Transfer Restrictions Clause Example with 14 Variations from Business Contracts

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. (b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the exercise of this option unless the transferee, as a condition to such transfer, delivers to the ...Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 and Section 5; provided that such a written confirmation shall not be required with respect to (1) Section 4 after such provision has terminated in accordance with Section 4(g) or (2) Section 5 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. -5- 8. Provisions of the Plan. This option is subject to the provisions of the Plan (including the provisions relating to amendments to the Plan), a copy of which is furnished to the Participant with this option. Participant hereby agrees to execute such further instruments and to take such further action as the Company requests to carry out the purposes and intent of the Plan, including, without limitation, restrictions on the transferability of shares of Common Stock, the right of the Company to repurchase shares of Common Stock, the right of the Company to require that shares of Common Stock be transferred in the event of certain transactions, tag-along rights, bring-along rights, redemption and co-sale rights and voting requirements. View More

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. (b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the exercise of this option unless the transferee, as a condition to such transfer, delivers to the ...Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 4, Section 5 and Section 5; 6; provided that such a written confirmation shall not be required with respect to (1) Section 4 5 after such provision has terminated in accordance with Section 4(g) 5(g) or (2) Section 5 6 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. (c) Notwithstanding Section 8(b), if any Shares issued pursuant to the exercise of this option are converted into Nonvoting Shares (as defined below) in accordance with Section 10, such Nonvoting Shares shall be subject to all of the terms and conditions of this Agreement, including without limitation Section 4, Section 5 and Section 6 (each, to the extent then applicable). (d) The Shares acquired under this Agreement shall be subject to the transfer restrictions in Article X of the Company's Amended and Restated Bylaws in addition to, and not in limitation of, the provisions of Section 5 of this Agreement. View More

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. (b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the exercise of this option unless the transferee, as a condition to such transfer, delivers to the ...Company a written instrument in form and substance satisfactory to the Company confirming that such transferee shall be bound by all of the terms and conditions of Section 4. and Section 5; provided that such a written confirmation shall not be required with respect to (1) Section 4 after such provision has terminated in accordance with Section 4(g) or (2) Section 5 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. View More

Transfer Restrictions. (a) This option Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option Option shall be exercisable only by the Participant. 7 (b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the acquired upon exercise of this option Option or any right or interest therein un...less the transferee, as a condition to such transfer, delivers to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 Sections 4, 5, 6, 10, 11 and Section 5; 12; provided that such a written confirmation shall not be required with respect to (1) (i) Section 4 after such provision has terminated in accordance with Section 4(g) or (2) 4(c), (ii) Section 5 after such provision has terminated in accordance with Section 5(b) or (iii) Section 6 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. View More

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. (b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the exercise of this option unless the transferee, as a condition to such transfer, delivers to the ...Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 Sections 4, 5 and Section 5; 6; provided that such a written confirmation shall not be required with respect to (1) Section 4 after such provision has terminated in accordance with Section 4(g) or the terms of such section, (2) Section 5 after such provision has terminated in accordance with Section 5(e) or (3) Section 6 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. 7 8. Provisions of the Plan. This option is subject to the provisions of the Plan (including the provisions relating to amendments to the Plan), a copy of which is furnished to the Participant with this option. View More

Transfer Restrictions. (a) This option Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option Option shall be exercisable only by the Participant. (b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the acquired upon exercise of this option Option or any right or interest therein unle...ss the transferee, as a condition to such transfer, delivers to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 Sections 4, 5, 6, 10, 11 and Section 5; 12; provided that such a written confirmation shall not be required with respect to (1) (i) Section 4 after such provision has terminated in accordance with Section 4(g) or (2) 4(c), (ii) Section 5 after such provision has terminated in accordance with Section 5(b) or (iii) Section 6 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. View More

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. (b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the exercise of this option unless the transferee, as a condition to such transfer, delivers to the ...Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 and Section 5; provided that such a written confirmation shall not be required with respect to (1) (i) Section 4 after such provision has terminated in accordance with Section 4(g) or (2) (ii) Section 5 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. 5 8. Provisions of the Plan. This option is subject to the provisions of the Plan (including the provisions relating to amendments to the Plan), a copy of which is furnished to the Participant with this option. [Remainder of page intentionally left blank.] View More

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. (b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the exercise of this option unless the transferee, as a condition to such transfer, delivers to the ...Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 and Section 5; 4; provided that such a written confirmation shall not be required with respect to (1) Section 4 after such provision has terminated in accordance with Section 4(g) or (2) Section 5 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. View More

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. (b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the exercise of this option unless the transferee, as a condition to such transfer, delivers to the ...Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 and Section 5; provided that such a written confirmation shall not be required with respect to (1) Section 4 after such provision has terminated in accordance with Section 4(g) or (2) Section 5 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. 18 8. Provisions of the Plan. This option is subject to the provisions of the Plan (including the provisions relating to amendments to the Plan), a copy of which is furnished to the Participant with this option. View More

Transfer Restrictions. (a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. (b) The Participant agrees that he or she will not transfer any Shares Units issued pursuant to the exercise of this option unless the transferee, as a condition to such transfer, delivers t...o the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 4, Section 5 and Section 5; 6; provided that such a written confirmation shall not be required with respect to (1) Section 4 after such provision has terminated in accordance with Section 4(g) or 4(g), (2) Section 5 after such provision has terminated in accordance with Section 5(e) or (3) Section 6 after the completion of the lock-up period in connection with the Company's initial underwritten public offering. View More