Common use of Restriction on Transfer of Shares Clause in Contracts

Restriction on Transfer of Shares. 1. Transfers of shares of the Company shall require the approval of the board of directors. 2. If the board of directors does not approve an application for a particular share transfer, the board of directors shall designate another transferee for such share transfer.

Appears in 2 contracts

Samples: Joint Venture Agreement (Netsource Communications Inc), Joint Venture Agreement (Netsource Communications Inc)

AutoNDA by SimpleDocs

Restriction on Transfer of Shares. 1. Transfers Transfer of shares of the Company shall require be subject to the approval of the board Board of directors. 2. If the board of directors does not approve an application for a particular share transfer, the board of directors shall designate another transferee for such share transferDirectors.

Appears in 2 contracts

Samples: Shareholders Agreement (Insweb Corp), Shareholders Agreement (E Loan Inc)

Restriction on Transfer of Shares. 1. Transfers Any transfer of shares of stock of the Company shall require approval by the approval Board of the board of directors. 2. If the board of directors does not approve an application for a particular share transfer, the board of directors shall designate another transferee for such share transferDirectors.

Appears in 1 contract

Samples: Joint Venture Agreement (Ask Jeeves Inc)

Restriction on Transfer of Shares. 1. Transfers Any transfer of shares of the Company shall require the be subject to approval of the board Board of directors. 2. If the board of directors does not approve an application for a particular share transfer, the board of directors shall designate another transferee for such share transferDirectors.

Appears in 1 contract

Samples: Share Sale and Purchase Agreement (Advanced Semiconductor Engineering Inc)

Restriction on Transfer of Shares. 1. Transfers of shares of the Company shall require the The unanimous approval of the board Board of directors. 2. If Directors shall be required for the board transfer of directors does not approve an application for a particular share transfer, the board of directors shall designate another transferee for such share transfershares.

Appears in 1 contract

Samples: Shareholders Agreement (Actuate Software Corp)

AutoNDA by SimpleDocs

Restriction on Transfer of Shares. 1. Transfers The transfer of shares of the Company shall require the approval be approved by a resolution of the board Board of directors. 2. If the board of directors does not approve an application for a particular share transfer, the board of directors shall designate another transferee for such share transferDirectors.

Appears in 1 contract

Samples: Joint Venture Agreement (Internet Initiative Japan Inc)

Restriction on Transfer of Shares. 1. Transfers All transfers of the shares of the Company shall require the be subject to approval of the board Board of directors. 2. If the board of directors does not approve an application for a particular share transfer, the board of directors shall designate another transferee for such share transferDirectors.

Appears in 1 contract

Samples: Distributor Agreement (Credence Systems Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.