Common use of Impermissible Transfers Void Clause in Contracts

Impermissible Transfers Void. The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. Any transfer or attempted transfer of the Shares not in accordance with the terms of this Agreement shall be void.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Gossamer Bio, Inc.), Restricted Stock Agreement (Gossamer Bio, Inc.), Restricted Stock Agreement (Phathom Pharmaceuticals, Inc.)

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Impermissible Transfers Void. The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. Any transfer or attempted transfer of the Shares not in accordance with the terms of this Agreement shall be void.

Appears in 5 contracts

Samples: Stock Option Agreement (GTX Inc /De/), Restricted Stock Agreement (Airgain Inc), Stock Option Agreement (Airgain Inc)

Impermissible Transfers Void. The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. Any transfer or attempted transfer of the Option or any of the Restricted Shares not in accordance with the terms of this Agreement shall be void.

Appears in 4 contracts

Samples: Stock Option Agreement (Phathom Pharmaceuticals, Inc.), Stock Option Agreement (Phathom Pharmaceuticals, Inc.), Stock Option Agreement (Gossamer Bio, Inc.)

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Impermissible Transfers Void. The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. Any transfer or attempted transfer of the Option or any of the Restricted Shares not in accordance with the terms of this Agreement shall be void.

Appears in 1 contract

Samples: Stock Option Agreement (GTX Inc /De/)

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