Transfer of Option Shares. Option Shares may not be sold, pledged, assigned, hypothecated, gifted, transferred or disposed of in any manner without compliance with all applicable federal and state securities laws and regulations, and an appropriate legend referring to any restrictions on transfer and any other restrictions imposed herein or under the Plan may be endorsed on the certificates representing Option Shares.
Transfer of Option Shares. Option Shares issued upon exercise of this Option which have not been registered under the Act shall be transferable by a holder thereof only upon compliance with the conditions in this Paragraph. Before making any transfer of Option Shares, the holder of the shares shall give written notice to the Company of the holder's intention to make the transfer, describing the manner and circumstances of the transfer. If in the opinion of the Company's counsel, or of other counsel acceptable to the Company, the proposed transfer may be effected without registration under the Act, the Company shall so notify the holder and the holder shall be entitled to transfer such shares as described in the holder's notice to the Company. If such counsel opines that the transfer may not be made without registration under the Act, then the Company shall so notify the holder, in which event the holder shall not be entitled to transfer the shares until (i) the Company notifies the holder that it is permissible to proceed with the transfer, or (ii) registration of the shares under the Act has become effective. The Company may issue "stop transfer" instructions to its transfer agent with respect to any or all of the Option Shares as it deems necessary to prevent any violation of the Act.
Transfer of Option Shares. You shall not sell, pledge or otherwise transfer any interest in any Option Shares except pursuant to a Public Sale or the provisions of paragraph 12 or 16 hereof ("Exempt Transfers").
Transfer of Option Shares. For each exercise of the Stock Option:
Transfer of Option Shares. The holders of Option Shares shall not sell, transfer, assign, pledge, or otherwise dispose of (a "TRANSFER") any interest in any Option Shares, except pursuant to (i) a Public Sale, (ii) a Sale of the Company, or (iii) the provisions of SECTION 12(b) hereof.
Transfer of Option Shares. Optionee will not sell, pledge, transfer or otherwise dispose of (a "Transfer") any interest in any Option Shares, except pursuant to the provisions of Sections 4, 5(b), 6 and 7 hereof.
Transfer of Option Shares. As soon as practicable after the Closing, from time to time, one or more times, Sellers will deliver to the Company, with a copy to Buyer, one or more notices addressed to the Company for exercising all or part of the Options, evidence of payment to the Company of the exercise price thereof and act(s) of transfer or assignment by Sugxx xx Buyer of such Option Shares issued upon exercise thereof with acknowledgement by the Company of Buyer's rights thereunder or one or more certificates representing the Option Shares, duly endorsed or accompanied by duly executed stock powers for transfer to Buyer. Upon delivery to Buyer of such notices exercising all or part of the Options, evidence of payment to the Company of the exercise price thereof and such assignment(s) to Buyer of all or part of the Option Shares, and the acknowledgement by the Company of Buyer's rights thereunder or one or more certificates representing the Option Shares, duly endorsed or accompanied by duly executed stock powers for transfer to Buyer, Buyer shall pay Sugxx xx wire transfer to the account as specified by Sugxx xx writing to Buyer the Purchase Price of the Option Shares so transferred to Buyer.
Transfer of Option Shares. Executive shall not sell, pledge, transfer or otherwise dispose (a “Transfer”) any interest in any Option Shares unless Executive obtains the prior written consent of the Board.
Transfer of Option Shares. The Optionee shall not sell, pledge or otherwise transfer any interest in any Option Shares except pursuant to the public pursuant to an offering registered under the Securities Act of 1933, as amended, or to the public through a broker, dealer or market maker pursuant to the provisions of Rule 144 adopted under the Securities Act (collectively, a "Public Sale") or the provisions of paragraph 9 hereof ("Exempt Transfers") and except pursuant to the provisions of this paragraph 10. At least 30 days prior to making any transfer other than a Public Sale or an Exempt Transfer, the Optionee shall deliver a written notice (the "Sale Notice") to the Company. The Sale Notice shall disclose in reasonable detail the identity of the prospective transferee(s) and the terms and conditions of the proposed transfer. The Optionee agrees not to consummate any such transfer until 30 days after the Sale Notice has been delivered to the Company, unless the parties to the transfer have been finally determined pursuant to this paragraph 10 prior to the expiration of such 30-day period. (The date of the first to occur of such events is referred to herein as the "Authorization Date").
Transfer of Option Shares. You shall not sell, pledge or otherwise transfer any interest in any Option Shares except pursuant to a Public Sale or the provisions of paragraph 13 or 17 hereof ("Exempt Transfers") and except pursuant to the provisions of this paragraph 15. At least 30 days prior to making any transfer other than an Exempt Transfer, you shall deliver a written notice (the "Sale Notice") to the Company. The Sale Notice shall disclose in reasonable detail the identity of the prospective transferee(s) and the terms and conditions of the proposed transfer. You agree not to consummate any such transfer until 30 days after the Sale Notice has been delivered to the Company, unless the parties to the transfer have been finally determined pursuant to this paragraph 15 prior to the expiration of such 30-day period. (The date of the first to occur of such events is referred to herein as the "Authorization Date").
