Examples of Transfer Restriction Agreement in a sentence
The Company shall initially have five (5) managers (each, a “Manager” and, collectively, the “Managers”) and the Managers serving on the Board shall be appointed and removed by a Majority Interest of the Members, subject to the terms of the Voting and Transfer Restriction Agreement.
For so long as Founder holds shares, Founder shall have all the rights of a stockholder (including voting and dividend rights) with respect to the Shares, subject in all respects to the provisions of any Transfer Restriction Agreement.
If any such transferee is not a party to such an agreement prior to such Transfer, then the Holder shall cause such person to become a party to this Agreement or another such Transfer Restriction Agreement and shall deliver to the Company a duly executed copy hereof or thereof prior to the consummation of such Transfer.
Neither this Option nor the Option shares have -------------------- been registered under the Securities Act of 1933, and this Option cannot be sold or transferred, and the Option shares obtained by the exercise of this Option cannot be sold or transferred except in accordance with the Stock Transfer Restriction Agreement entered into concurrently herewith, and in accordance with all applicable state and federal securities laws.
Contemporaneously herewith, the Stockholders --------------------- and Parent are executing and delivering a Stock Transfer Restriction Agreement and a Registration Rights Agreement.