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 96 contracts

Samples: Stock Option Agreement (Gatc Health Corp), Stock Option Agreement (Heliogen, Inc.), Stock Option Plan (Cardiva Medical, Inc.)

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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 53 contracts

Samples: Stock Option Agreement (BioCardia, Inc.), Stock Option Agreement (Tekoil & Gas Corp), 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 (Openwave Systems Inc), Security Agreement (Numerical Technologies Inc), Stock Option Agreement (Emachines Inc /De/)

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: Exhibit 99 (Microtune Inc), Security Agreement (Numerical Technologies Inc), Option Agreement (Genesys Telecommunications Laboratories 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: Restricted Stock Purchase Agreement (Airxpanders Inc), Stock Option Agreement (Orion Acquisition Corp Ii), Restricted Stock Purchase Agreement (Orion Acquisition Corp Ii)

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 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 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: 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 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 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 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: Sutro Biopharma Inc, Sutro Biopharma 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: 2004 Equity Incentive Plan (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 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 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: 2001 Stock Option Plan (Cisco Systems 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 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.. g.

Appears in 1 contract

Samples: Incentive Plan Stock Option Agreement (Energy Vault Holdings, 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 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 3(b) 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: Restricted Stock Purchase Agreement (Tenfold Corp /Ut)

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 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, 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: Earthshell Container (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: Restricted Stock Purchase Agreement (Fluidigm 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: Glimpse 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 '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: Notice and Agreement (Synopsys 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: Agreement and Plan of Reorganization (Usweb Corp)

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: 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 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, 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 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)

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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 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 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 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 3(b) 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 Immediate Family or a trust for the benefit of the Optionee’s immediate family Immediate Family shall be exempt from the provisions of this SectionSection 3(b). “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 SectionSection 3.

Appears in 1 contract

Samples: Stock Option Agreement (Omeros 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 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: Option Grant and Agreement (ArcSight Inc)

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: Excite Inc

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 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: Brightmail Incorporated (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, 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 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 Option Grant 1999 there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Stock Option Agreement (Interchange Corp)

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: Restricted Stock Purchase 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 '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: Plan 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 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.the

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Metatools Inc)

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 Plan (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 '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 '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 '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: 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 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: Operating Agreement (Infospace 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)

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