Common use of Exception for Certain Family Transfers Clause in Contracts

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the Transfer of any or all of the Shares during the Purchaser’s lifetime or upon the Purchaser’s death by will or intestacy to the Purchaser’s Immediate Family or a trust for the benefit of the Purchaser’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Agreement, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 5.

Appears in 6 contracts

Samples: Stockholders’ Agreement (Nevro Corp), 2007 Stock Incentive Plan (Nevro Corp), 2007 Stock Incentive Plan (Nevro Corp)

AutoNDA by SimpleDocs

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 4 notwithstanding, the Transfer of any or all of the Shares during the Purchaser’s Optionee's lifetime or upon the Purchaser’s on Optionee's death by will or intestacy to the Purchaser’s Optionee's Immediate Family or a trust for the benefit of the Purchaser’s Optionee's Immediate Family shall be exempt from the Right of First Refusal. As used herein, "Immediate Family" shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions hereof, including without limitation the provisions of this AgreementSections 4 and 5 hereof, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 5hereof.

Appears in 5 contracts

Samples: Stock Option Agreement (Black Ridge Oil & Gas, Inc.), Stock Option Agreement (Imaging3 Inc), Stock Option Agreement (Ante5, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 4 notwithstanding, the Transfer of any or all of the Shares during the PurchaserOptionee’s lifetime or upon the Purchaseron Optionee’s death by will or intestacy to the PurchaserOptionee’s Immediate Family or a trust for the benefit of the PurchaserOptionee’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions hereof, including without limitation the provisions of this AgreementSections 4, 5 and 6 hereof, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 5hereof.

Appears in 5 contracts

Samples: Stock Option Agreement (Demand Media Inc.), Stock Option Agreement (Demand Media Inc.), Stock Option Agreement (Demand Media Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 4 notwithstanding, the Transfer of any or all of the Shares during the PurchaserOptionee’s lifetime or upon the Purchaseron Optionee’s death by will or intestacy to the PurchaserOptionee’s Immediate Family or a trust for the benefit of the PurchaserOptionee’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions hereof, including without limitation the provisions of this AgreementSections 4 and 5 hereof, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 5hereof.

Appears in 3 contracts

Samples: Stock Option Agreement (Envision Solar International, Inc.), Non Qualified Stock Option Agreement (Black Ridge Oil & Gas, Inc.), Incentive Stock Option Agreement (Black Ridge Oil & Gas, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 4 notwithstanding, the Transfer of any or all of the Shares during the PurchaserOptionee’s lifetime or upon the PurchaserOptionee’s death by will or intestacy to the PurchaserOptionee’s Immediate Family or a trust for the benefit of the PurchaserOptionee’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, if applicable, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 54.

Appears in 3 contracts

Samples: Equity Incentive Plan (Principia Biopharma Inc.), Equity Incentive Plan (Coherus BioSciences, Inc.), Stock Option Agreement (Sagimet Biosciences Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the Transfer of any or all of the Shares during the Purchaser’s Optionee's lifetime or upon on the Purchaser’s Optionee's death by will or intestacy to the Purchaser’s Optionee's Immediate Family or a trust for the benefit of the Purchaser’s Optionee's Immediate Family shall be exempt from the Right of First Refusal. As used herein, "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Agreement, Section (including the Right of First Refusal) and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 5Section.

Appears in 3 contracts

Samples: Stock Option Agreement (Broadcom Corp), Stock Option Agreement (Skilled Healthcare Group Inc), Epixtar Corp

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the Transfer of any or all of the Shares during the Purchaser’s Optionee's lifetime or upon on the Purchaser’s Optionee's death by will or intestacy to the Purchaser’s Optionee's Immediate Family or a trust for the benefit of the Purchaser’s Optionee's Immediate Family shall be exempt from the Right of First Refusal. As used herein, "Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Agreement, Section (including the Right of First Refusal) and Option Grant 2000 there shall be no further Transfer of such Shares except in accordance with the terms of this Section 5Section.

Appears in 2 contracts

Samples: Stock Option Agreement (Interchange Corp), Stock Option Agreement (Interchange Corp)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 4 notwithstanding, the Transfer of any or all of the Shares during the PurchaserOptionee’s lifetime or upon the PurchaserOptionee’s death by will or intestacy to the PurchaserOptionee’s Immediate Family or a trust for the benefit of the PurchaserOptionee’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Agreement, Section 4 (including the Right of First Refusal) and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 54.

Appears in 2 contracts

Samples: Stock Option Plan (Coskata, Inc.), Equity Incentive Plan (Coherus BioSciences, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 2 notwithstanding, the Transfer of any or all of the Shares during the Purchaser’s 's lifetime or upon on the Purchaser’s 's death by will or intestacy to the Purchaser’s 's Immediate Family or a trust for the benefit of the Purchaser’s 's Immediate Family shall be exempt from the Right of First Refusal. As used herein, "Immediate Family" shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section (including the Right of First Refusal) and the Restricted Stock Purchase Agreement, as applicable, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 5Section.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Genencor International Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstandingnotwithstanding and to the extent permitted by the Administrator, the Transfer of any or all of the Shares during the Purchaser’s lifetime or upon the Purchaser’s death by will or intestacy to the Purchaser’s Immediate Family or a trust for the benefit of the Purchaser’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of the Plan, this AgreementAgreement and any other applicable agreements, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 55 (or otherwise as expressly provided under the Plan).

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Restoration Robotics Inc)

AutoNDA by SimpleDocs

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 5.3 notwithstanding, the Transfer of any or all of the Shares shares of Common Stock during the PurchaserOptionee’s lifetime or upon the PurchaserOptionee’s death by will or intestacy to the PurchaserOptionee’s Immediate Family or a trust for the benefit of the PurchaserOptionee’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares shares so Transferred subject to the provisions of this Agreement, Section 5.3 (including the Right of First Refusal) and there shall be no further Transfer of such Shares shares except in accordance with the terms of this Section 55.3.

Appears in 1 contract

Samples: Stock Option Agreement (ReachLocal Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 6(a) notwithstanding, the Transfer transfer of any or all of the Shares during the Purchaser’s 's lifetime or upon the on Purchaser’s 's death by will or intestacy to the Purchaser’s 's Immediate Family or a trust for the benefit of the Purchaser’s 's Immediate Family shall be exempt from the Right provisions of First Refusalthis Section 6(a). As used herein, “"Immediate Family" as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted)sister. In such case, the transferee or other recipient shall receive and hold the Shares so Transferred transferred subject to the provisions of this Agreement, and there shall be no further Transfer transfer of such Shares except in accordance with the terms of this Section 5Agreement.

Appears in 1 contract

Samples: Stock Pledge Agreement (E Piphany Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 4 notwithstanding, the Transfer of any or all of the Shares during the PurchaserOptionee’s lifetime or upon the PurchaserOptionee’s death by will or intestacy to the PurchaserOptionee’s Immediate Family or a trust for the benefit of the PurchaserOptionee’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Section 4 (including the Right of First Refusal) [and the Restricted Stock Purchase Agreement, if applicable,] and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 54.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Complete Genomics Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 4 notwithstanding, the Transfer of any or all of the Shares during the PurchaserOptionee’s lifetime or upon the PurchaserOptionee’s death by will or intestacy to the PurchaserOptionee’s Immediate Family or a trust for the benefit of the PurchaserOptionee’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, registered domestic partner, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Agreement, Section 4 (including the Right of First Refusal) and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 54.

Appears in 1 contract

Samples: Stock Option Agreement (Duolingo, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 4 notwithstanding, the Transfer of any or all of the Shares during the Purchaser’s Optionee's lifetime or upon the Purchaser’s on Optionee's death by will or intestacy to the Purchaser’s Optionee's Immediate Family or a trust for the benefit of the Purchaser’s Optionee's Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” "IMMEDIATE FAMILY" shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions hereof, including without limitation the provisions of this AgreementSections 4 and 5 hereof, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 5hereof.

Appears in 1 contract

Samples: Stock Option Agreement (Competitive Companies Inc)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the Transfer of any or all of the Shares during the Purchaser’s lifetime or upon the on Purchaser’s death by will or intestacy to the Purchaser’s Immediate Family or a trust for the benefit of the Purchaser’s Immediate Family shall be exempt from the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other recipient shall receive and hold the Shares so Transferred subject to the provisions of this Agreement, Section (including the Right of First Refusal) and Section 5 above and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 56.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Demand Media Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.