Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b) notwithstanding, the transfer of any or all of the Shares during Purchaser's lifetime or on Purchaser's death by will or intestacy to Purchaser's Immediate Family or a trust for the benefit of Purchaser's Immediate Family shall be exempt from the provisions of this Section 3(b). "Immediate Family" as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.
Appears in 2 contracts
Sources: Common Stock Purchase Agreement (Replaytv Inc), Common Stock Purchase Agreement (Replaytv Inc)
Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser's lifetime or on Purchaser's death by will or intestacy to Purchaser's Immediate Family (as defined below) or a trust for the benefit of Purchaser's Immediate Family shall be exempt from the provisions of this Section 3(b3(a). "Immediate Family" as used herein shall mean spousespou▇▇, lineal ▇▇neal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.
Appears in 1 contract
Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser's lifetime or on Purchaser's death by will or intestacy to Purchaser's Immediate Family or a trust for the benefit of Purchaser's Immediate Family shall be exempt from the provisions of this Section 3(b3(a). "Immediate FamilyIMMEDIATE FAMILY" as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.
Appears in 1 contract
Sources: Restricted Stock Purchase Agreement (Peregrine Systems Inc)
Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser's ’s lifetime or on Purchaser's ’s death by will or intestacy to Purchaser's ’s Immediate Family (as defined below) or a trust for the benefit of Purchaser's ’s Immediate Family shall be exempt from the provisions of this Section 3(b3(a). "“Immediate Family" ” as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.
Appears in 1 contract
Sources: Exercise Notice and Restricted Stock Purchase Agreement (Nexx Systems Inc)
Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser's lifetime or on Purchaser's death by will or intestacy to Purchaser's Immediate Family or a trust for the benefit of Purchaser's Immediate Family shall be exempt from the provisions of this Section 3(b3(a). "Immediate Family" as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.
Appears in 1 contract
Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b) notwithstanding, the transfer of any or all of the Shares during Purchaser's ’s lifetime or on Purchaser's ’s death by will or intestacy to Purchaser's ’s Immediate Family or a trust for the benefit of Purchaser's the Optionee’s Immediate Family shall be exempt from the provisions of this Section 3(b). "“Immediate Family" ” as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.
Appears in 1 contract
Sources: Stock Option Agreement (Omeros Corp)
Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b) notwithstanding, the transfer of any or all of the Company Shares during Purchaser's W▇▇▇▇’▇ lifetime or on Purchaser's W▇▇▇▇’▇ death by will or intestacy to Purchaser's W▇▇▇▇’▇ Immediate Family or a trust for the benefit of Purchaser's W▇▇▇▇ or W▇▇▇▇’▇ Immediate Family shall be exempt from the provisions of this Section 3(b). "“Immediate Family" ” as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Company Shares so transferred subject to the provisions of this Section 3Section, and there shall be no further transfer of such Company Shares except in accordance with the terms of this Section 3. CUSIP No. 6▇▇▇▇▇▇▇▇ 13D Page 37 of 50 Pages (c) Involuntary Transfer.
Appears in 1 contract
Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser's ’s lifetime or on Purchaser's ’s death by will or intestacy to Purchaser's ’s Immediate Family or a trust for the benefit of Purchaser's ’s Immediate Family shall be exempt from the provisions of this Section 3(b3(a). "“Immediate Family" ” as used herein shall mean spouse, lineal descendant or ---------------- antecedent, father, mother, brother brother, or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.
Appears in 1 contract
Sources: Stock Option Agreement (Alpine Immune Sciences, Inc.)
Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b) notwithstanding, the transfer of any or all of the Shares during Purchaserthe Optionee's lifetime or on Purchaserthe Optionee's death by will or intestacy to Purchaserthe Optionee's Immediate Family immediate family or a trust for the benefit of Purchaserthe Optionee's Immediate Family immediate family shall be exempt from the provisions of this Section 3(b)Section. "Immediate Family" as used herein shall mean spouse, lineal descendant ---------------- or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3Section.
Appears in 1 contract
Sources: Restricted Stock Purchase Agreement (Tenfold Corp /Ut)
Exception for Certain Family Transfers. Anything to the -------------------------------------- contrary contained in this Section 3(b3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser's lifetime or on Purchaser's death by will or intestacy to Purchaser's Immediate Family or a trust for the benefit of Purchaser or Purchaser's Immediate Family shall be exempt from the provisions of this Section 3(b3(a). "Immediate Family" as used herein shall mean spouse, lineal ---------------- descendant or ---------------- antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section 3, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.
Appears in 1 contract