Common use of Excluded Transfers Clause in Contracts

Excluded Transfers. The rights and restrictions contained in Section 8(a) shall not apply with respect to any of the following Transfers of shares of Common Stock: (i) any Transfer of Common Stock by Investors in a Public Offering; (ii) any Transfer of Common Stock to and among the members of Investors and the partners (including limited partners), securityholders, employees, affiliates or family group of such members; and (iii) any Transfer of Common Stock incidental to the exercise, conversion or exchange of such Common Stock in accordance with their terms, any combination of shares (including any reverse stock split) or any recapitalization, reorganization or reclassification of, or any merger or consolidation involving, the Company.

Excluded Transfers. The rights and restrictions contained in Section SECTION 8(a) shall not apply with respect to any of the following Transfers of shares of Common Stock: (i) any Transfer of Common Stock by Investors in a Public Offering; (ii) any Transfer of Common Stock to and among the members of Investors and the partners (including limited partners), securityholders, employees, affiliates or family group of such members; and (iii) any Transfer of Common Stock incidental to the exercise, conversion or exchange of such Common Stock in accordance with their terms, any combination of shares (including any reverse stock split) or any recapitalization, reorganization or reclassification of, or any merger or consolidation involving, the Company.