Common use of Exception for Certain Family Transfers Clause in Contracts

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the Transfer of any or all of the Restricted Units during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s Immediate Family shall be exempt from the Right of First Refusal. Participant’s Immediate Family includes Participant’s and Participant’s Immediate Family’s trusts, foundations, partnerships and other family entities. In such case, the transferee or other recipient shall receive and hold the Restricted Units so Transferred subject to the provisions of this Section, Section 4, Section 7 and the Restricted Unit Agreement, as applicable, and there shall be no further Transfer of such Restricted Units except in accordance with the terms of this Section.

Appears in 3 contracts

Samples: Equity Incentive Plan (Reliant Pharmaceuticals, Inc.), Equity Incentive Plan (Reliant Pharmaceuticals, Inc.), Equity Incentive Plan (Reliant Pharmaceuticals, Inc.)

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Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the Transfer of any or all of the Restricted Units during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s Immediate Family shall be exempt from the Right of First Refusal. Participant’s Immediate Family includes Participant’s and Participant’s Immediate Family’s trusts, foundations, partnerships and other family entities. In such case, the transferee or other recipient shall receive and hold the Restricted Units so Transferred subject to the provisions of this Section, Section 45, Section 7 and the Restricted Unit Agreement, and the LLC Agreement, as applicable, and there shall be no further Transfer of such Restricted Units except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Equity Incentive Plan (Reliant Pharmaceuticals, Inc.), Equity Incentive Plan (Reliant Pharmaceuticals, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the Transfer of any or all of the Restricted Units during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s Immediate Family shall be exempt from the Right of First Refusal. Participant’s Immediate Family includes Participant’s and Participant’s Immediate Family’s trusts, foundations, partnerships and other family entities. In such case, the transferee or other recipient shall receive and hold the Restricted Units so Transferred subject to the provisions of this Section, Section 4, Section 7 5 and the Restricted Unit Agreement, as applicable, and there shall be no further Transfer of such Restricted Units except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Equity Incentive Plan (Reliant Pharmaceuticals, Inc.), Equity Incentive Plan (Reliant Pharmaceuticals, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the Transfer of any or all of the Restricted Units during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s Immediate Family shall be exempt from the Right of First Refusal. Participant’s Immediate Family includes or to Participant’s and Participant’s Immediate Family’s trusts, foundations, partnerships and other family entitiesentities shall be exempt from the Right of First Refusal. In such case, the transferee or other recipient shall receive and hold the Restricted Units so Transferred subject to the provisions of this Section, Section 45, Section 7 and the Restricted Unit Agreement, and the LLC Agreement, as applicable, and there shall be no further Transfer of such Restricted Units except in accordance with the terms of this Section.

Appears in 2 contracts

Samples: Equity Incentive Plan (Reliant Pharmaceuticals, Inc.), Equity Incentive Plan (Reliant Pharmaceuticals, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the Transfer of any or all of the Restricted Units Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s Immediate Family shall be exempt from the Right of First Refusal. Participant’s Immediate Family includes Participant’s and Participant’s Immediate Family’s trusts, foundations, partnerships and other family entities. In such case, the transferee or other recipient shall receive and hold the Restricted Units Shares so Transferred subject to the provisions of this Section, Section 4, Section 7 and the Restricted Unit this Agreement, as applicable, and there shall be no further Transfer of such Restricted Units Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Restricted Stock Agreement (Reliant Pharmaceuticals, Inc.)

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Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the Transfer of any or all of the Restricted Units Shares during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s Immediate Family shall be exempt from the Right of First Refusal. Participant’s Immediate Family includes Participant’s and Participant’s Immediate Family’s trusts, foundations, partnerships and other family entities. In such case, the transferee or other recipient shall receive and hold the Restricted Units Shares so Transferred subject to the provisions of this Section, Section 43, Section 7 6 and the Restricted Unit this Agreement, as applicable, and there shall be no further Transfer of such Restricted Units Shares except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Restricted Stock Agreement (Reliant Pharmaceuticals, Inc.)

Exception for Certain Family Transfers. Anything to the contrary contained in this Section notwithstanding, the Transfer of any or all of the Restricted Units during the Participant’s lifetime or on the Participant’s death by will or intestacy to the Participant’s Immediate Family shall be exempt from the Right of First Refusal. Participant’s Immediate Family includes Participant’s and Participant’s Immediate Family’s trusts, foundations, partnerships and other family entities. In such case, the transferee or other recipient shall receive and hold the Restricted Units so Transferred subject to the provisions of this Section, Section 4, Section 7 and the Restricted Unit Agreement, as applicable, and there shall be no further Transfer of such Restricted Units except in accordance with the terms of this Section.

Appears in 1 contract

Samples: Equity Incentive Plan (Reliant Pharmaceuticals, Inc.)

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