Common use of Proof of Succession Clause in Contracts

Proof of Succession. No transfer of the Option by Option Holder by his/her just Will or under the laws of intestacy shall be effective to bind NovaMed unless NovaMed shall have been furnished with written notice thereof and a copy of Option Holder's Last Will and /or such other evidence as the Board of Directors of NovaMed may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions of the Option.

Appears in 2 contracts

Samples: Stock Option Agreement (Novamed Inc), Stock Option Agreement (Novamed Inc)

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Proof of Succession. No transfer of the Option by Option Holder by his/her just Last Will or under the laws of intestacy shall be effective to bind NovaMed unless NovaMed shall have been furnished finished with written notice thereof and a copy of Option Holder's Last Will and /or such other evidence as the Board of Directors of NovaMed may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions of the Option.

Appears in 2 contracts

Samples: Stock Option Agreement (Novamed Inc), Stock Option Agreement (Novamed Inc)

Proof of Succession. No transfer of the Option by Option Holder by his/her just Will or under the laws of intestacy shall be effective to bind NovaMed unless NovaMed shall have been furnished with written notice thereof and a copy of Option Holder's Last Will and /or such other evidence as the Board of Directors of NovaMed may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions of the Option. (d) Notwithstanding any provision of this Agreement to the contrary, the right to exercise the Option will terminate on March 19, 2001. 8.

Appears in 1 contract

Samples: Stock Option Agreement (Novamed Inc)

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Proof of Succession. No transfer of the Option by Option Holder by his/her just Last Will or under the laws of intestacy shall be effective to bind NovaMed unless NovaMed shall have been furnished with written notice thereof and a copy of Option Holder's Last Will and /or such other evidence as the Board of Directors of NovaMed may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions of the Option. (d) Notwithstanding any provision of this Agreement to the contrary, the right to exercise the Option will terminate on March 19, 2001.

Appears in 1 contract

Samples: Stock Option Agreement Agreement (Novamed Inc)

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