Common use of TRANSFER TO FAMILY MEMBER Clause in Contracts

TRANSFER TO FAMILY MEMBER. An individual may transfer his or her ------------------------- interest in Licensee or this Agreement to a member of his or her immediate family or to a corporation controlled by such individual, provided that the requirements set forth in paragraphs (a), (b), and (c) of Section 12.2 are met. No transfer fee shall be required for any such transfer.