Voluntary Transfers of Shares. A. Except as otherwise expressly permitted elsewhere in this Agreement in connection with a transfer of shares to the Company, if the Shareholder desires to voluntarily dispose of some or all of his shares to a Permitted Transferee and only after compliance with the following provisions. The Shareholder shall first give written notice to the Company of his intention to dispose of such shares, identifying the number of shares that the Shareholder desires to dispose of, the proposed purchase price per share and the name of the proposed purchaser (the “Offer”) and attaching an exact copy of the Offer received by the Shareholder.
Voluntary Transfers of Shares. If a Shareholder desires to sell, donate, pledge, hypothecate, encumber or otherwise transfer any Shares, such Shareholder (the “offeror”) shall give written notice thereof to the Corporation and the other Shareholders (the “offeror’s notice”), which notice shall set forth the number of Shares to be transferred, the name and address of the proposed transferee or other parties in question, the proposed price or consideration to be paid or given, and all other pertinent details of the proposed sale, donation, pledge, hypothecation, encumbrance or other transfer. The Offeror’s notice also shall contain an offer to sell such Shares to the Corporation and the other Shareholders, in accordance with the provisions of this Article 2. For a period of sixty (60) days after receipt of offeror’s notice (the “initial option period”), the Corporation shall have the right to purchase all or any part of the Shares offered for the price and upon the terms and conditions provided in this Article 2, by giving notice of its intention to purchase to the offeror and to the other Shareholders within the initial option period. The Corporation shall have the right to assign and transfer this option. If the Corporation fails, refuses or is legally unable to exercise its options to purchase all or any part of the Shares offered within the initial option periods, the other Shareholders shall have the right to purchase all or any part of the Shares offered as are not purchased by the Corporations, for the price and upon the terms and conditions provided in this Article 2, by giving noticed of intention to purchase to the offeror and all other parties hereto within ten (10) days after the expiration of the initial option period. Each of the other Shareholders shall have the right to purchase that portion of the Shares offered and not purchased by the Corporation as the number of Shares owned by each bears to the total number of Shares owned by all of the Shareholders (other than the offeror). If a Shareholder does not elect to purchase his full portion of such Shares within ten (10) days after the expiration of the initial option period, the remaining Shareholders shall have the right to purchase, in the aforesaid proportions, all of the Shares not purchased by giving notice of intention to purchase to the offeror and all other parties hereto on or before the date which is twenty (20) days after the expiration of the initial option period. The purchase price of each of the Shares purch...
Voluntary Transfers of Shares. (a) Except as otherwise expressly permitted elsewhere in this Agreement in connection with a transfer of Shares to the Company, a Shareholder desiring to voluntarily dispose of some or all of his, her or its Shares to a Permitted Transferee (whether or not such Permitted Transferee is a Shareholder) may do so only pursuant to receipt of a bona fide offer to purchase from such Permitted Transferee (the “Offer”) and only after compliance with the following provisions. Such transferring Shareholder shall first give written notice to the Company of his, her or its intention to dispose of such Shares, identifying the number of Shares that such Shareholder desires to dispose of, the proposed purchase price per Share and the name of the proposed purchaser and attaching an exact copy of the Offer received by such Shareholder.
Voluntary Transfers of Shares. (a) The Shareholder agrees that, during his lifetime, he will not sell any of his Shares, except (i) upon the conditions set forth in this Section 9; or (ii) with the prior written consent of the Corporation.
Voluntary Transfers of Shares
