Common use of Prohibition on Transfer Clause in Contracts

Prohibition on Transfer. Subject to the provisions of Section 6, the Management Investor agrees that the Management Investor will not, on or prior to the tenth anniversary of this Agreement, directly or indirectly, sell, pledge, give, bequeath, transfer, assign or in any other way whatsoever encumber or dispose of (a "transfer') any Common Stock (or any interest therein) acquired hereunder, except for transfers (i) pursuant to this Section 3 or Sections 4, 7, 8, or 9 of this Agreement or (ii) as may be specifically authorized by the Board of Directors of the Company in its sole discretion (either of (i) or (ii), a "Permitted Transfer").

Prohibition on Transfer. Subject to the provisions of Section 6, the Management Investor agrees that the Management Investor will not, on or prior to the tenth anniversary of this Agreement, directly or indirectly, sell, pledge, give, bequeath, transfer, assign or in any other way whatsoever encumber or dispose of (a "transfer'") any Common Stock (or any interest therein) acquired hereunder, except for transfers (i) pursuant to this Section 3 or Sections 4, 7, 8, or 9 of this Agreement or (ii) as may be specifically authorized by the Board of Directors of the Company in its sole discretion (either of (i) or (ii), a "Permitted Transfer").

Prohibition on Transfer. Subject to the provisions of Section 6, neither the Management Investor agrees that the Management Investor will notnor any other Holder (as defined in Section 7(a)) shall, on or prior to the tenth fifth anniversary of this Agreement, directly or indirectly, sell, pledge, give, bequeath, transfer, assign or in any other way whatsoever encumber or dispose of (a "transfer'") any Common Stock Covered Shares (as defined in Section 7(a)) (or any interest therein) acquired hereunder), except for transfers (i) pursuant to this Section 3 or Sections 4, 7, 8, or 9 of this Agreement or (ii) as may be specifically authorized by the Board of Directors of the Company in its sole discretion (either of (i) or (ii), a "Permitted Transfer").