Examples of Transfer Restriction Agreement in a sentence
The members of the Penny family (principal stockholders) have a Stock Transfer Restriction Agreement that prohibits, with limited exceptions, such members from transferring their Class B Common Stock acquired prior to November 30, 1995, without first offering such stock to the other members of the Penny family.
In the event the PC 1 shares or the PC 2 shares are transferred to a Designated Transferee pursuant to a Stock Transfer Restriction Agreement, such Designated Transferee will be required to execute a new stock transfer restriction agreement having terms substantially similar to the existing Stock Transfer Restriction Agreement.
Pursuant to the appraisal formula and procedure laid out in the Stock Transfer Restriction Agreement, Sharp and the Scarberrys retained Theodore F.
Paragragh 6(a) of the Stock Option Agreement references the appraisal formula as the "Formula Price" determined under paragraph 9 of the Stock Transfer Restriction Agreement.
Furthermore, in recognition of Lane's service to Sharp, the employment agreement referenced a Stock Option Agreement and a Stock Transfer Restriction Agreement.