Transferability of Nomination Right Sample Clauses

Transferability of Nomination Right. (i) The rights of the Seamless Holdings Group set forth in Sections 2.1(b) and 2.1(c) may be directed by such Persons as the Seamless Holdings Group shall determine. The Seamless Holdings Group has initially determined that such rights will be exercised at the direction of a Majority in Interest of the Seamless Holdings Group. Any change to the foregoing may be made with the approval of a Majority in Interest of the Seamless Holdings Group or such other level of consent as a Majority in Interest of the Seamless Holdings Group shall approve. (ii) The rights of the SLW Group set forth in Sections 2.1(b) and 2.1(c) may be directed by such Persons as the SLW Group shall determine. The SLW Group has initially determined that such rights will be exercised at the direction of SLW Stockholder. Any change to the foregoing may be made with the approval of SLW Stockholder or such other level of consent as SLW Stockholder shall approve. (iii) The rights of the GrubHub Group set forth in Sections 2.1(b) and 2.1(c) may be directed by such Persons as the GrubHub Group shall determine. The GrubHub Group has initially determined that such rights will be exercised at the direction of a Majority in Interest of the GrubHub Group, except as set forth in Schedule III. Any change to the foregoing may be made with the approval of a Majority in Interest of the GrubHub Group or such other level of consent as a Majority in Interest of the GrubHub Group shall approve.
Sample 1
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Related to Transferability of Nomination Right

  • Transferability of Registration Rights The registration rights set forth in this Agreement are transferable to each transferee of Registrable Securities. Each subsequent holder of Registrable Securities must consent in writing to be bound by the terms and conditions of this Agreement in order to acquire the rights granted pursuant to this Agreement.

  • Non-Transferability of Option This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only by Optionee. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Optionee.

  • Transferability of Option This Option is not assignable or transferable, in whole or in part, by the Optionee other than by will or by the laws of descent and distribution. During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee or, in the event of his or her disability, by his or her guardian or legal representative.

  • Non-Transferability of Options The Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee.

  • Non-Transferability of RSUs Unless otherwise provided by the Committee in its discretion, RSUs may not be sold, assigned, alienated, transferred, pledged, attached or otherwise encumbered except as provided in Section 9(a) of the Plan. Any purported sale, assignment, alienation, transfer, pledge, attachment or other encumbrance of RSUs in violation of the provisions of this Section 6 and Section 9(a) of the Plan shall be void.

  • Transferability of Options During the lifetime of an Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s guardian or legal representative) may exercise the Option. No Option shall be assignable or transferable by the Optionee to whom it is granted, other than by will or the laws of descent and distribution.

  • Non-Transferability of Award The Award, or any portion thereof, is not transferable except as designated by the Participant by will or by the laws of descent and distribution or pursuant to a domestic relations order. Except as provided in the immediately preceding sentence, the Award shall not be assigned, transferred, pledged, hypothecated or otherwise disposed of by the Participant in any way whether by operation of law or otherwise, and shall not be subject to execution, attachment or similar process. Any attempt at assignment, transfer, pledge, hypothecation or other disposition of the Award contrary to the provisions hereof, or the levy of any attachment or similar process upon the Award, shall be null and void and without effect.

  • Assignability of Registration Rights Except as provided in Section 8.11, no Party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the written consent of the other Party to this Agreement.

  • Nontransferability of Option This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

  • Transferability of Award The rights of the Grantee pursuant to this Agreement are not transferable by Grantee. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Grantee or any permitted transferee thereof. Any purported assignment, alienation, pledge, attachment, sale, transfer or other encumbrance of the RSUs, prior to the lapse of restrictions, that does not satisfy the requirements hereunder shall be void and unenforceable against the Company.

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