Common use of Prohibition of Transfer Clause in Contracts

Prohibition of Transfer. Notwithstanding the foregoing provisions of this Section 2, the Company may prohibit transfers of the Shares to the extent it may do so under the laws of the State of Nevada. If the Company desires to prohibit the Stockholder from transferring any Offered Shares to a Proposed Transferee pursuant to Section 2(c), it shall give to the Stockholder written notice of such prohibition within twenty (20) days of the date of the related Offer to the Company pursuant to Section 2(a). If the Company delivers such a notice to the Stockholder with respect to any proposed transfer of Offered Shares to a Proposed Transferee, the Stockholder shall not be entitled to transfer the Offered Shares covered by such notice to the Proposed Transferee.

Appears in 10 contracts

Samples: Stock Restriction Agreement (Tasker Capital Corp), Nonqualified Stock Option Grant Agreement (Tasker Capital Corp), Stock Restriction Agreement (Tasker Capital Corp)

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