Joint Tenancy. As a joint tenant with respect to some or all of the Shares subject to this Agreement, the Joint Tenant hereby represents and acknowledges that she has read and understands the terms and provisions set forth herein. In furtherance of the consummation of the transactions described in this Agreement, the Joint Tenant hereby expressly gifts and transfers to the Executive all right, title and interests in such of the Shares held in joint tenancy, such gift and transfer taking effect immediately prior to and in connection with the consummation of the transactions described herein. The Joint Tenant hereby agrees and acknowledges that the effect of this Section 2.6 is to terminate her joint tenancy interest in any of the Shares held in joint tenancy as of the date hereof.
Appears in 6 contracts
Samples: Management Stock Purchase and Unit Subscription Agreement (Mg Waldbaum Co), Management Stock Purchase and Unit Subscription Agreement (Mg Waldbaum Co), Management Stock Purchase and Unit Subscription Agreement (Mg Waldbaum Co)
