Common use of Transfer of Restricted Shares Clause in Contracts

Transfer of Restricted Shares. The Stockholder shall not transfer, assign, encumber or otherwise dispose of any Restricted Shares without the Company’s written consent, except as provided in the following sentence. The Stockholder may transfer Restricted Shares to one or more members of McCanne’s Immediate Family or to a trust established by the Stockholder or XxXxxxx for the benefit of XxXxxxx and/or one or more members of McCanne’s Immediate Family, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Stockholder transfers any Restricted Shares, then this Agreement shall apply to the Transferee to the same extent as to the Stockholder.

Transfer of Restricted Shares. The Stockholder shall not transfer, assign, encumber or otherwise dispose of any Restricted Shares without the Company’s written consent, except as provided in the following sentence. The Stockholder may transfer Restricted Shares to one or more members of McCanne’s Xxxxxxxx’x Immediate Family or to a trust established by the Stockholder or XxXxxxx Xxxxxxxx for the benefit of XxXxxxx Xxxxxxxx and/or one or more members of McCanne’s Xxxxxxxx’x Immediate Family, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Stockholder transfers any Restricted Shares, then this Agreement shall apply to the Transferee to the same extent as to the Stockholder.