Transfer to Family Members Sample Clauses

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.
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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.
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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.
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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.
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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
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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.
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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.
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Related to Transfer to Family Members

  • Transfer to Affiliates For the avoidance of doubt, transfer of employment among the Company and any of its Affiliates shall not constitute a termination of employment for purposes of this Award.

  • Immediate Family The members of your “immediate family” are deemed to include the following: your spouse; your parents; your children; your siblings; your mother-in-law or father-in-law; your sons- and daughters-in-law; and your brothers- and sisters-in-law.

  • Transferees Any permitted transferee to whom rights under this Agreement are transferred shall, as a condition to such transfer, deliver to the Company a written instrument by which such transferee agrees to be bound by the obligations imposed upon the Purchaser under this Agreement to the same extent as if such transferee were a Purchaser hereunder.

  • Initial Beneficial Ownership Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.5 and until the issuance of the Excess Distribution Certificate, the Depositor shall be the sole beneficial owner of the Trust.

  • Disclosure of Beneficial Ownership Notwithstanding any other provision of the Deposit Agreement or this ADR, each Holder and Beneficial Owner agrees to comply with requests from the Company pursuant to the laws of Jersey or The United Kingdom, the rules of the London Stock Exchange and any other stock exchange on which the Shares are, or will be, registered, traded or listed or the Memorandum and Articles of Association of the Company, which are made to provide information, inter alia, as to the capacity in which such Holder and Beneficial Owner owns ADSs (and Shares as the case may be) and regarding the identity of any other person interested in such ADSs and the nature of such interest, whether or not they are Holders at the time of such request. The Depositary agrees to use its reasonable efforts to comply, at the Company's expense, with written instructions received from the Company requesting that the Depositary forward any such request from the Company to the Holder and to forward to the Company any such responses to such requests received by the Depositary. Each Holder or Beneficial Owner agrees that such Holder or Beneficial Owner, (i) is bound by and subject to the Articles of Association of the Company as if such Holder were a registered holder of Shares and (ii) will provide such information within the prescribed period as the Company may request in a disclosure notice ("Disclosure Notice") given pursuant to any applicable provision of Jersey or United Kingdom law or the Articles of Association of the Company. Each Holder and Beneficial Owner further acknowledges that failure by such Holder or Beneficial Owner to provide on a timely basis the information required in any Disclosure Notice may result in the withholding of certain rights in respect of such Holder's or Beneficial Owner's American Depositary Shares including, without limitation, voting rights, the right to receive dividends or other payments and rights of free transferability in respect of the Shares represented by such American Depositary Shares. Each Holder and Beneficial Owner agrees to comply with all applicable provisions of Jersey and United Kingdom law and the Articles of Association of the Company with regard to notification to the Company of such Holder's or Beneficial Owner's interest in Shares, including any provision requiring such Holder to disclose within a prescribed period an interest in Shares equal to or in excess of three percent (3%) of such Shares outstanding or such other percentage as may be required from time to time pursuant to any provision of Jersey or United Kingdom law or the Articles of Association of the Company.

  • Permitted Transferees The rights of a Holder hereunder may be assigned (but only with all related obligations as set forth below) in connection with a Transfer of Registrable Securities to a Permitted Transferee of that Holder. Without prejudice to any other or similar conditions imposed hereunder with respect to any such Transfer, no assignment permitted under the terms of this Section 4.4 will be effective unless the Permitted Transferee to which the assignment is being made, if not a Holder, has delivered to the Company a written acknowledgment and agreement in form and substance reasonably satisfactory to the Company that the Permitted Transferee will be bound by, and will be a party to, this Agreement. A Permitted Transferee to whom rights are transferred pursuant to this Section 4.4 may not again transfer those rights to any other Permitted Transferee, other than as provided in this Section 4.4.

  • Transfers to Permitted Transferees Prior to the transfer of Units to a Permitted Transferee (other than a transfer in connection with or subsequent to a Sale of the Company), the Executive shall deliver to Investors a written agreement of the proposed transferee (a) evidencing such Person's undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Units transferred to such Person will continue to be Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Units in violation of any provision of this Agreement or the Securityholders Agreement shall be void, and Investors shall not record such transfer on its books or treat any purported transferee of such Units as the owner of such Units for any purpose.

  • Beneficial Ownership Information Prompt written notice of any changes to the beneficial ownership information set out in Section 14 of the Perfection Certificate. Borrower understands and acknowledges that Bank relies on such true, accurate and up-to-date beneficial ownership information to meet Bank’s regulatory obligations to obtain, verify and record information about the beneficial owners of its legal entity customers;

  • Beneficial Ownership of Other Securities of the Company Owned by the Selling Securityholder Except as set forth below in this Item 5, the undersigned is not the beneficial or registered owner of any securities of the Company other than the Registrable Securities listed above in Item 3.

  • Permitted Transferee 26 Person ......................................................................................26

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