Family Transferee definition

Family Transferee means any of RST, WST, GTK, any Immediate Family of any of the foregoing Persons, any Family Trust with respect to any of the foregoing Persons (so long as such Family Trust remains a Family Trust of the foregoing Persons), or any entity consisting of or owned entirely by one (1) or more of the foregoing Persons (so long as such entity remains owned entirely by such Persons).

Family Transferee means certain immediate family members or related entities of the Taubman family.

Family Transferee means a (x) Shareholder’s spouse, immediate family members or lineal descendants or (y) any trust, the beneficiaries of which, or corporation, limited liability company or partnership, the shareholders, members or general or limited partners of which, include only persons described in clause (x). In addition, to the extent that the undersigned is an individual, the transfer restrictions set forth in this Agreement shall not apply following the undersigned’s death, termination of employment by Parent or any of its subsidiaries for “Disability,” termination of employment by Parent of any of its subsidiaries without “Cause,” termination of employment by the undersigned for “Good Reason,” termination of employment for “Retirement” or due to a “change in control” (each as defined in the applicable agreements between the undersigned and Parent).

Examples of Family Transferee in a sentence

• During the lifetime of an Optionee, a Non-Qualified Option shall be exercisable only by the Optionee or his or her Family Transferee.

• A ("Family Transferee") is a transferee that is a Family Trust, Family Entity or a member of the immediate family of an Optionee.

• Only in the event such Affiliate Transferee or Family Transferee shall become an Affiliate of the Company as a result of any permitted transfer hereunder, such Affiliate Transferee or Family Transferee shall agree in writing to be bound by the terms of this Agreement.

• Any such Affiliate Transferee or Family Transferee shall be considered a "Permitted Transferee" for purposes of this Agreement.

• Within thirty (30) days of an occurrence of a Call Event, the Optionee, Family Transferee, or the Optionee’s or Family Transferee’s personal representative, executor, or other legal representative, as appropriate, will give written notice of such Call Event to the Company specifying: (a) the date of the Call Event; (b) a reasonably detailed description of the Call Event; and (c) the number of shares of stock affected.

More Definitions of Family Transferee

Family Transferee means a (x) Shareholder’s spouse, immediate family members or lineal descendants or (y) any trust, the beneficiaries of which, or corporation, limited liability company or partnership, the shareholders, members or general or limited partners of which, include only persons described in clause (x). In addition, to the extent that the undersigned is an individual, the transfer restrictions set forth in this Agreement shall not apply following the undersigned’s death, termination of employment by Parent, the Company or any of their respective subsidiaries for “Disability,” termination of employment by Parent, the Company or any of their respective subsidiaries without “Cause,” termination of employment by the undersigned for “Good Reason,” termination of employment for “Retirement” or due to a “Change in Control” (each as defined in the applicable agreements between the undersigned and the Company).

Family Transferee means the spouse, sibling and/or descendant (whether biological or by adoption or step-relationship) of the transferor and/or a trust for the benefit of the transferor and/or any of the foregoing persons; and

Family Transferee means, with respect to any Stockholder, (i) any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law of such Stockholder, and shall include adoptive relationships, or any custodial arrangement or trust for the benefit of one or more of such persons, or (ii) any partnership, limited liability company, corporation or other legal entity all of whose partners, members or equity holders are persons described in (i) above.

Family Transferee has the meaning given to it in Section 16(b).

Family Transferee means (A) a spouse, child, parent, grandchild or sibling of Executive or (B) a trust established by Executive, or a trustee, fiduciary, custodian or foundation designated by Executive, that will hold the Shares for the benefit of Executive or for the benefit of any of the persons described in item (A) above in this sentence.

Family Transferee means (A) a spouse, child, parent, grandchild or sibling of a Shareholder or (B) a trust established by a Shareholder, or a trustee, fiduciary, custodian or foundation designated by a Shareholder, that will hold shares of Stock for the benefit of the Shareholder or for the benefit of any of the persons described in item (A) above in this sentence. Notwithstanding the foregoing or any other provisions of this Agreement, no transfer or disposition of Stock shall be made by any Shareholder in contravention of Section 2.7.

Family Transferee means James D. Slavik, John H. Slavik, Paul A. Slavik and Susan Slavxx Xxxxxxxx, xxd xxx xxxxxxxxxxs xx xxxxxxx xx the fxxxxxxxx xxx xxx xxxxses of any such descendants.