardia, Inc.), Stock Option Agreement (Tekoil & Gas Corp)

Exception for Certain Family Transfers. Anything to the contrary -------------------------------------- contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 39 contracts

Samples: Stock Option Agreement (Numerical Technologies Inc), Stock Option Agreement (Pointcast Inc), Stock Option Agreement (Ondisplay Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 12 notwithstanding, the transfer of any or all of the Shares during the OptioneeParticipant’s lifetime or on the OptioneeParticipant’s death by will or intestacy to the OptioneeParticipant’s immediate family or a trust for the benefit of the OptioneeParticipant’s immediate family shall be exempt from the provisions of this SectionSection 12. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this SectionAgreement, including but not limited to this Section 12 and Section 9, and there shall be no further transfer of such Shares except in accordance with the terms of this SectionSection 12.

Appears in 12 contracts

Samples: Stock Option Agreement (Complete Solaria, Inc.), Stock Option Agreement (Capitol Investment Corp. V), Restricted Stock Purchase Agreement (Verrica Pharmaceuticals Inc.)

Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 10 contracts

Samples: Stock Option Agreement (Avanex Corp), Stock Option Agreement (Numerical Technologies Inc), Stock Option Agreement (Microtune Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer Transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family Immediate Family (as defined below) or a trust for the benefit of the Optionee’s immediate family Immediate Family shall be exempt from the provisions Right of this SectionFirst Refusal. As used herein, “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sistersister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions of this Section, Section (including the Right of First Refusal) and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Section.

Appears in 5 contracts

Samples: Stock Option Agreement (Priveterra Acquisition Corp.), Director Retainer Agreement, Director Retainer Agreement (Newegg Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the transfer Transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family Immediate Family or a trust for the benefit of the Optionee’s immediate family Immediate Family shall be exempt from the provisions Right of this SectionFirst Refusal. As used herein, “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sistersister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions hereof, including without limitation the provisions of this SectionSections 4, 5 and 6 hereof, and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Sectionhereof.

Appears in 5 contracts

Samples: Stock Option Agreement (Demand Media Inc.), Stock Option Agreement (Demand Media Inc.), Stock Option Agreement (Demand Media Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the transfer Transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s immediate family 's Immediate Family or a trust for the benefit of the Optionee’s immediate family 's Immediate Family shall be exempt from the provisions Right of this SectionFirst Refusal. As used herein, "Immediate Family” as used herein " shall mean spouse, lineal descendant or antecedent, father, mother, brother or sistersister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions hereof, including without limitation the provisions of this SectionSections 4 and 5 hereof, and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Sectionhereof.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Black Ridge Oil & Gas, Inc.), Stock Option Agreement (Imaging3 Inc), Stock Option Agreement (Black Ridge Oil & Gas, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer Transfer of any or all of the Shares during the Optionee’s lifetime or on upon the Optionee’s death by will or intestacy to the Optionee’s immediate family Immediate Family or a trust for the benefit of the Optionee’s immediate family Immediate Family shall be exempt from the provisions Right of this SectionFirst Refusal. As used herein, “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sistersister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions of this SectionSection (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable, and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Section.

Appears in 5 contracts

Samples: Stock Option Agreement (Airxpanders Inc), Stock Option Agreement (Orion Acquisition Corp Ii), Stock Option Agreement (Orion Acquisition Corp Ii)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this SectionExercise Notice, and there shall be no further transfer of such Shares except in accordance with the terms of this SectionExercise Notice.

Appears in 4 contracts

Samples: Stock Option Agreement (Tercica Inc), Stock Option Agreement (Tercica Inc), Stock Option Agreement (Tercica Inc)

Exception for Certain Family Transfers. Anything to the contrary -------------------------------------- contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Holder's lifetime or on the Optionee’s Holder's death by will or intestacy to the Optionee’s Holder's immediate family or a trust for the benefit of the Optionee’s immediate family Holder's Immediate Family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Usweb Corp), Agreement and Plan of Reorganization (Usweb Corp), Agreement and Plan of Reorganization (Usweb Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the transfer Transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family Immediate Family or a trust for the benefit of the Optionee’s immediate family Immediate Family shall be exempt from the provisions Right of this SectionFirst Refusal. As used herein, “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sistersister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions hereof, including without limitation the provisions of this SectionSections 4 and 5 hereof, and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Sectionhereof.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Black Ridge Oil & Gas, Inc.), Incentive Stock Option Agreement (Black Ridge Oil & Gas, Inc.), Stock Option Agreement (Envision Solar International, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer Transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s immediate family 's Immediate Family or a trust for the benefit of the Optionee’s immediate family 's Immediate Family shall be exempt from the provisions Right of this SectionFirst Refusal. As used herein, "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sistersister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions of this Section, Section (including the Right of First Refusal) and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Section.

Appears in 3 contracts

Samples: Stock Option Agreement (Epixtar Corp), Stock Option Agreement (Broadcom Corp), Stock Option Agreement (Skilled Healthcare Group Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall will be exempt from the provisions of this Section. “Immediate Family” as used herein shall will mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall will receive and hold the Shares so transferred subject to the provisions of this Section, and there shall will be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 3 contracts

Samples: Stock Option Agreement (Mavenir Systems Inc), Stock Option Agreement (Mavenir Systems Inc), Stock Option Agreement (Cisco Systems Inc)

Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Purchaser's lifetime or on the Optionee’s Purchaser's death by will or intestacy to the Optionee’s Purchaser's immediate family or a trust for the benefit of the Optionee’s Purchaser's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Employment Agreement (Crossworlds Software Inc), Employment Agreement (Crossworlds Software Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer Transfer of any or all of the Shares during the Optionee’s lifetime or on the upon Optionee’s death by will or intestacy to the Optionee’s immediate family Immediate Family or a trust for the benefit of the Optionee’s immediate family Immediate Family shall be exempt from the provisions Right of this SectionFirst Refusal. As used herein, “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sistersister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions of this Section, Section (including the Right of First Refusal) and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Stock Option Agreement (Intermolecular Inc), Stock Option Agreement (Tessera Technologies Inc)

Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Holder's lifetime or on the Optionee’s Holder's death by will or intestacy to the Optionee’s Holder's immediate family or a trust for the benefit of the Optionee’s Holder's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Usweb Corp), Agreement and Plan of Reorganization (Usweb Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the OptioneeHolder’s lifetime or on the OptioneeHolder’s death by will or intestacy to the OptioneeHolder’s immediate family or a trust for the benefit of the OptioneeHolder’s immediate family shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Warrant Agreement (Sutro Biopharma Inc), Warrant Agreement (Sutro Biopharma Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Stock Option Agreement (Millendo Therapeutics, Inc.), Stock Option Agreement (Millendo Therapeutics, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Purchaser's lifetime or on the Optionee’s Purchaser's death by will or intestacy to the Optionee’s Purchaser's immediate family or a trust for the benefit of the Optionee’s Purchaser's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Ibeam Broadcasting Corp), Restricted Stock Purchase Agreement (Broadcom Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 12 notwithstanding, the transfer of any or all of the Option Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy the laws of descent and distribution to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this SectionSection 12. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Option Shares so transferred subject to the provisions of this SectionSection 12, and there shall be no further transfer of such Option Shares except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Stock Option Agreement (Alphasmart Inc), Stock Option Agreement (Alphasmart Inc)

Exception for Certain Family Transfers. Anything to the contrary -------------------------------------- contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Holder's lifetime or on the Optionee’s Holder's death by will or intestacy to the Optionee’s Holder's immediate family or a trust for the benefit of the Optionee’s Holder's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Usweb Corp), Agreement and Plan of Reorganization (Usweb Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this Section. Section “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

Exception for Certain Family Transfers. Anything to the contrary -------------------------------------- contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Merger Agreement (Usweb Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section section notwithstanding, the transfer of any or all of the Shares Securities during the Optionee’s my lifetime or on the Optionee’s my death by will or intestacy to the Optionee’s immediate family my Immediate Family (as defined below) or a trust for the benefit of the Optionee’s immediate family my Immediate Family shall be exempt from the provisions of this Sectionsection (a). "Immediate Family" as used herein shall mean my spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares Securities so transferred subject to the provisions of this Sectionsection (a), and there shall be no further transfer of such Shares Securities except in accordance with the terms of this Sectionsection.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Excite Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for of the benefit of the Optionee’s 's immediate family shall be exempt from the provisions provision of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Finisar Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the OptioneePurchaser’s lifetime or on the OptioneePurchaser’s death by will or intestacy to the OptioneePurchaser’s immediate family or a trust for the benefit of the OptioneePurchaser or Purchaser’s immediate family shall be exempt from the provisions of this Section. As used herein, Immediate Familyimmediate familyas used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Purchase Agreement (Overstock Com Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3 notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this SectionSection 3. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this SectionSection 3 and the other terms and conditions of this Agreement, and there shall be no further transfer of such Shares except in accordance with the terms of this SectionSection 3.

Appears in 1 contract

Samples: Stock Option Agreement (Prosper Funding LLC)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant (including descendant by adoption) or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Finisar Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, notwithstanding the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. “Immediate Family” "IMMEDIATE FAMILY" as used herein shall mean spouse, lineal descendant or antecedent, . father, . mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Earthshell Container Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section V notwithstanding, the transfer of any or all of the Shares during the OptioneeParticipant’s lifetime or on the OptioneeParticipant’s death by will or intestacy to the OptioneeParticipant’s immediate family or a trust for the benefit of the OptioneeParticipant’s immediate family shall be exempt from the provisions of this Section. Section V. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this SectionSection V, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.Section V.

Appears in 1 contract

Samples: Stock Option Agreement (Fluidigm Corp)

Exception for Certain Family Transfers. Anything to the contrary -------------------------------------- contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Holder's lifetime or on the Optionee’s Holder's death by will or intestacy to the Optionee’s Holder's immediate family or a trust for the benefit of the Optionee’s Holder's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister, or domestic partner. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Usweb Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in 4 n this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Gurunet Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Option Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Option Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Option Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Titan Energy Worldwide, Inc.)

Exception for Certain Family Transfers. Anything to the contrary -------------------------------------- contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Holder's lifetime or on the Optionee’s Holder's death by will or intestacy to the Optionee’s Holder's immediate family or a trust for the benefit of the Optionee’s Holder's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Usweb Corp)

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Exception for Certain Family Transfers. Anything to the ------------------------------------------ contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. “Immediate Family” "IMMEDIATE FAMILY" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (China Broadband Corp)

Exception for Certain Family Transfers. Anything to the contrary -------------------------------------- contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Holder's lifetime or on the Optionee’s Holder's death by will or intestacy to the Optionee’s Holder's immediate family or a trust for the benefit of the Optionee’s Holder's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or ----------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Usweb Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares shares of Optioned Stock during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares shares of Optioned Stock so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares shares of Optioned Stock except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Cardiva Medical, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Purchaser's lifetime or on the Optionee’s Purchaser's death by will or intestacy to the Optionee’s Purchaser's immediate family or a trust for the benefit of the Optionee’s Purchaser or Purchaser's immediate family shall be exempt from the provisions of this Section. “Immediate Family” as As used herein herein, "immediate family" shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Symantec Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spousespouse or partner, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, upon the approval of the Administrator, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Synplicity Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this SectionSection but not from the provisions of Section (c). “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Purchaser's lifetime or on the Optionee’s Purchaser's death by will or intestacy to the Optionee’s immediate family Purchaser's Immediate Family or a trust for the benefit of the Optionee’s Purchaser's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Rstar Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer trans-fer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Tekoil & Gas Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 1 notwithstanding, the transfer of any or all of the Shares during the OptioneeHolder’s lifetime or on the OptioneeHolder’s death by will or intestacy to the OptioneeHolder’s immediate family or a trust for the benefit of the OptioneeHolder’s immediate family shall be exempt from the provisions of this SectionSection 1. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this SectionSection 1, and there shall be no further transfer of such Shares except in accordance with the terms of this SectionSection 1.

Appears in 1 contract

Samples: Right of First Refusal Agreement (Glimpse Group, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 2 notwithstanding, the transfer Transfer of any or all of the Shares during the Optionee’s Purchaser's lifetime or on the Optionee’s Purchaser's death by will or intestacy to the Optionee’s immediate family Purchaser's Immediate Family or a trust for the benefit of the Optionee’s immediate family Purchaser's Immediate Family shall be exempt from the provisions Right of this SectionFirst Refusal. As used herein, "Immediate Family” as used herein " shall mean spouse, lineal descendant or antecedent, father, mother, brother or sistersister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions of this SectionSection (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, as applicable, and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Genencor International Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the OptioneeParticipant’s lifetime or on the Optionee’s his or her death by will or intestacy to the OptioneeParticipant’s immediate family or a trust for the benefit of the OptioneeParticipant’s immediate family shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (ArcSight Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section (l) notwithstanding, the transfer of any or all of the Shares during the OptioneeParticipant’s lifetime or on the OptioneeParticipant’s death by will or intestacy to the OptioneeParticipant’s immediate family or a trust for the benefit of the OptioneeParticipant’s immediate family shall be exempt from the provisions of this SectionSection (l). “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this SectionAgreement, including but not limited to this Section (l) and Section (i), and there shall be no further transfer of such Shares except in accordance with the terms of this SectionSection (l).

Appears in 1 contract

Samples: Stock Option Agreement (Fluidigm Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares Units during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of or the Optionee’s immediate family shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares Units so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares Units except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Unit Option Agreement (Infospace Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, upon the approval of the Administrator, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Synplicity Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Section. "Immediate Family” family" as used herein shall mean means spouse, lineal descendant or antecedent, father, mother, son, daughter, brother or sister, either by blood or law. In such that case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Advanced Materials Group Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this Section. “Immediate Family’’ as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Docusign Inc)

Exception for Certain Family Transfers. Anything to the contrary -------------------------------------- contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Holder's lifetime or on the Optionee’s Holder's death by will or intestacy to the Optionee’s Holder's immediate family or a trust for the benefit of the Optionee’s Holders immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Merger Agreement (Usweb Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee’s 's immediate family shall be exempt from the provisions of this Sectionsection. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Sectionsection, and there shall be no further transfer of such Shares except in accordance with the terms of this Sectionsection.

Appears in 1 contract

Samples: Stock Option Agreement (Symantec Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family 's Family Members shall be exempt from the provisions of this Section. “Immediate Family” "Family Members" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sisterhave the same meaning as such term has in Rule 701 of the Securities Act of 1933 ("Rule 701") and any transfer permissible under Rule 701 shall be permissible under this Section 7(f). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Yesmail Com Inc)

Exception for Certain Family Transfers. Anything Notwithstanding anything to the contrary contained elsewhere in this Section notwithstandingSection, the transfer of any or all of the Released Shares during the OptioneeHolder’s lifetime or on the OptioneeHolder’s death by will or intestacy to the OptioneeHolder’s immediate family spouse, child, father, mother, brother, sister, or to a trust or other similar estate planning vehicle for the benefit of Holder or any of the Optionee’s immediate family foregoing persons, shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse; provided that, lineal descendant or antecedent, father, mother, brother or sister. In in each such case, the transferee or other recipient shall agree in writing to receive and hold the Released Shares so transferred subject to all of the provisions of this Agreement, including but not limited to this Section, and there shall be no further transfer of such Released Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Innovative Industrial Properties Inc)

Exception for Certain Family Transfers. Anything to the contrary -------------------------------------- contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s Purchaser's lifetime or on the Optionee’s Purchaser's death by will or intestacy to the Optionee’s Purchaser's immediate family or a trust for the benefit of the Optionee’s Purchaser's immediate family shall be exempt from the provisions of this Section. "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Usweb Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s 's lifetime or on the Optionee’s 's death by will or intestacy to the Optionee’s 's immediate family or a trust for the benefit of the Optionee or Optionee’s 's immediate family shall be exempt from the provisions of this Section. “Immediate Family” as As used herein herein, "immediate family" shall mean spouse, lineal descendant or antecedent, father, mother, brother or sistersister or anyone else approved in advance by the Board of Directors. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Exercise Agreement (Synopsys Inc)

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