Transfers to Family Members. Notwithstanding the provisions of Section 2.1, each Shareholder shall be permitted to transfer (whether by purchase, assignment, gift, bequest, devise, levy, execution or other means of transfer) all or any portion of his or her Stock to (i) his or her spouse or any family members, (ii) any custodian, guardian or other representative for a spouse or family members, and/or (iii) the trustee of any trust created for the benefit of the Shareholder, his or her spouse and/or family members (collectively the "Permitted Family Transferees") provided that each and every such Permitted Family Transferee executes a written acknowledgment that (i) all Stock held by the Permitted Family Transferee will, notwithstanding the transfer to such Permitted Family Transferee, be deemed for all purposes of this Agreement to be owned by the transferring Shareholder, and (ii) the Permitted Family Trustee is to be bound by all of the terms of this Agreement as if a signatory "Shareholder" hereto.
Transfers to Family Members. Notwithstanding Section 4(a) herein, if the Option is a Nonqualified Stock Option, subject to the Grantee’s advance written notice of the intent to transfer the Option and the Committee’s consent to such transfer, the Grantee may transfer the Option for no consideration to or for the benefit of a Family Member, subject to such limits or conditions as the Committee may establish. The transferee shall be subject to all the terms and conditions applicable to the Option in the event of such transfer. The Option may not be transferred by any such transferee other than by will or the laws of descent and distribution.
Transfers to Family Members. Subject to the provisions of Section 7, any Class B Common Stockholder who is an individual may Transfer, by lifetime sale, gift, bequest at death under the Class B Common Stockholder's last will and testament or any other means, and upon any terms dictated by such Class B Common Stockholder, all or any portion of his Shares to (i) a member of' such Class B Common Stockholder's Immediate Family (as defined below), (ii) any trust the sole beneficiaries of which are members of such Stockholder's Immediate Family or (iii) any entity the sole owners of which are the Stockholder and/or members of such Class B Common Stockholder's Immediate Family; provided, however, that no such Transfers shall be made pursuant to any divorce or separation proceeding or settlement. A Transfer proposed to be made pursuant to a divorce or separation proceeding or settlement shall be subject to Sections 3(a) through (e). "Immediate Family" as used herein shall mean spouse, lineal descendant, father, mother, brother or sister of the Transferring Stockholder, including "in-laws" and adopted children. In the case of the death of a Class B Common Stockholder exercising his rights under this Section 4, the personal representative of such Class B Common Stockholder shall be authorized to exercise, on behalf of such Class B Common Stockholder, such Class B Common Stockholder's right to make a Transfer described in the first sentence of this Section 4(b), provided that such personal representative delivers to the Company written notice, within thirty (30) days after the date of such Class B Common Stockholder's death or the qualification of such personal representative if later, of its intent to Transfer such Class B Common Stockholder's Shares pursuant to this Section 4(b), which notice shall identify the Transferee or Transferees of such Shares and whether or not the Transfer is effected pursuant to the terms of such Class B Common Stockholder's will or a trust or by virtue of intestate succession. Any Class B Common Stockholder or his personal representative effecting a Transfer of Shares hereunder shall provide the Company with written notice of such Transfer.
Transfers to Family Members. The Committee shall have the authority to adopt a policy that is applicable to existing Awards, new Awards, or both, which permits a Participant to transfer Awards during his or her lifetime to any Family Member. In the event an Award is transferred as permitted by such policy, such transferred Award may not be subsequently transferred by the transferee (other than another transfer meeting the conditions set forth in the policy) except by will or the laws of descent and distribution. A transferred Award shall continue to be governed by and subject to the terms and limitations of the Plan and relevant Award Agreement, and the transferee shall be entitled to the same rights as the Participant, as if the transfer had not taken place.
Transfers to Family Members. Franchisee or an Equity Holder, if a natural person, may with Franchisor’s consent, which will not be unreasonably withheld, Transfer the Franchised Business or an equity interest in Franchisee to such person’s spouse, parent, sibling, niece, nephew, descendant or spouse1 s descendant provided that adequate provision is made for the management of the Franchised Business and the transferor guarantees, in form and substance satisfactory to Franchisor, the performance of the transferee’s obligations under this Agreement.
Transfers to Family Members. Subject to the --------------------------- provisions of Section 3 hereof, Stockholder may transfer or cause the transfer of the Shares to affiliates or family members of Stockholder, including, without limitation a partnership of which Stockholder and his family members constitute all the partners. 7.
Transfers to Family Members a. During the Term, any Shareholder may transfer any or all of his Shares to a "family member." For purposes of this Agreement, "family member" means such Shareholder's spouse, ancestor, descendant (whether by blood or adoption), spouse of any such descendant, or any trust for the sole benefit of any one or more of such individuals. b. Any family member may transfer any or all of his or her Shares to another family member of the Shareholder who owned such Shares as of the date of this Agreement. c. A transfer to a family member is not effective until such family member executes a document in the form of Exhibit A to this Agreement by which such family member agrees to be bound by the terms of this Agreement and the Voting Trust Agreement. 3.
Transfers to Family Members. Each Shareholder who is a natural person may, at any time or times, Transfer any or all of his or her shares of Common Stock to the following Persons:
Transfers to Family Members. Notwithstanding the provisions of --------------------------- Section 3.1, each Management Shareholder shall be permitted to transfer (whether by purchase, assignment, gift, bequest, devise, levy, execution or other means of transfer) all or any portion of his Shareholder Stock to a Permitted Family Group Transferee; provided that Permitted Family Group Transferee executes a written acknowledgment that (i) all Shareholder Stock held by the Permitted Family Group Transferee will, notwithstanding the transfer to such Permitted Family Group Transferee, be deemed for all purposes of this Agreement to be owned by the transferring Shareholder, and (ii) the transferee agrees to be bound by all of the terms of this Agreement as a Management Shareholder by written instrument reasonably satisfactory to the Corporation.
Transfers to Family Members. From time to time and at any time and subject to any transfer restrictions imposed by the Underwriter Lock-Up Agreement to which a Holder is a party, each Holder shall have the right to sell, gift or transfer Restricted Securities to any Family Member of such Holder (each such sale, gift or transfer, a “Family Transfer”) provided that (i) the transferring Holder shall have given written notice of such Family Transfer to the General Partner (addressed to the attention of the Secretary of the General Partner), and (ii) the Family Member transferee shall have agreed to become a party to, and be bound by, all of the terms and conditions of this Agreement applicable to the transferring Holder with respect to the Restricted Securities so transferred by executing and delivering to the GP Board a joinder agreement substantially in the form attached hereto as Exhibit A (a “Joinder”).
