Common use of Certain Permitted Transfers Clause in Contracts

Certain Permitted Transfers. The restrictions in this Section 4 will not apply with respect to (i) transfers of shares of Executive Stock pursuant to applicable laws of descent and distribution or (ii) transfer of shares of Executive Stock among Executive's Family Group; provided that such restrictions will continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock have agreed in writing to be bound by the provisions of this Agreement.

Appears in 7 contracts

Samples: Senior Management Agreement (Appnet Systems Inc), Senior Management Agreement (Appnet Systems Inc), Senior Management Agreement (Appnet Systems Inc)

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Certain Permitted Transfers. The restrictions in this Section 4 will not apply with respect to (i) transfers of shares of Executive Employee Stock pursuant to applicable laws of descent and distribution or (ii) transfer of shares of Executive Employee Stock among ExecutiveEmployee's Family Group; provided that such restrictions will continue to be applicable to the Executive Employee Stock after any such transfer and the transferees of such Executive Employee Stock have agreed in writing to be bound by the provisions of this Agreement.

Appears in 6 contracts

Samples: Stock Purchase Agreement (Appnet Systems Inc), Stock Purchase Agreement (Appnet Systems Inc), Stock Purchase Agreement (Appnet Systems Inc)

Certain Permitted Transfers. The restrictions contained in this Section 4 will not apply with respect to (i) transfers of shares of Executive Stock pursuant to applicable laws of descent and distribution or (ii) transfer transfers of shares of Executive Stock among Executive's Family Group, other than transfers of the type described in the last sentence of Section 4(a) above; provided that such restrictions will continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock will have agreed in writing to be bound by the provisions of this Agreement.

Appears in 4 contracts

Samples: Senior Management Agreement (American Medserve Corp), Senior Management Agreement (American Medserve Corp), Senior Management Agreement (American Medserve Corp)

Certain Permitted Transfers. The restrictions contained in this Section paragraph 4 will not apply with respect to (i) transfers of shares of Executive Stock pursuant to applicable laws of descent and distribution or (ii) transfer transfers of shares of Executive Stock among Executive's Family Group; provided that such restrictions will continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock have agreed in writing to be bound by the provisions of this Agreement.

Appears in 3 contracts

Samples: Senior Management Agreement (MST Enterprises Inc), Senior Management Agreement (MST Enterprises Inc), Senior Management Agreement (MST Enterprises Inc)

Certain Permitted Transfers. The restrictions contained in this Section 4 will not apply with respect to (i) transfers of shares of Executive Repurchasable Stock pursuant to applicable laws of descent and distribution or (ii) transfer transfers of shares of Executive Repurchasable Stock among Executive's Family Group; provided that such restrictions will continue to be applicable to the Executive Repurchasable Stock after any such transfer and the transferees of such Executive Repurchasable Stock will have agreed in writing to be bound by the provisions of this Agreement.

Appears in 3 contracts

Samples: Senior Management Agreement (American Medserve Corp), Senior Management Agreement (American Medserve Corp), Senior Management Agreement (American Medserve Corp)

Certain Permitted Transfers. The restrictions contained in this Section 4 will not apply with respect to (i) transfers of shares of Executive Director Stock pursuant to applicable laws of descent and distribution or (ii) transfer transfers of shares of Executive Director Stock among ExecutiveDirector's Family Group, other than transfers of the type described in the last sentence of Section 4(a) above; provided that such restrictions will continue to be applicable to the Executive Director Stock after any such transfer and the transferees of such Executive Director Stock will have agreed in writing to be bound by the provisions of this Agreement.

Appears in 3 contracts

Samples: Director Stock Agreement (American Medserve Corp), Director Stock Agreement (American Medserve Corp), Director Stock Agreement (American Medserve Corp)

Certain Permitted Transfers. The restrictions contained in this Section paragraph 4 will not apply with respect to (i) transfers of shares of Executive Stock pursuant to applicable laws of descent and distribution or (ii) transfer of shares of Executive Stock among Executive's Family Group; provided that such restrictions will continue to be applicable to the Executive Stock after any 7 such transfer and the transferees of such Executive Stock have agreed in writing to be bound by the provisions of this Agreement.

Appears in 2 contracts

Samples: Senior Management Agreement (Province Healthcare Co), Senior Management Agreement (Province Healthcare Co)

Certain Permitted Transfers. The restrictions contained in this Section 4 will paragraph 5 shall not apply with respect to (i) transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or distribution, (ii) transfer of shares of Executive Stock among to an Executive's Family GroupMember, or (iii) to Corporate Family Members of such Executive; provided that such restrictions will 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.

Appears in 2 contracts

Samples: Management Equity Agreement (JSG Acquisitions I), Management Equity Agreement (JSG Acquisitions I)

Certain Permitted Transfers. The restrictions contained in this Section 4 will paragraph 5 shall not apply with respect to (i) transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or distribution, (ii) transfer to an Executive’s Family Member, or (iii) to Corporate Family Members of shares of Executive Stock among such Executive's Family Group; provided that such restrictions will 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.

Appears in 2 contracts

Samples: Management Equity Agreement (Smurfit Kappa Acquisitions), Management Equity Agreement (JSG Funding PLC)

Certain Permitted Transfers. The restrictions contained in this --------------------------- Section 4 will not apply with respect to (i) transfers Transfers of shares of Executive Stock pursuant to applicable laws of descent and distribution or (ii) transfer Transfers of shares of Executive Stock among Executive's Family Group; provided that such restrictions will continue to be applicable to the Executive Stock after any such transfer Transfer and the transferees of such Executive Stock have agreed in writing to be bound by the provisions of this Agreement.

Appears in 2 contracts

Samples: Other Senior Management Agreement (Select Medical Corp), Other Senior Management Agreement (Select Medical Corp)

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Certain Permitted Transfers. The restrictions contained in this Section 4 will paragraph 3 shall not apply with respect to (i) transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or (ii) transfer of shares of Executive Stock among Executive's Family Groupfamily group; provided that such the restrictions will contained in this paragraph shall continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock 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).

Appears in 2 contracts

Samples: Executive Stock Agreement (Physicians Formula Holdings, Inc.), Executive Stock Agreement (Physicians Formula Holdings, Inc.)

Certain Permitted Transfers. The restrictions contained in this Section 4 will PARAGRAPH 5 shall not apply with respect to (i) transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or (ii) transfer of shares of Executive Stock among an Executive's Family Groupfamily group; provided that such restrictions will shall continue to be applicable to the shares of such Executive Stock after any such transfer and the transferees of such Executive Stock have agreed in writing to be bound by the provisions of this Agreement.the

Appears in 1 contract

Samples: Management Equity Agreement (Pca Valdosta Corp)

Certain Permitted Transfers. The restrictions in this Section 4 will not apply with respect to any Transfer of Executive Stock made (i) transfers of shares of Executive Stock pursuant to applicable laws of descent and distribution or to such Person’s legal guardian in the case of any mental incapacity or among such Person’s Family Group, or (ii) transfer of shares of Executive Common Stock among Executive's Family Group; provided that at such restrictions will continue to be applicable to time as the Executive Investors sell Common Stock after any such transfer and the transferees of such Executive Stock have agreed in writing to be bound by the provisions of this Agreement.in

Appears in 1 contract

Samples: Senior Management Agreement (VeriFone Holdings, Inc.)

Certain Permitted Transfers. The restrictions in this Section 4 5 will not apply with respect to (i) transfers of shares of Executive Stock pursuant to applicable laws of descent and distribution or (ii) transfer of shares of Executive Stock among Executive's Family Group; provided that such restrictions will continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock have agreed in writing to be bound by the provisions of this Agreement.

Appears in 1 contract

Samples: Senior Management Agreement (Appnet Systems Inc)

Certain Permitted Transfers. The restrictions contained in this Section 4 3 will not apply with respect to (i) transfers of shares of Executive Stock (a) pursuant to applicable laws of descent and distribution or (iib) transfer of shares of Executive Stock among Executive's Family Group; , provided that such restrictions will continue to be applicable to the Executive Stock after any such transfer and the transferees of such Executive Stock have agreed in writing to be bound by the provisions of this Agreement.

Appears in 1 contract

Samples: Stockholders Agreement (U S Aggregates Inc)

Certain Permitted Transfers. The restrictions contained in this Section 4 will PARAGRAPH 5 shall not apply with respect to (i) transfers of shares of Executive Stock (i) pursuant to applicable laws of descent and distribution or (ii) transfer of shares of Executive Stock among Executive's Family Groupfamily group; provided that such restrictions will shall continue to be applicable to the shares of 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

Appears in 1 contract

Samples: Management Equity Agreement (Pca Valdosta Corp)

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