Family Transfer definition

Family Transfer means the transfer of quota between spouses, direct lineal descendants and their spouses, direct lineal ancestors and their spouses, and registered partners.

Family Transfer means, with respect to an individual, a Transfer (a) to the Transferor’s Family Group pursuant to applicable laws of descent and distribution or (b) to a revocable trust of which the Transferor is a trustee and of which the primary beneficiaries are the Transferor and/or the Transferor’s Family Group.

Family Transfer means a transfer by gift or testamentary disposition to one or more members of Stockholder's Immediate Family, to a trust solely for the benefit of the Stockholder and/or his or her Immediate Family or to a partnership or limited liability company the partners or shareholders of which are limited to the Stockholder and his or her Immediate Family (provided all such transferees remain subject to this Agreement) and "Immediate Family" means Stockholder's spouse, children or grandchildren (including adopted and stepchildren and grandchildren).

Examples of Family Transfer in a sentence

• In connection with any such transfer, MEFA may impose a Family Transfer Fee.

• For these purposes, a Family Transfer is a transfer of a Non-qualified Stock Option to any person qualifying as a "family member," as term is defined in the General Instructions to Form S-8 as published by the Securities and Exchange Commission ("Form S-8"); provided, however, that no transfer shall be treated as a Family Transfer if the transfer would be treated as a transfer for value for purposes of Form S-8.

• In the event of a Family Transfer to a Family Member who, as the result of a divorce, ceases to be a Family Member, the Transferred Units shall automatically, without notice or action, lose all voting and/or consent rights and such interest will be subject to buy-back pursuant to Section 7.06.

• In the event you transfer shares of Restricted Stock pursuant to a Family Transfer, you shall retain voting control over any such transferred shares unless otherwise approved by the Board.

• A Shareholder shall provide notice to the Company (including the aggregate Current Market Value of all such Transfers) upon the making of any Permitted Family Transfer.

More Definitions of Family Transfer

Family Transfer has the meaning set forth in Section 7.01(a). “Final Distribution” has the meaning set forth in Section 8.02(b). “Fiscal Year” has the meaning set forth in Section 6.02. “Founder(s)” means, Xxxxx Xxxxxx, Xxx Xxxxxx and Xxxx Xxxxxxxxx. “Indemnified Party” has the meaning set forth in Section 5.03(a). “Initial Offer” has the meaning set forth in Section 3.07.

Family Transfer means any Transfer by a Member to a child, stepchild, grandchild, parent, spouse, former spouse, sibling, niece, nephew, mother-in- law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships (each, a “Family Member”), a trust in which any such Family Members (or such Member) have more than fifty percent (50%) of the beneficial interest, a foundation or not-for- profit organization in which any such Family Members (or such Member) control the management of assets, and any other entity in which any such Family Members (or such Member) own more than fifty percent (50%) of the voting interests, provided in all instances that any consent rights provided herein remain with the transferor Member and each transferee will be an Assignee for all purposes hereunder. In the event of a Family Transfer to a Family Member who, as the result of a divorce, ceases to be a Family Member, the Transferred Units shall automatically, without notice or action, lose all voting and/or consent rights and such interest will be subject to buy-back pursuant to Section 7.06. Notwithstanding the above, Class C Units are not transferable.

Family Transfer shall have the meaning set forth in Section 4.4 hereof.

Family Transfer means a transfer pursuant to a bona fide gift to an individual constituting “immediate family” as that term is defined 17 C.F.R. 240.16a-1(c) or to a trust for the benefit of the Management Partner and/or member(s) of the Management Partner’s immediate family.

Family Transfer has the meaning specified in Section 2.03.

Family Transfer means a transfer described in Subsection 8(f) of the Plan.

Family Transfer of Shares shall mean a Transfer (i) pursuant to applicable laws of descent and distribution or (ii) among a Shareholder's family group; provided that the restrictions of this Agreement will continue to be applicable to the Shares after any such transfer and the transferees of such Shares shall agree in writing to be bound by the provisions of this Agreement. A Shareholder's "family group" means such Shareholder's spouse and descendants (whether natural or adopted) and any trust solely for the benefit of such Shareholder and/or such Shareholder's spouse and/or descendants.