Common use of Permissible Transfers Clause in Contracts

Permissible Transfers. Notwithstanding the provisions of Section 2 to the contrary, following the Effective Date, the undersigned may transfer Shares, including shares of Common Stock acquired by the undersigned after the Effective Date, held by the undersigned to members of the undersigned's immediate family. However, such Shares so transferred shall continue to be held by such transferee subject to the terms and restrictions set forth in this Agreement. Members of an undersigned's "immediate family" shall consist only of such undersigned's spouse and lineal descendants or a trust or other entity created for such persons in order to facilitate estate planning for the undersigned.