Transfer to Family Members. For purposes of this section, the restriction on the transfer or assignment of an LLC Interest shall not apply to transfers or assignments to the Member’s immediate family, including his or her spouse, parents, siblings, and children, or a trust, corporation, or other entity controlled by the transferring Members.
Transfer to Family Members. Holder's Shares may be transferred by gift to the Holder's family members, provided that the Shares shall remain subject to the terms of this Agreement. For purposes of this Lock-Up Agreement, "family members" shall mean any relationship by blood, marriage or adoption, not more remote than first cousin.
Transfer to Family Members. Notwithstanding anything to the contrary contained in this Agreement, subject to any then-existing agreement with one or more underwriters not to Transfer Shares, each Management Shareholder shall be entitled to Transfer any or all of his Shares to any Family Member, without any requirement to comply with the provisions of Section 4.1.
Transfer to Family Members. The Holder may transfer this Option in amounts of not less than 25,000 shares as a gift to family members, one or more trusts for the benefit of family members, or one or more partnerships of which family members are the only partners, provided that the Holder receives no consideration for the transfer and the transferred Nonqualified Stock Option shall continue to be subject to the same terms and conditions as were applicable to the Nonqualified Stock Option immediately before the transfer.
Transfer to Family Members. A transfer, without consideration, may be made to a Family Member, as provided in Section 2, provided that the Family Member to whom such transfer is made agrees in writing for the benefit of the Stockholder other than the Transferor that such Family Member will vote the Shares owned by him/her/it on all matters upon which the Shares of the Corporation are voted in the same proportion as the Shares owned by Xxxxxxxx and Xxxxxx are voted. If either Xxxxxxxx or Xxxxxx own no Shares, the Shares owned by the Family Member shall be voted in the same manner as the Shares owned by the Stockholder owning Shares are voted. As used in this Section, the term "voted" shall include action taken by written consent, in addition to a vote in person or by proxy.
Transfer to Family Members. A transfer, without consideration, may be made to a Family Member, as provided in Section 2, provided that the Family Member to whom such transfer is made agrees in writing for the benefit of the Stockholder other than the Transferor that such Family Member will vote the Shares owned by him/her/it on all matters upon which the Shares of the Corporation are voted in the same proportion as the Shares owned by
Transfer to Family Members. Notwithstanding anything to the contrary contained herein, each Shareholder shall have the right to transfer all or any of his Shares at any time by will or deed to one or more of his Family members (hereinafter called "Close Assigns"). However, whenever any such Shareholder shall thus dispose of Shares among his Close Assigns, such Close Assigns and the Shares owned by them shall continue to be bound by all of the terms and conditions of this Agreement. Without limiting the foregoing, the option to purchase granted in Section 5 and the right of first refusal granted in Section 6 with reference to the Shares of such Shareholder shall be applicable to the Shares of his Close Assigns as if such Shareholder still owned such Shares.
