Common use of Certain Permitted Transfers Clause in Contracts

Certain Permitted Transfers. The restrictions contained in this --------------------------- paragraph 4 shall not apply with respect to transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or (ii) among Executive's family group; provided that such restrictions shall continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock shall have agreed in writing to be bound by the provisions of this Agreement. Executive's "family group" means Executive's spouse and descendants (whether natural or adopted) and any trust solely for the benefit of Executive and/or Executive's spouse and/or descendants.

Appears in 6 contracts

Samples: Executive Stock Agreement (Corinthian Colleges Inc), Executive Stock Agreement (Corinthian Colleges Inc), Executive Stock Agreement (Corinthian Colleges Inc)

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Certain Permitted Transfers. The restrictions contained in this --------------------------- paragraph 4 shall will not apply with respect to transfers of shares of Executive Stock Securities (i) pursuant to applicable laws of descent and distribution or (ii) among Executive's family group; provided that (x) such restrictions shall will continue to be applicable to the Executive Stock Securities after any such transfer and (y) the transferees of such Executive Stock shall Securities have agreed in writing to be bound by the provisions of this Agreement. Executive's "family group" means Executive's spouse and descendants (whether natural or adopted) and any trust solely for the benefit of Executive and/or Executive's spouse and/or descendants.

Appears in 4 contracts

Samples: Executive Stock Agreement (Triumph Group Inc /), Executive Stock Agreement (Triumph Group Inc /), Executive Stock Agreement (Triumph Group Inc /)

Certain Permitted Transfers. The restrictions contained in this --------------------------- paragraph 4 Section 5 shall not apply with respect to transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or (ii) among an Executive's ’s family group; provided that such restrictions shall continue to be applicable to the shares of such Executive Stock after any such transfer and the transferees of such Executive Stock shall have agreed in writing to be bound by the provisions of this Agreement. An Executive's "’s “family group" means such Executive's ’s spouse and descendants (whether natural or adopted) and any trust solely for the benefit of such Executive and/or such Executive's ’s spouse and/or descendants.

Appears in 2 contracts

Samples: Management Equity Agreement (Great Lakes Dredge & Dock CORP), Management Equity Agreement (Great Lakes Dredge & Dock Corp)

Certain Permitted Transfers. The restrictions contained in --------------------------- this --------------------------- paragraph 4 shall not apply with respect to transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or (ii) among Executive's family group; provided that such restrictions shall continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock shall have agreed in writing to be bound by the provisions of this Agreement. Executive's "family group" means Executive's spouse and descendants (whether natural or adopted) and any trust solely for the benefit of Executive and/or Executive's spouse and/or descendants.

Appears in 2 contracts

Samples: Executive Stock Agreement (Corinthian Colleges Inc), Executive Stock Agreement (Corinthian Colleges Inc)

Certain Permitted Transfers. The restrictions contained in this --------------------------- paragraph 4 5 shall not apply with respect to transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or (ii) among an Executive's family group; provided that such restrictions shall continue to be applicable to the shares of such Executive Stock after any such transfer and the transferees of such Executive Stock shall have agreed in writing to be bound by the provisions of this Agreement. An Executive's "family group" means such Executive's spouse and spouse, descendants (whether natural or adopted) ), siblings and siblings' descendants and any trust solely for the benefit of Executive and/or such Executive's spouse spouse, descendants, siblings and/or siblings' descendants.

Appears in 1 contract

Samples: Management Equity Agreement (MDCP Acquisitions I)

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Certain Permitted Transfers. The restrictions contained in --------------------------- this --------------------------- paragraph 4 shall not apply with respect to transfers of shares of Executive Stock (iStock(i) pursuant to applicable laws of descent and distribution or (ii) among Executive's family group; provided that such restrictions shall continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock shall have agreed in writing to be bound by the provisions of this Agreement. Executive's "family group" means Executive's spouse and descendants (whether natural or adopted) and any trust solely for the benefit of Executive and/or Executive's spouse and/or descendants.

Appears in 1 contract

Samples: Executive Stock Agreement (Corinthian Colleges Inc)

Certain Permitted Transfers. The restrictions contained in this --------------------------- paragraph 4 shall not apply with respect to transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or (ii) among Executive's family group; provided that such restrictions shall continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock shall have agreed in writing to be bound by the provisions of this Agreement. Executive's "family group" means Executive's spouse and descendants (whether natural or adopted) and any trust solely for the benefit of Executive and/or Executive's spouse and/or descendants.. (e)

Appears in 1 contract

Samples: Executive Stock Agreement (Corinthian Colleges Inc)

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