Common use of Minimum Transfer Clause in Contracts

Minimum Transfer. Unless the transferee is an equity owner of the Holder or another Securityholder, the transferee shall acquire at least the lesser of (a) twenty percent (20%) of the Registrable Securities held by the original Holder, or (b) twenty thousand (20,000) shares of Registrable Securities (adjusted for recapitalizations, stock splits, stock dividends, conversions and similar events).

Minimum Transfer. Unless the transferee is an equity owner of the Holder or another Securityholder, the transferee shall acquire at least the lesser of (a) twenty percent (20%) of the Registrable Securities held by the original Holder, or (b) twenty thousand (20,000) shares of Registrable Securities (adjusted for recapitalizations, stock splits, reverse stock splits, stock dividends, conversions and similar events).