Restriction on Transfer; Right of First Refusal. Purchaser shall not sell, transfer, pledge, hypothecate or otherwise dispose of any shares of the Stock which remain subject to the Purchase Option. Before any shares of Stock registered in the name of Purchaser that are no longer subject to the Purchase Option may be sold or transferred (including transfer by operation of law), such shares shall first be offered to the Company.
Restriction on Transfer; Right of First Refusal. (a) Before any shares of Stock registered in the name of Purchaser may be sold or transferred (including transfer by operation of law), such shares shall first be offered to the Company.
Restriction on Transfer; Right of First Refusal. (a) Before any Shares registered in the name of the Founder may be sold or transferred (including transfer by operation of law), such Shares shall first be offered to the Company.
Restriction on Transfer; Right of First Refusal. (a) Each Purchaser agrees he or she shall not sell, transfer, pledge, hypothecate or otherwise dispose of any shares of the Stock owned by him or her which remain subject to the Purchase Option.
Restriction on Transfer; Right of First Refusal. (a) The provisions of this Section shall apply in addition to similar provisions of any stockholders’ agreement to which the Employee and the Corporation are parties.
Restriction on Transfer; Right of First Refusal. In consideration of the foregoing amendment, the Warrantholder agrees as follows:
Restriction on Transfer; Right of First Refusal. Founder shall not sell, transfer, pledge, hypothecate or otherwise dispose of any Unvested Shares and the Company shall not be required (i) to transfer on its books any unvested Shares or (ii) to treat any such transferee as owner of such shares or to accord the right to vote to such transferee or to pay dividends to any transferee to whom such shares shall have been so transferred.
Restriction on Transfer; Right of First Refusal a. Employee shall not sell, transfer, pledge, hypothecate or otherwise dispose of any shares of the Stock during the initial term of the Agreement or as long as the Stock remains subject to the Purchase Option.
Restriction on Transfer; Right of First Refusal. Prior to a merger or acquisition of the LLC, the sale of all or substantially all of the assets of the LLC, or a firm commitment underwritten public offering pursuant to an effective registration statement, Members shall not sell or otherwise transfer (including transfer by operation of law) any LLC Interest to any third party unless such LLC Interest shall first be offered to the LLC for purchase at the price per Unit offered by a non-related, non-affiliated, third party which the Purchaser agrees to accept subject to this right of first refusal. In the event the LLC agrees to purchase the LLC Interest, 50% of the purchase price shall be paid at the time of the election to purchase the LLC Interest and the balance shall be paid in three equal monthly installments, each installment due on or before the first day of each calendar month thereafter. If the LLC does not agree to purchase the LLC Interest within 60 days of receiving notice of their first right, the selling Member shall have the right, within 30 days thereafter to sell the LLC Interest to the third party, which shall be deemed transferred in accordance with Section 7.2.
Restriction on Transfer; Right of First Refusal
