Common use of Power of Transfer Clause in Contracts

Power of Transfer. Subject to the provisions of this Agreement and any applicable federal or state securities laws, each of the Stockholders shall have the right, with respect to all or a portion of the Shares owned by such Stockholder, either individually or grouped with other Stockholders, to sell, transfer, assign, pledge, encumber convert or otherwise dispose of, including, in the case of any individual Stockholder who may become a signatory hereto, in connection with the death of such Stockholder (“Transfer”), any such Shares. Not less than five (5) Business Days’ notice of any Transfer shall be given to each Member of the XxXxxx Family Committee. Notwithstanding the generality of the foregoing, no such notice shall be required in the case of a transfer by The XxXxxx Family Limited Partnership to Xxxxxxxxxxx X. XxXxxx of Shares representing all or any portion of his limited partnership interest.