Common use of Restriction on Transfer of Shares Clause in Contracts

Restriction on Transfer of Shares. (a) Except as otherwise provided in this Agreement, Shareholder may not, without the written consent of the Corporation, transfer any Shares subject to this Agreement, including additional shares which Shareholder may acquire at a future date by purchase, stock split, stock dividend or recapitalization, until he shall have given the Corporation the opportunity to buy such Shares on the terms and conditions hereinafter expressed. Any attempted transfer in contravention of this Agreement shall be null and void.