Transfer of Shares by the Stockholder Sample Clauses
The "Transfer of Shares by the Stockholder" clause defines the rules and conditions under which a stockholder may sell, assign, or otherwise transfer their shares in the company. Typically, this clause outlines any required approvals, such as board or other shareholders' consent, and may specify restrictions like rights of first refusal or limitations on transfers to competitors. Its core function is to control changes in company ownership, protect existing shareholders' interests, and prevent unwanted parties from acquiring shares.
Transfer of Shares by the Stockholder. Prior to the Article I Termination Date, each Stockholder agrees not to sell, transfer, assign, convey or otherwise dispose of, directly or indirectly, any of the Subject Shares held by the Stockholder to any persons controlling, controlled by or under common control with the Stockholder who do not agree to become bound by the terms of this Agreement or to any other Person for the primary purpose of the circumvention of the obligations under this Agreement.
Transfer of Shares by the Stockholder. Prior to the Termination Date, the Stockholder shall not (a) subject any of the Option Shares to, or suffer to exist on any of the Option Shares, any lien, pledge, security interest, charge or other encumbrance or restriction, other than pursuant to this Agreement, or (b) sell, transfer, assign, convey or otherwise dispose of any of the Option Shares (including any such action by operation of law), other than a disposition by operation of law pursuant to the Merger. Prior to the record date for the SPR stockholder meeting to vote on the Reorganization Agreement, neither the Stockholder nor any member of the Stockholder Group will sell, transfer, assign, convey or otherwise dispose of any of the Stockholder Shares (including any such action by operation of law).