Common use of RESTRICTIONS ON THE TRANSFER OF SHARES Clause in Contracts

RESTRICTIONS ON THE TRANSFER OF SHARES. a. Except as otherwise provided in Paragraphs 3b, 3c, 3d, 4, 11, 12, 14 and 15 of this Agreement, neither the Executive nor any of his transferees (direct or indirect, including without limitation the Executive's personal or legal representatives, successors and assigns) shall or may sell, exchange, deliver, assign, bequeath or give, pledge, mortgage, hypothecate or otherwise encumber, transfer or permit to be transferred, or otherwise dispose of, any or all of the Shares, whether voluntarily, involuntarily or by operation of law (including without limitation the laws of bankruptcy, intestacy, descent and distribution and succession).

RESTRICTIONS ON THE TRANSFER OF SHARES. a. (a) Except as otherwise provided in Paragraphs 3bSections 3(b), 3c3(c), 3d3(d), 4, 119, 1210, 14 and 15 11 of this Agreement, neither the Executive Investor nor any of his transferees (direct or indirect, including without limitation the ExecutiveInvestor's personal or legal representatives, successors and assigns) shall or may sell, exchange, deliver, assign, bequeath or give, pledge, mortgage, hypothecate or otherwise encumber, transfer or permit to be transferred, or otherwise dispose of, any or all of the Shares, whether voluntarily, involuntarily or by operation of law (including without limitation the laws of bankruptcy, intestacy, descent and distribution and succession).