Common use of Transfer of Unvested Shares Clause in Contracts

Transfer of Unvested Shares. The holders of Unvested Shares shall not Transfer any interest in the Unvested Shares, except (i) pursuant to applicable laws of descent and distribution, to such Person's legal guardian in the case of any mental incapacity, or among such Person's Family Group or (ii) pursuant to the provisions of Section 3 hereof. The restrictions set forth in this Section 4(a) will continue with respect to each Unvested Share until the consummation of a sale of the Company approved by the Board and the holders of a majority of the Common Shares then outstanding (an "Approved Sale").