Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 5. “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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 94 contracts
Samples: Equity Incentive Plan (Alto Neuroscience, Inc.), Stock Option Agreement (Carmot Therapeutics Inc.), Stock Option Agreement (Electronic Servitor Publication Network, Inc.)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 5. “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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 14 contracts
Samples: Stock Option Agreement (Finwise Bancorp), Stock Option Agreement (Finwise Bancorp), Restricted Stock Purchase Agreement (Vaxcyte, Inc.)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the ParticipantOptionee’s lifetime or on the ParticipantOptionee’s death by will or intestacy to the ParticipantOptionee’s immediate family or a trust for the benefit of the ParticipantOptionee’s immediate family shall be exempt from the provisions of this Section 5. “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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 13 contracts
Samples: Stock Option Agreement (Avenue Therapeutics, Inc.), 2010 Stock Plan (Skillz Inc.), Stock Plan (Peninsula Acquisition Corp)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family Immediate Family or a trust for the benefit of the Participant’s immediate family Immediate Family shall be exempt from the provisions of this Section 5. “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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 7 contracts
Samples: Equity Incentive Plan (Carmot Therapeutics Inc.), Restricted Stock Unit Agreement (Better Home & Finance Holding Co), Equity Incentive Plan (Better Home & Finance Holding Co)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer Transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for Immediate Family (as defined in the benefit of the Participant’s immediate family Option Agreement) shall be exempt from the provisions Right of this Section 5. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sisterFirst Refusal. In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions of this Section 4, Section 5, and the Stockholders’ Agreement, as applicable, and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Section 5Section.
Appears in 4 contracts
Samples: Stock Option Agreement (Reliant Pharmaceuticals, Inc.), Stock Option Agreement (Reliant Pharmaceuticals, Inc.), Stock Option Agreement (Reliant Pharmaceuticals, Inc.)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares Units during the ParticipantOptionee’s lifetime or on the ParticipantOptionee’s death by will or intestacy to the ParticipantOptionee’s immediate family or a trust for the benefit of the ParticipantOptionee’s immediate family shall be exempt from the provisions of this Section 5. “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 5, and there shall be no further transfer of such Shares Units except in accordance with the terms of this Section 5.
Appears in 4 contracts
Samples: Option Agreement, Equity Incentive Plan (TearLab Corp), Operating Agreement (Gigamon LLC)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer Transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family Immediate Family or a trust for the benefit of the Participant’s immediate Immediate Family’s trusts, foundations, partnerships and other family entities (as defined in the Option Agreement) shall be exempt from the provisions Right of this Section 5. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sisterFirst Refusal. In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions of this Section 4, Section 5, and the Stockholders’ Agreement, as applicable, and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Section 5Section.
Appears in 3 contracts
Samples: Stock Option Agreement (Reliant Pharmaceuticals, Inc.), 2004 Equity Incentive Plan (Reliant Pharmaceuticals, Inc.), Stock Option Agreement (Reliant Pharmaceuticals, Inc.)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the ParticipantOptionee’s lifetime or on the ParticipantOptionee’s death by will or intestacy to the ParticipantOptionee’s immediate family or a trust for the benefit of the ParticipantOptionee’s immediate family shall be exempt from the provisions of this Section 5. “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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 2 contracts
Samples: Restricted Stock Purchase Agreement (Intuit Inc), 2006 Stock Plan (Intuit Inc)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall will be exempt from the provisions of this Section 5. “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 5, and there shall will be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Complete Solaria, Inc.), 2016 Stock Plan (Complete Solaria, Inc.)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 5Section. “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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5Section.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Revel Entertainment Group, LLC), Incentive Stock Option Agreement (Revel Entertainment Group, LLC)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 6 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 56. “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 56, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 56.
Appears in 2 contracts
Samples: Equity Incentive Plan (Domo, Inc.), Equity Incentive Plan (Domo, Inc.)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s 's lifetime or on the Participant’s 's death by will or intestacy to the Participant’s 's immediate family or a trust for the benefit of the Participant’s 's immediate family shall be exempt from the provisions of this Section 5Section. “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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5Section.
Appears in 2 contracts
Samples: Plan Stock Option Grant Agreement (Ra Medical Systems, Inc.), Plan Stock Option Grant Agreement (Ra Medical Systems, Inc.)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 5. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother 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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 1 contract
Samples: Equity Incentive Plan Share Option Agreement (JATT Acquisition Corp)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 5. “Immediate Familyfamily” 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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 1 contract
Samples: Stock Option Agreement (Supernova Partners Acquisition Co II, Ltd.)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s Founder's lifetime or on the Participant’s Founder's death by will or intestacy to the Participant’s Founder's immediate family or a trust for the benefit of the Participant’s Founder's immediate family shall be exempt from the provisions of this Section 5Section. “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 agree in writing to hold the Shares so transferred subject to the provisions of this Section 55 and Section 7, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 55 and Section 7.
Appears in 1 contract
Exception for Certain Family Transfers. Anything Notwithstanding anything to the contrary contained in this Section 5 notwithstanding5, the transfer Transfer of any or all of the Shares during the ParticipantOptionee’s lifetime or on the ParticipantOptionee’s death by will or intestacy to the ParticipantOptionee’s immediate family or a trust for the benefit of the ParticipantOptionee’s immediate family shall be exempt from the provisions of this Section 5. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother brother, or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred Transferred subject to the provisions of this Section 5, and there shall be no further transfer Transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 1 contract
Samples: Restricted Stock Purchase Agreement (Nextg Networks Inc)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family Immediate Family or a trust for the benefit of the Participant’s immediate family Immediate Family shall be exempt from the provisions of this Section 5. “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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 1 contract
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 5. “Immediate Family” as used herein shall mean spouse, or 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 5, 5 and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 1 contract
Samples: Rackspace Inc
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 Section-5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 5Section-5. “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 5Section-5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5Section-5.
Appears in 1 contract
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 5. “Immediate Familyfamily” 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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.
Appears in 1 contract
Samples: Equity Incentive Plan (Nyiax, Inc.)
Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer of any or all of the Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family shall be exempt from the provisions of this Section 5. “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 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5.. (g)
Appears in 1 contract
Samples: Tempest Therapeutics, Inc.