Common use of Transfers Upon Death Clause in Contracts

Transfers Upon Death. Upon the death of the Grantee or any -------------------- Permitted Transferee the Shares may be transferred by operation of law to the estate, legal representatives, executors and administrators of the Grantee or any such Permitted Transferee. Any Shares which are Restricted Shares at the time at such death shall be subject to the Repurchase and all other Shares shall be and remain subject to Section 4(d), if applicable, and the Grantee's and any Permitted Transferee's estate, executors, administrators, personal representatives, heirs, legatees and distributees shall be obligated to convey such Shares to the Company or its assigns if and to the extent contemplated hereby.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Boron Lepore & Associates Inc), Restricted Stock Agreement (Boron Lepore & Associates Inc), Restricted Stock Agreement (Boron Lepore & Associates Inc)

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Transfers Upon Death. Upon the death of the Grantee or any Permitted -------------------- Permitted Transferee the Shares may be transferred by operation of law to the estate, legal representatives, executors and administrators of the Grantee or any such Permitted Transferee. Any Shares which are Restricted Shares at the time at such death shall be subject to the Repurchase and all other Shares shall be and remain subject to Section 4(d), if applicable, and the Grantee's and any Permitted Transferee's estate, executors, administrators, personal representatives, heirs, legatees and distributees shall be obligated to convey such Shares to the Company or its assigns if and to the extent contemplated hereby.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Boron Lepore & Associates Inc), Restricted Stock Agreement (Boron Lepore & Associates Inc)

Transfers Upon Death. Upon the death of the Grantee or any -------------------- Permitted Transferee Transferee, the Shares may be transferred by operation of law to the estate, legal representativesrepresentative, executors and administrators of the Grantee or any such Permitted Transferee. Any Shares which are Restricted Shares at the time at of such death shall be remain subject to the Repurchase terms of this Agreement (including Sections 3 and all other Shares shall be and remain subject 4 to Section 4(dthe extent applicable), if applicable, and the Grantee's and any Permitted Transferee's estate, executors, administrators, personal representatives, heirs, legatees and distributees shall be obligated to convey such Shares to the Company or its assigns if and to the extent contemplated hereby.

Appears in 1 contract

Samples: Restricted Stock Agreement (Boron Lepore & Associates Inc)

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Transfers Upon Death. Upon the death of the Grantee or any -------------------- Permitted Transferee Transferee, the Shares may be transferred by operation of law to the estate, legal representativesrepresentative, executors and administrators of the Grantee or any such Permitted Transferee. Any Shares which are Restricted Shares at the time at of such death shall be remain subject to the Repurchase terms of this Agreement (including Sections 3 and all other Shares shall be and remain subject 4 to Section 4(dthe extent applicable), if applicable, and the Grantee's and any Permitted Transferee's estate, executors, administrators, personal representatives, heirs, legatees and distributees shall be obligated to convey such Shares to the Company or its assigns if and to the extent contemplated hereby.. (c)

Appears in 1 contract

Samples: Restricted Stock Agreement (Fargo Electronics Inc)

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