TRANSFERABILITY OF OHSI STOCK Sample Clauses

TRANSFERABILITY OF OHSI STOCK. Provided any transferee under this subsection acknowledges any restrictions placed on the OHSI Stock, nothing in this Agreement shall prevent the OHSI Stock from being transferred in whole, or in part, to one or more members of Stockholder's family, to a trust established for Stockholder's benefit or the benefit of one or more of the members of the Stockholder's family, to a family partnership (general or limited) established by Stockholder or one or more of the members of Stockholder's family, or to any other entity that is owned by Stockholder and one or more of the members of Stockholder's family.
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TRANSFERABILITY OF OHSI STOCK. Provided any transferee under this subsection acknowledges any restrictions placed on the OHSI Stock, nothing in this Agreement shall prevent the OHSI Stock from being transferred in whole, or in part, to one or more members of any Stockholder's family, to a trust established for any Stockholder's benefit or the benefit of one or more of the members of any Stockholder's family, to a family partnership (general or limited) established by any Stockholder's or one or more of the members of any Stockholder's family, or to any other entity that is owned by any Stockholder and one or more of the members of any Stockholder's family. In the event that the OHSI Stock is transferred to any permitted transferee in accordance with this SECTION 2.3, such permitted transferee shall be entitled to all of the rights of Stockholder pursuant to this Agreement. In addition, nothing in this Agreement shall prevent the Omega Stock that is not subject to the indemnification and escrow arrangement provided for in the Stock Pledge and Escrow Agreement from being sold or transferred, in whole or in part, to an unrelated third party so long as the applicable registration and qualifications requirements of the federal and state securities laws are complied with or such sale or transfer is exempt from such registration and qualification requirements.
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TRANSFERABILITY OF OHSI STOCK. Provided any transferee under this subsection acknowledges any restrictions placed on the OHSI Stock, nothing in this Agreement shall prevent the OHSI Stock from being transferred in whole, or in part, to one or more members of Stockholder's family, to a trust established for Stockholder's benefit or the benefit of one or more of the members of the Stockholder's family, to a family partnership (general or limited) established by Stockholder or one or more of the members of Stockholder's family, or to any other entity that is owned by Stockholder or one or more of the members of Stockholder's family. ARTICLE III. ------------ THE CLOSING ----------- The closing of the Merger contemplated herein (the "Closing") shall take place at such time and place as the parties hereto may agree in writing (the "Closing Date"). The parties agree that the Closing Date shall be extended, if required, to allow either party to fulfill any condition of this Agreement, but in no event shall the Closing Date extend beyond April 30, 1997, unless such extension is agreed to in writing by all of the parties.
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Related to TRANSFERABILITY OF OHSI STOCK

  • Transferability of Option The Option shall not be transferable except by will or the laws of descent and distribution, and any attempt to do so shall void the Option.

  • 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.

  • Nontransferability of Shares The Shares acquired by the undersigned pursuant to this Agreement shall not be sold, transferred, pledged, assigned or otherwise encumbered or disposed of except as provided below and in the Plan.

  • Transferability of Warrant Subject to Section 2(h) hereof, this Warrant may be transferred by a Holder, in whole or in part, without the consent of the Issuer. If transferred pursuant to this paragraph, this Warrant may be transferred on the books of the Issuer by the Holder hereof in person or by duly authorized attorney, upon surrender of this Warrant at the principal office of the Issuer, properly endorsed (by the Holder executing an assignment in the form attached hereto) and upon payment of any necessary transfer tax or other governmental charge imposed upon such transfer. This Warrant is exchangeable at the principal office of the Issuer for Warrants to purchase the same aggregate number of shares of Warrant Stock, each new Warrant to represent the right to purchase such number of shares of Warrant Stock as the Holder hereof shall designate at the time of such exchange. All Warrants issued on transfers or exchanges shall be dated the Original Issue Date and shall be identical with this Warrant except as to the number of shares of Warrant Stock issuable pursuant thereto.

  • 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.

  • Transferability of the Warrant Subject to the provisions of this Warrant with respect to compliance with the Securities Act of 1933, as amended (the “Securities Act”) and limitations on assignments and transfers, including without limitation compliance with the restrictions on transfer set forth in Section 5, title to this Warrant may be transferred by endorsement (by the transferor and the transferee executing the assignment form attached as Exhibit B (the “Assignment Form”)) and delivery in the same manner as a negotiable instrument transferable by endorsement and delivery.

  • 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.

  • Nontransferability of Options The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's personal representatives and their authority and of the right of any heir or distributee to exercise the Option.

  • 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.

  • 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.

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