Subchapter S Election. If at the time of a transfer of stock permitted hereunder, the Corporation then is an "S" corporation, the transferee and new stockholder shall be required to consent in writing not to revoke such "S" election without the unanimous approval of all other stockholders. Such written consent shall be executed and delivered prior to the delivery of the shares to the transferee at the closing of such sale and transfer.
Appears in 4 contracts
Samples: Buy Sell Agreement, Buy Sell Agreement, Buy Sell Agreement (Humitech International Group Inc)
