Examples of Exempt Transfers in a sentence
For purposes of Exempt Transfers, “control” requires both (a) owning (directly or indirectly) more than fifty percent (50%) of the stock or other equity interests of another person and (b) possessing, directly or indirectly, the power to direct or cause the direction of the management and policies of such person.
Until the expiration of 54 months ---------------------------- after the date of this Agreement, Executive shall not sell, transfer, assign, pledge or otherwise dispose of any interest in any shares of Executive Stock, except for Exempt Transfers (as defined in paragraph 4(b) below) and sales to the public pursuant to Rule 144 promulgated under the 1933 Act or any similar rule then in force.
The Shareholder will not sell, pledge or otherwise directly or indirectly transfer any interest in or any beneficial interest in any shares of Shareholder Stock except pursuant to the provisions of Sections 3, 5, 6 or 7 of this Agreement ("Exempt Transfers") and except pursuant to the provisions of this Section 4.
Notwithstanding the foregoing, no party hereto shall avoid the provisions of this Agreement by making one or more Exempt Transfers to one or more transferees and then disposing of all or any portion of such party’s interest in such transferee if such disposition would result in such transferee ceasing to be a Permitted Transferee.
You shall not sell, pledge or otherwise transfer any interest in any Option Shares except pursuant to a Public Sale or the provisions of paragraph 12 or 16 hereof ("Exempt Transfers") and except pursuant to the provisions of this paragraph 14.