Common use of Exception for Certain Family Transfers Clause in Contracts

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 Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 6 contracts

Samples: Common Stock Purchase Agreement (Sezzle Inc.), Common Stock Purchase Agreement (Sezzle Inc.), Common Stock Purchase Agreement (Rentberry Inc.)

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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 Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 3 contracts

Samples: Restricted Stock Purchase Agreement (Called Higher Studios, Inc.), Restricted Stock Purchase Agreement (Called Higher Studios, Inc.), Restricted Stock Purchase Agreement

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 Purchaser’s 's lifetime or on the Purchaser’s 's death by will or intestacy to the Purchaser’s 's Immediate Family or to a trust for the benefit of one or more members of the Purchaser's Immediate Family or to a trust, partnership, limited liability company, custodianship or other fiduciary account for the benefit of the Purchaser or one or more members of the Purchaser’s 's Immediate Family Family, or the disbursement therefrom to Purchaser or one or more members of his Immediate Family, shall be exempt from the provisions of this Section 3(b)Section, provided that the Purchaser notifies the Company in writing within thirty (30) days of said transfer. "Immediate Family" as used in this Agreement herein shall mean spouse, lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, Agreement and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3Section.

Appears in 3 contracts

Samples: Stock Option Agreement (Nexsan Corp), Stock Option Agreement (Nexsan Corp), Stock Option Agreement (Nexsan 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 Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-sister- in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Rentberry Inc.), Common Stock Purchase Agreement (Rentberry Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during PurchaserHolder’s lifetime or on PurchaserHolder’s death by will or intestacy to PurchaserHolder’s Immediate Family or to a trust for the benefit of Purchaser or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b3(a). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing PurchaserHolder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of the Plan, the Bylaw Provisions and the provisions of the Option Agreement and this Agreement, including this Section 33 and Section 8, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3, the Plan, and the Bylaw Provisions.

Appears in 2 contracts

Samples: Stock Option Agreement (Ouster, Inc.), Stock Option Agreement (Ouster, Inc.)

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 Purchaser’s 's lifetime or on the Purchaser’s 's death by will or intestacy to the Purchaser’s 's Immediate Family or to a trust for the benefit of one or more members of the Purchaser's Immediate Family or to a trust, partnership, limited liability company, custodianship or other fiduciary account for the benefit of the Purchaser or one or more members of the Purchaser’s 's Immediate Family Family, or the disbursement therefrom to Purchaser or one or more members of his Immediate Family, shall be exempt from the provisions of this Section 3(b)Section, provided that the Purchaser notifies the Company in writing within thirty (30) days of said transfer. "Immediate Family" as used in this Agreement herein shall mean spouse, lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Agreement, including but not limited to this Section 3and Section 4, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3Section.

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Nexsan Corp), Restricted Stock Purchase Agreement (Nexsan 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 PurchaserHolder’s lifetime or on PurchaserHolder’s death by will or intestacy to PurchaserHolder’s Immediate Family or to a trust for the benefit of Purchaser Holder or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing PurchaserHolder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the Bylaw Provisions and the provisions of this Agreement, including this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 33 and the Bylaw Provisions.

Appears in 2 contracts

Samples: Common and Founders Preferred Stock Purchase Agreement (Bird Global, Inc.), Common Stock Purchase Agreement

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 Purchaser’s Holder's lifetime or on Purchaser’s Holder's death by will or intestacy to Purchaser’s Holder's Immediate Family or to a trust for the benefit of Purchaser Holder or Purchaser’s Holder's Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s 's antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-sister- in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s Holder's household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the Bylaw Provisions and the provisions of this Agreement, including this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 33 and the Bylaw Provisions.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Legion Works, Inc.), Common Stock Purchase Agreement (Legion Works, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(b3(a). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedentany child, spouse (or stepchild, grandchild, parent, stepparent, grandparent, spouse’s antecedents), former spouse, sxxxxxx, niece, nephew, mother-in-law, father-in-law, motherson-in-law, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants)daughter-in-law, brother-in-law or sister-in-law (or their antecedents or descendants) and shall include law, including adoptive relationships, or any person sharing the Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Yumanity Therapeutics, Inc.), Common Stock Purchase Agreement (Yumanity Therapeutics, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b) Agreement notwithstanding, the transfer of any or all of the Shares during Purchaser’s Holder's lifetime or on Purchaser’s Holder's death by will or intestacy to Purchaser’s Holder's Immediate Family or to a trust for the benefit of Purchaser Holder or Purchaser’s Holder's Immediate Family shall be exempt from the provisions of this Section 3(b)Agreement. “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s 's antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-sister- in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s Holder's household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the Bylaw Provisions and the provisions of this Section 3, Agreement and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3Agreement and the Bylaw Provisions.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Legion Works, Inc.), Common Stock Purchase Agreement (Legion Works, Inc.)

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 Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 2 contracts

Samples: Restricted Stock Purchase Agreement (Akoustis Technologies, Inc.), Restricted Stock Purchase Agreement

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b(a) notwithstanding, subject to Section 14 of the transfer Option Agreement, the Transfer of any or all of the Shares during PurchaserOptionee’s lifetime or on PurchaserOptionee’s death by will or intestacy to PurchaserOptionee’s Immediate Family or to a trust for the benefit of Purchaser or PurchaserOptionee’s Immediate Family shall be exempt from the provisions of this Section 3(b(a). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3(a), and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3(a).

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (KwikClick, Inc.), Non Qualified Stock Option Agreement (Sigma Labs, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b4(b) notwithstanding, the transfer of any or all of the Shares during PurchaserHolder’s lifetime or on PurchaserHolder’s death by will or intestacy to PurchaserHolder’s Immediate Family or to a trust for the benefit of Purchaser or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b4(b). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of the Plan, the Bylaw Restrictions, and the provisions of the Option Agreement and this Agreement, including this Section 34 and Section 10, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 34, the Plan and the Bylaw Restrictions.

Appears in 1 contract

Samples: Stock Option Agreement (Confluent, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b(a) notwithstanding, the transfer of any or all of the Shares during PurchaserXxxxxx’s lifetime or on PurchaserXxxxxx’s death by will or intestacy to PurchaserXxxxxx’s Immediate Family or to a trust for the benefit of Purchaser Holder or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b(a). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild xxxxxxxxx (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing PurchaserHolder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of the Plan, the Bylaw Provisions and the provisions of the Option Agreement and this Agreement, including this Section 3. and Section Error: Reference source not found, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.[, the Plan,] and the Bylaw Provisions.

Appears in 1 contract

Samples: Stock Option Grant Agreement

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 PurchaserHolder’s lifetime or on PurchaserHolder’s death by will or intestacy to PurchaserHolder’s Immediate Family or to a trust for the benefit of Purchaser Holder or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing PurchaserHolder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of the Plan, the Bylaw Provisions and the provisions of this Agreement, including this Section 33 and Section 10, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3[, the Plan,] and the Bylaw Provisions.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement

Exception for Certain Family Transfers. Anything Notwithstanding anything to the contrary contained in this Section 3(b) notwithstandingSection, the transfer of any or all of the Shares during the Purchaser’s lifetime or on the Purchaser’s death by will or intestacy to the Purchaser’s Immediate Family or a trust for the benefit of one or more members of the Purchaser’s Immediate Family or to a trust trust, partnership, limited liability company, custodianship or other fiduciary account for the benefit of the Purchaser or one or more members of the Purchaser’s Immediate Family Family, or the disbursement therefrom to Purchaser or one or more members of his Immediate Family, shall be exempt from the provisions of this Section 3(b)Section, provided that the Purchaser notifies the Company in writing within thirty (30) days of said transfer. “Immediate Family” as used in this Agreement herein shall mean spouse, lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, Agreement and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3Section.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Nexsan 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 Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild xxxxxxxxx (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b(a) notwithstanding, the transfer of any or all of the Shares during PurchaserXxxxxx’s lifetime or on PurchaserXxxxxx’s death by will or intestacy to PurchaserXxxxxx’s Immediate Family or to a trust for the benefit of Purchaser Holder or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b(a). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild xxxxxxxxx (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing PurchaserHolder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of the Plan, the Bylaw Provisions and the provisions of the Option Agreement and this Agreement, including this Section 3. and Section Error: Reference source not found, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3., the Plan, and the Bylaw Provisions.

Appears in 1 contract

Samples: Stock Option Grant

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b) 3 notwithstanding, the transfer of any or all of the Shares during PurchaserFounder’s lifetime or on PurchaserFounder’s death by will or intestacy to PurchaserFounder’s Immediate Family or to a trust for the benefit of Purchaser Founder or PurchaserFounder’s Immediate Family shall be exempt from the provisions of this Section 3(b)3. “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedentany child, spouse (or stepchild, grandchild, parent, stepparent, grandparent, spouse’s antecedents), former spouse, sibling, niece, nephew, uncle, aunt, mother-in-law, father-in-law, motherson-in- law, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants)daughter-in-law, brother-in-law or sister-in-law (or their antecedents or descendants) and shall include law, including adoptive relationships, or any person sharing Purchaserthe Founder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 33.1.6.

Appears in 1 contract

Samples: Founder Stock Purchase Agreement (Consumer Cooperative Group Inc)

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 Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedentany child, spouse (or stepchild, grandchild, parent, stepparent, grandparent, spouse’s antecedents), former spouse, xxxxxxx, niece, nephew, uncle, aunt, mother-in-law, father-in-law, motherson-in-law, brother or sister (or their descendants)daughter-in-law, stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-brother- in-law or sister-in-law (or their antecedents or descendants) and shall include law, including adoptive relationships, or any person sharing the Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 1 contract

Samples: Common Stock Purchase Agreement

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Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during PurchaserXxxxxx’s lifetime or on PurchaserXxxxxx’s death by will or intestacy to PurchaserXxxxxx’s Immediate Family or to a trust for the benefit of Purchaser or PurchaserXxxxxx’s Immediate Family shall be exempt from the provisions of this Section 3(b3(a). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild xxxxxxxxx (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 1 contract

Samples: Stock Option Grant Agreement

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 Purchaser’s lifetime or on the Purchaser’s death by will or intestacy to the Purchaser’s Immediate Family or a trust for the benefit of one or more members of the Purchaser’s Immediate Family or to a trust trust, partnership, limited liability company, custodianship or other fiduciary account for the benefit of the Purchaser or one or more members of the Purchaser’s Immediate Family Family, or the disbursement therefrom to Purchaser or one or more members of his Immediate Family, shall be exempt from the provisions of this Section 3(b)Section, provided that the Purchaser notifies the Company in writing within thirty (30) days of said transfer. “Immediate Family” as used in this Agreement herein shall mean spouse, lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, Agreement and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3Section.

Appears in 1 contract

Samples: Stock Option Agreement (Nexsan 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 PurchaserHolder’s lifetime or on PurchaserHolder’s death by will or intestacy to PurchaserHolder’s Immediate Family or to a trust for the benefit of Purchaser Holder or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 1 contract

Samples: Restricted Stock Agreement (Akoustis Technologies, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(b3(a). “Immediate Family” as used in this Agreement shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Healthcare Triangle, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b(b) notwithstanding, the transfer of any or all of the Shares during PurchaserXxxxxx’s lifetime or on PurchaserXxxxxx’s death by will or intestacy to PurchaserXxxxxx’s Immediate Family or to a trust for the benefit of Purchaser Holder or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b(b). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild xxxxxxxxx (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing PurchaserHolder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the Bylaw Provisions and the provisions of this Agreement, including this Section 3., and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3. and the Bylaw Provisions.

Appears in 1 contract

Samples: Common Stock Purchase Agreement

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b) 3 notwithstanding, the transfer of any or all of the Shares during PurchaserFounder’s lifetime or on PurchaserFounder’s death by will or intestacy to PurchaserFounder’s Immediate Family or to a trust for the benefit of Purchaser Founder or PurchaserFounder’s Immediate Family shall be exempt from the provisions of this Section 3(b)3. “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedentany child, spouse (or stepchild, grandchild, parent, stepparent, grandparent, spouse’s antecedents), former spouse, sibling, niece, nephew, uncle, aunt, mother-in-law, father-in-law, motherson-in-law, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants)daughter-in-law, brother-in-law or sister-in-law (or their antecedents or descendants) and shall include law, including adoptive relationships, or any person sharing Purchaserthe Founder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 33.1.6.

Appears in 1 contract

Samples: Founder Stock Purchase and Shareholder Rights Agreement (Consumer Cooperative Group Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b(a) notwithstanding, subject to the transfer terms and restrictions under the Letter Agreement between you and the Company covering the Shares, the Transfer of any or all of the Shares during Purchaser’s your lifetime or on Purchaser’s your death by will or intestacy to Purchaser’s your Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s your Immediate Family shall be exempt from the provisions of this Section 3(b(a). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild sxxxxxxxx (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3(a), and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3(a).

Appears in 1 contract

Samples: Grant of Restricted Stock (Sigma Labs, Inc.)

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 Purchaser’s lifetime or on the Purchaser’s death by will or intestacy to the Purchaser’s Immediate Family or a trust for the benefit of one or more members of the Purchaser’s Immediate Family or to a trust trust, partnership, limited liability company, custodianship or other fiduciary account for the benefit of the Purchaser or one or more members of the Purchaser’s Immediate Family Family, or the disbursement therefrom to Purchaser or one or more members of his Immediate Family, shall be exempt from the provisions of this Section 3(b)Section, provided that the Purchaser notifies the Company in writing within thirty (30) days of said transfer. “Immediate Family” as used in this Agreement herein shall mean spouse, lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Agreement, including but not limited to this Section 3and Section 4, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3Section.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Nexsan 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 PurchaserHolder’s lifetime or on PurchaserHolder’s death by will or intestacy to PurchaserHolder’s Immediate Family or to a trust for the benefit of Purchaser or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing PurchaserHolder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of the Plan, the Bylaw Provisions and the provisions of the Option Agreement and this Agreement, including this Section 33 and Section 10, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3, the Plan, and the Bylaw Provisions.

Appears in 1 contract

Samples: Stock Option Agreement (Ouster, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b(b) notwithstanding, the transfer of any or all of the Shares during PurchaserHolder’s lifetime or on PurchaserHolder’s death by will or intestacy to PurchaserHolder’s Immediate Family or to a trust for the benefit of Purchaser Holder or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b(b). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing PurchaserHolder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of the Plan, the Bylaw Provisions and the provisions of this Agreement, including this Section 3. and Section Error: Reference source not found, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3., the Plan, and the Bylaw Provisions.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement

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 Purchaser’s 's lifetime or on Purchaser’s 's death by will or intestacy to Purchaser’s 's Immediate Family or to a trust for the benefit of Purchaser or Purchaser’s 's Immediate Family shall be exempt from the provisions of this Section 3(b). “Immediate Family” as used in this Agreement agreement shall mean lineal descendant or antecedent, spouse (or spouse’s 's antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s 's household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Sezzle Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b(b) notwithstanding, the transfer of any or all of the Shares during PurchaserHolder’s lifetime or on PurchaserHolder’s death by will or intestacy to PurchaserHolder’s Immediate Family or to a trust for the benefit of Purchaser Holder or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b(b). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing PurchaserHolder’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the Bylaw Provisions and the provisions of this Agreement, including this Section 3., and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3. and the Bylaw Provisions.

Appears in 1 contract

Samples: Common Stock Purchase Agreement

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during PurchaserHolder’s lifetime or on PurchaserHolder’s death by will or intestacy to PurchaserHolder’s Immediate Family or to a trust for the benefit of Purchaser or PurchaserHolder’s Immediate Family shall be exempt from the provisions of this Section 3(b3(a). “Immediate Family” as used in this Agreement herein shall mean lineal descendant or antecedent, spouse (or spouse’s antecedents), father, mother, brother or sister (or their descendants), stepchild (or their antecedents or descendants), aunt or uncle (or their antecedents or descendants), brother-in-law or sister-in-law (or their antecedents or descendants) and shall include adoptive relationships, or any person sharing Purchaser’s household (other than a tenant or an employee). In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of the Plan, the Bylaw Restrictions, and the provisions of the Option Agreement and this Agreement, including this Section 33 and Section 8, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3, the Plan and the Bylaw Restrictions.

Appears in 1 contract

Samples: Stock Option Agreement (Confluent, Inc.)

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