Examples of Permitted Transferee in a sentence
Separately, Wittekind was a Holder himself by virtue of being a Permitted Transferee, a successor, and/or assignee to whom the Piggyback Rights had inured.
Any Award transferred to a Permitted Transferee may not be further transferable without the Committee’s approval and any Award transferred to a Permitted Transferee shall be further transferable only by last will and testament or the laws of descent and distribution or, for no consideration, to another Permitted Transferee of the Participant.
Under Section 7.1 of the Investor Rights Agreement, "Holder" or "Holders" are defined as Weird Science10 "and each Permitted Transferee (as defined in the Standstill & Lockup Agreement [discussed in Section I.C below]) which is a holder from time to time of Registrable Securities" (emphasis added).
If the Committee makes an Award transferable, including, without limitation, by instrument to an inter vivos or testamentary trust in which the Awards are to be passed to beneficiaries upon the death of the trustor (settlor) or by gift or by domestic relations order to a Permitted Transferee, such Award will contain such additional terms and conditions as the Committee deems appropriate.
Section 3.3 further describes a transferee under this section as a Permitted Transferee and transfers in compliance with Sections 3.1, 3.2, or 3.3 as Permitted Transfers (Permitted Transferee is not included in the "Definitions" listed in Section 1 or otherwise defined.) 61.