Common use of Obligations of Transferees Clause in Contracts

Obligations of Transferees. All transferees of Shares transferred -------------------------- in accordance with the terms of this Agreement shall take said Shares subject to the terms, conditions and restrictions of this Agreement, except the restrictions in Section 2.4 shall only apply to a transferee who is an employee of the Corporation. Such transferee shall, as a condition precedent to the transfer of Shares, sign a counterpart of this Agreement agreeing to be bound by its terms.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Diamond Brands Inc), Non Qualified Stock Option Agreement (Diamond Brands Operating Corp), Non Qualified Stock Option Agreement (Diamond Brands Inc)

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Obligations of Transferees. All transferees of Shares -------------------------- transferred -------------------------- in accordance with the terms of this Agreement shall take said Shares subject to the terms, conditions and restrictions of this Agreement, except the restrictions in Section 2.4 shall only apply to a transferee who is an employee of the Corporation. Such transferee shall, as a condition precedent to the transfer of Shares, sign a counterpart of this Agreement agreeing to be bound by its terms.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Diamond Brands Operating Corp), Non Qualified Stock Option Agreement (Diamond Brands Inc), Non Qualified Stock Option Agreement (Diamond Brands Inc)

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