Common use of Exception for Certain Family Transfers Clause in Contracts

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the Transfer of any or all of the Shares during the Optionee’s lifetime or upon 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 Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 4.

Appears in 3 contracts

Samples: Stock Option Agreement (Principia Biopharma Inc.), Stock Option Agreement (Sagimet Biosciences Inc.), Stock Option Agreement (Coherus BioSciences, Inc.)

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Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the Transfer of any or all of the Shares during the Optionee’s lifetime or upon 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 Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 4.

Appears in 2 contracts

Samples: Stock Option Agreement (Coherus BioSciences, Inc.), Stock Option Agreement (Coskata, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the Transfer of any or all of the Shares during the Optionee’s 's lifetime or upon 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 Right of First Refusal. As used herein, "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable, and Option Grant 2000 there shall be no further Transfer of such Shares except in accordance with the terms of this Section 4Section.

Appears in 2 contracts

Samples: Stock Option Agreement (Interchange Corp), Stock Option Agreement (Interchange Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding5 notwithstanding and to the extent permitted by the Administrator, the Transfer of any or all of the Shares during the OptioneePurchaser’s lifetime or upon the OptioneePurchaser’s death by will or intestacy to the OptioneePurchaser’s Immediate Family or a trust for the benefit of the OptioneePurchaser’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of the Plan, this Section 4 (including the Right of First Refusal) Agreement and the Restricted Stock Purchase Agreement, if applicableany other applicable agreements, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 45 (or otherwise as expressly provided under the Plan).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Restoration Robotics Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the Transfer of any or all of the Shares during the Optionee’s 's lifetime or upon 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 Right of First Refusal. As used herein, "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable, and Option Grant 1999 there shall be no further Transfer of such Shares except in accordance with the terms of this Section 4Section.

Appears in 1 contract

Samples: Stock Option Agreement (Interchange Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 5.3 notwithstanding, the Transfer of any or all of the Shares shares of Common Stock during the Optionee’s lifetime or upon 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 Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares shares so Transferred subject to the provisions of this Section 4 5.3 (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable, and there shall be no further Transfer of such Shares shares except in accordance with the terms of this Section 45.3.

Appears in 1 contract

Samples: Stock Option Agreement (ReachLocal Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the Transfer of any or all of the Shares during the OptioneePurchaser’s lifetime or upon the Optioneeon Purchaser’s death by will or intestacy to the OptioneePurchaser’s Immediate Family or a trust for the benefit of the OptioneePurchaser’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable, Section 5 above and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 46.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Demand Media Inc.)

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Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the Transfer of any or all of the Shares during the Optionee’s lifetime or upon 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 Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, registered domestic partner, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 4.

Appears in 1 contract

Samples: Stock Option Agreement (Duolingo, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the Transfer of any or all of the Shares during the Optionee’s 's lifetime or upon the on 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 Right of First Refusal. As used herein, “Immediate Family” "IMMEDIATE FAMILY" shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions hereof, including without limitation the provisions of this Section Sections 4 (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable5 hereof, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 4hereof.

Appears in 1 contract

Samples: Stock Option Agreement (Competitive Companies Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 4 notwithstanding, the Transfer of any or all of the Shares during the Optionee’s lifetime or upon 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 Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) [and the Restricted Stock Purchase Agreement, if applicable, ,] and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 4.

Appears in 1 contract

Samples: Stock Option Agreement (Complete Genomics Inc)

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