Common use of No Transfers Unless Expressly Permitted Clause in Contracts

No Transfers Unless Expressly Permitted. No Shareholder shall sell, assign, transfer, pledge, hypothecate, mortgage, encumber or otherwise dispose of (each, a "Transfer") all or any of such Shareholder's Shares, except in compliance with the terms and conditions of this Agreement. As used in this Agreement, "Shares" shall mean and include all shares of the Common Stock or Preferred Stock of the Company, and rights, options or warrants to purchase such Common Stock or Preferred Stock, and securities of any type whatsoever that are, or may become, convertible or exchangeable into such Common Stock or Preferred Stock, now owned or hereafter acquired by any Shareholder.