Family Transfer definition

Family Transfer means the transfer of quota between spouses, direct lineal descendants and their spouses, direct lineal ancestors and their spouses, and registered partners.

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Family Transfer means, with respect to an individual, a Transfer (a) to the Transferor’s Family Group pursuant to applicable laws of descent and distribution or (b) to a revocable trust of which the Transferor is a trustee and of which the primary beneficiaries are the Transferor and/or the Transferor’s Family Group.

Family Transfer means a transfer by gift or testamentary disposition to one or more members of Stockholder's Immediate Family, to a trust solely for the benefit of the Stockholder and/or his or her Immediate Family or to a partnership or limited liability company the partners or shareholders of which are limited to the Stockholder and his or her Immediate Family (provided all such transferees remain subject to this Agreement) and "Immediate Family" means Stockholder's spouse, children or grandchildren (including adopted and stepchildren and grandchildren).

Examples of Family Transfer in a sentence

Any recipient of the Class PI Units transferred pursuant to a Trust Transfer or Family Transfer will be subject to all Transferability restrictions to which the Management Partner’s otherwise would be subject with respect to the Class PI Units, including without limitation Section 4(b), and the limited Transfers otherwise permitted under this Section 4(c) will not be available to such transferee.
In the event of a Family Transfer to a Family Member who, as the result of a divorce, ceases to be a Family Member, the Transferred Units shall automatically, without notice or action, lose all voting and/or consent rights and such interest will be subject to buy-back pursuant to Section 7.06.
A Shareholder shall provide notice to the Company (including the aggregate Current Market Value of all such Transfers) upon the making of any Permitted Family Transfer.
Following a Family Transfer, such Restricted Stock shall continue to be subject to the same restrictions and rights as would have applied to you, including the forfeiture of unvested shares, the vesting schedule and the acceleration of vesting as provided herein, and the Company’s obligations under the Vested Stock Repurchase Obligation.
In the event you transfer shares of Restricted Stock pursuant to a Family Transfer, you shall retain voting control over any such transferred shares unless otherwise approved by the Board.

More Definitions of Family Transfer

Family Transfer means any Transfer by a Member to a child, stepchild, grandchild, parent, spouse, former spouse, sibling, niece, nephew, mother-in- law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships (each, a “Family Member”), a trust in which any such Family Members (or such Member) have more than fifty percent (50%) of the beneficial interest, a foundation or not-for- profit organization in which any such Family Members (or such Member) control the management of assets, and any other entity in which any such Family Members (or such Member) own more than fifty percent (50%) of the voting interests, provided in all instances that any consent rights provided herein remain with the transferor Member and each transferee will be an Assignee for all purposes hereunder. In the event of a Family Transfer to a Family Member who, as the result of a divorce, ceases to be a Family Member, the Transferred Units shall automatically, without notice or action, lose all voting and/or consent rights and such interest will be subject to buy-back pursuant to Section 7.06. Notwithstanding the above, Class C Units are not transferable.

Family Transfer means a transfer to a spouse, lineal descendent, or a trust for the benefit of transferor, spouse or lineal descendent, provided that in the case of each such transfer, the transfer is made in compliance with applicable federal and state securities law and the transferee agrees to be bound by the terms of this Agreement.

Family Transfer has the meaning set forth in Section 7.01(a). “Final Distribution” has the meaning set forth in Section 8.02(b). “Fiscal Year” has the meaning set forth in Section 6.02. “Founder(s)” means, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇. “Indemnified Party” has the meaning set forth in Section 5.03(a). “Initial Offer” has the meaning set forth in Section 3.07.

Family Transfer shall have the meaning set forth in Section 4.4 hereof.

Family Transfer means a transfer to a spouse, lineal descendent, or a trust --------------- for the benefit of transferor, spouse or lineal descendent, provided that in the case of each such transfer, the transfer is made in compliance with applicable federal and state securities law and the transferee agrees to be bound by the terms of this Agreement.

Family Transfer has the meaning specified in Section 2.03.

Family Transfer means a transfer described in Subsection 8(f) of the Plan.