Common use of Transfer of Executive Stock Clause in Contracts

Transfer of Executive Stock. Executive shall not sell, transfer, --------------------------- assign, pledge or otherwise dispose of (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) any interest in any shares of Executive Stock (a "Transfer"), except pursuant to (i) the provisions of paragraph 3 hereof, a Sale of the Company or a Public Sale ("Exempt Transfers") or (ii) the provisions of this paragraph 4; provided that in no event shall any Transfer of Executive Stock pursuant to this paragraph 4 be made for any consideration other than cash payable upon consummation of such Transfer or in installments over time. Prior to making any Transfer other than an Exempt Transfer, Executive shall deliver written notice (the "Sale Notice") to the Company and the Investors. The Sale Notice shall disclose in reasonable detail the identity of the prospective transferee(s), the number of shares to be transferred and the terms and conditions of the proposed transfer. Executive shall not consummate any Transfer until 30 days after the Sale Notice has been given to the Company and to the Investors, unless the parties to the Transfer have been finally determined pursuant to this paragraph 4 prior to the expiration of such 30-day period. (The date of the first to occur of such events is referred to herein as the "Authorization Date".)

Transfer of Executive Stock. Executive shall not sell, transfer, --------------------------- assign, pledge or otherwise dispose of (whether with or without consideration and whether voluntarily or involuntarily involun- tarily or by operation of law) any interest in any shares of Executive Stock (a "Transfer"), except pursuant to (i) the provisions of paragraph 3 hereof, a Sale of the Company or a Public Sale ("Exempt Transfers") or (ii) the provisions of this paragraph 4; provided that in no event shall any Transfer of Executive Stock pursuant to this paragraph 4 be made for any consideration other than cash payable upon consummation of such Transfer or in installments over time. Prior to making any Transfer other than an Exempt Transfer, Executive shall deliver written notice (the "Sale Notice") to the Company and the Investors. The Sale Notice shall disclose in reasonable detail the identity of the prospective transferee(s), the number of shares to be transferred and the terms and conditions of the proposed transfer. Executive shall not consummate any Transfer until 30 days after the Sale Notice has been given to the Company and to the Investors, unless the parties to the Transfer have been finally determined pursuant to this paragraph 4 prior to the expiration of such 30-day period. (The date of the first to occur of such events is referred to herein as the "Authorization Date".)

Transfer of Executive Stock. Subject to paragraph 4(a) above, Executive shall not sell, transfer, --------------------------- assign, pledge or otherwise dispose of (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) Transfer any interest in any shares of Executive Stock (a "Transfer")Stock, except pursuant to (i) the provisions of paragraph 3 hereof, the provisions of paragraph 7 of the Stockholders Agreement, a Public Sale or a Sale of the Company or a Public Sale ("Exempt Transfers") or (ii) the provisions of this paragraph 4; provided that in no event shall any Transfer of Executive Stock pursuant to this paragraph 4 be made for any consideration other than cash payable upon consummation of such Transfer or in installments over time. Prior to making any Transfer other than an Exempt Transfer, Executive shall deliver will give written notice (the "Sale Notice") to the Company and the InvestorsInvestor. The Sale Notice shall will disclose in reasonable detail the identity of the prospective transferee(s), the number of shares to be transferred and the terms and conditions of the proposed transfer. Executive shall will not consummate any Transfer until 30 110 days after the Sale Notice has been given to the Company and to the InvestorsInvestor, unless the parties to the Transfer have been finally determined pursuant to this paragraph 4 prior to the expiration of such 30110-day period. (The date of the first to occur of such events is referred to herein as the "Authorization Date").)

Transfer of Executive Stock. Executive shall not sell, transfer, --------------------------- assignas sign, pledge or otherwise dispose of (whether with or without consideration and whether voluntarily or involuntarily involun- tarily or by operation of law) any interest in any shares of Executive Stock (a "Transfer"), except pursuant to (i) the provisions of paragraph 3 hereof, a Sale of the Company or a Public Sale ("Exempt Transfers") or (ii) the provisions of this paragraph 4; provided that in no event shall any Transfer of Executive Stock pursuant to this paragraph 4 be made for any consideration other than cash payable upon consummation of such Transfer or in installments over time. Prior to making any Transfer other than an Exempt Transfer, Executive shall deliver written notice (the "Sale Notice") to the Company and the Investors. The Sale Notice shall disclose in reasonable detail the identity of the prospective transferee(s), the number of shares to be transferred and the terms and conditions of the proposed transfer. Executive shall not consummate any Transfer until 30 days after the Sale Notice has been given to the Company and to the Investors, unless the parties to the Transfer have been finally determined pursuant to this paragraph 4 prior to the expiration of such 30-day period. (The date of the first to occur of such events is referred to herein as the "Authorization Date".)