Common use of Voluntary Transfer of Shares Clause in Contracts

Voluntary Transfer of Shares. (a) If Shareholder desires at any time during the term of this Agreement to voluntarily transfer the Shares in any manner, then Shareholder shall give written notice to the Corporation of such desire and of the number of Shares he desires to transfer (such number of Shares being hereinafter referred to as the "Sale Shares"). Such notice shall further specify the identity of the proposed transferee, the nature of the transfer (for example, sale, gift or devise), and the terms thereof.

Appears in 10 contracts

Samples: Diamond Brands Incorporated (Diamond Brands Inc), Diamond Brands Incorporated (Diamond Brands Inc), Diamond Brands Incorporated (Diamond Brands Operating Corp)

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