Common use of Procedures Upon Permitted Transfer Clause in Contracts

Procedures Upon Permitted Transfer. Before any sale, transfer or other disposition of any of the shares of Common Stock acquired upon exercise of the Option, the Holder agrees to give written notice to the Company of his or her intention to effect such disposition. The notice must describe the circumstances of the proposed transfer in reasonable detail and must specify the manner in which the requirements of Section 10(d) above will be satisfied in connection with the proposed disposition. After (a) legal counsel to the Company has determined in good faith that the requirements of Section 10(d) above will be satisfied and (b) the Holder has executed such documentation as may be necessary to effect the proposed disposition, the Company will, as soon as practicable, transfer such shares in accordance with the terms of the notice. Any stock certificate issued upon such transfer will bear a restrictive legend, in the form set forth in Section 10(e) of this Agreement, unless in the opinion of the Company's legal counsel such legend is not required. Compliance with the foregoing procedures is in addition to compliance with any separate requirements applicable to the Holder under the Certificate or otherwise.

Procedures Upon Permitted Transfer. Before any sale, transfer or other disposition of any of the shares of Common Stock acquired upon exercise of the Option, the Holder agrees to give written notice to the Company of his or her intention to effect such disposition. The notice must describe the circumstances of the proposed transfer in reasonable detail and must specify the manner in which the requirements of Section 10(d9(d) above will be satisfied in connection with the proposed disposition. After (a) legal counsel to the Company has determined in good faith that the requirements of Section 10(d9(d) above will be satisfied and (b) the Holder has executed such documentation as may be necessary to effect the proposed disposition, the Company will, as soon as practicable, transfer such shares in accordance with the terms of the notice. Any stock certificate issued upon such transfer will bear a restrictive legend, in the form set forth in Section 10(e9(e) of this Agreement, unless in the opinion of the Company's legal counsel such legend is not required. Compliance with the foregoing procedures is in addition to compliance with any separate requirements applicable to the Holder under the Certificate or otherwise.

Procedures Upon Permitted Transfer. Before any sale, transfer or other disposition of any of the shares of Common Stock acquired upon exercise of the Option, the Holder hereby Consultant agrees to give written notice to the Company of his or her intention to effect such disposition. The notice must describe the circumstances of the proposed transfer in reasonable detail and must specify the manner in which the requirements of Section 10(d12(d) above will be satisfied in connection with the proposed disposition. After (a) legal counsel to the Company has determined in good faith that the requirements of Section 10(d12(d) above will be satisfied and (b) the Holder Consultant has executed such documentation as may be necessary to effect the proposed disposition, the Company will, as soon as practicable, transfer such shares Shares in accordance with the terms of the notice. Any stock certificate issued upon such transfer will bear a restrictive legend, in the form set forth in Section 10(e12(e) of this Agreement, unless in the opinion of the Company's legal counsel such legend is not required. Compliance with the foregoing procedures is in addition to compliance with any separate requirements applicable to the Holder Consultant under the Certificate or otherwise.

Procedures Upon Permitted Transfer. Before any sale, transfer or other disposition of any of the shares of Common Stock Option Shares acquired upon exercise of the Option, the Holder agrees to give written notice to the Company of his or her intention to effect such disposition. The notice must describe the circumstances of the proposed transfer in reasonable detail and must specify the manner in which the requirements of Section 10(d12(c) above will be satisfied in connection with the proposed disposition. After (a) legal counsel to the Company has determined in good faith that the requirements of Section 10(d12(c) above will be satisfied and (b) the Holder has executed such documentation as may be necessary to effect the proposed disposition, the Company will, as soon as practicable, transfer such shares in accordance with the terms of the notice. Any stock certificate issued upon such transfer will bear a restrictive legend, in the form set forth in Section 10(e12(d) of this Agreement, unless in the opinion of the Company's legal counsel such legend is not required. Compliance with the foregoing procedures is in addition to compliance with any separate requirements applicable to the Holder under the Certificate or otherwise.