Permissible Transferee definition

Permissible Transferee means a transferee that, immediately prior to any transfer, has an Ownership Interest Percentage equal to (i) zero percentage points, plus (ii) any percentage attributable to a prior transfer from, or attribution of ownership from, a Large Investor or another Permissible Transferee;

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Permissible Transferee means any of the following: (1) a member of the Participant's Immediate Family; (2) a trust solely for the benefit of the Participant and/or the Participant's Immediate Family; and (3) a partnership or limited liability company whose only partners or members, as the case may be, are the Participant and/or Permissible Transferees of the Participant as otherwise identified in this definition. "Immediate Family" has the meaning set forth in Rule 16a-1(e) under the Exchange Act, as such rule may be amended from time to time, or any successor rule.

Permissible Transferee means any Family Member.

Examples of Permissible Transferee in a sentence

• Parent agrees that the stop transfer instructions and legends referred to above shall be promptly terminated or removed if the Holder or any Permissible Transferee shall have delivered to Parent or New Tyco a copy of a letter from the staff of the SEC or an opinion of counsel with recognized expertise in securities law matters, in form and substance reasonably satisfactory to Parent and New Tyco, to the effect that such instructions and legends are not required for the purposes of the Securities Act.

• In the event of the Optionee's death, a Permissible Transferee or the executor or administrator of the Optionee's estate, as applicable, may exercise the Option.

• Contact us at the address given on the first page of this Award Agreement if you are interested in transferring your Restricted Stock to a Permissible Transferee.

• No less than one hundred twenty (120) days prior to a Transfer by Parent of a Controlling Interest to an Acceptable Transferee (other than a Permissible Transferee), Parent shall provide to Lessee, with a copy to Member and Lessor, a written notice of the proposed Transfer, including the terms and conditions of the proposed Transfer and the name of the Acceptable Transferee.

• No less than one hundred twenty (120) days prior to a Transfer by Member of a Controlling Interest to an Acceptable Transferee (other than a Permissible Transferee), Member shall provide to Lessee, with a copy to Lessor, a written notice of the proposed Transfer, including the terms and conditions of the proposed Transfer and the name of the Acceptable Transferee.

More Definitions of Permissible Transferee

Permissible Transferee shall have the meaning set forth in Section ----------------------- 13.1 (a) (y) "PersonPerson" means any individual natural person, estate, legal ------------ representative, trust, partnership, association, limited liability company, organization, firm, company or corporation, joint venture, any other business entity unincorporated or incorporated, any nation or any state or territory thereof or any public officer, agency, board or instrumentality thereof.

Permissible Transferee with respect to a transferor means an entity that succeeds to the Member with substantially similar beneficial owners (including a liquidating trust), spouse, parent, child, brother or sister of such Member, including a trust for the benefit of such persons and Affiliates of such persons. Any such Permissible Transferee shall execute a copy of and agree to be bound by this Agreement.

Permissible Transferee shall have the meaning set forth in section 8.4(b)(iii).

Permissible Transferee means any member of the immediate family of an Eligible Director, any trust, whether revocable or irrevocable, solely for the benefit of members of the Eligible Director's immediate family, or any partnership or limited liability company whose only partners or members are members of the Eligible Director's immediate family.

Permissible Transferee means any of the following: (1) a member of the Participant's Immediate Family; (2) a trust solely for the benefit of the Participant and/or the Participant's Immediate Family; and (3) a partnership or limited liability company whose only partners or members, as the case may be, are the Participant and/or Permissible Transferees as otherwise identified in this definition.

Permissible Transferee means any transferee party to a Permissible Transfer.

Permissible Transferee means, with respect to each Shareholder, (i) any other Shareholder, (ii) any spouse, child or grandchild or spouse of a child or grandchild of such Shareholder (a "Family Member"), or (iii) any trust for the benefit of such Shareholder or Family Member of such Shareholder.