Common use of Other Restrictions on Transfer Clause in Contracts

Other Restrictions on Transfer. The restrictions on Transfer contained in this Agreement are in addition to any other restrictions on Transfer to which a Stockholder may be subject, including any restrictions on transfer contained in any equity incentive plan, restricted stock agreement, stock option agreement, stock subscription agreement or other agreement to which such Stockholder is a party or instrument by which such Stockholder is bound. Each Transfer of Common Stock by a Stockholder holding Class A Common Stock must be made simultaneously in respect of Class A Common Stock and Class B Common Stock and must be made such that the proportion of such Stockholder’s Class A Common Stock to its Class B Common Stock (excluding any incentive equity Class B Common Stock acquired under the Management Equity Plan), taken together, remains constant following such Transfer; provided that the foregoing requirement for proportional Transfers shall not apply to a redemption or conversion of the Class A Common Stock.

Appears in 1 contract

Sources: Stockholders Agreement (SolarWinds Corp)

Other Restrictions on Transfer. The restrictions on Transfer contained in this Agreement are in addition to any other restrictions on Transfer to which a Stockholder may be subject, including any restrictions on transfer contained in any equity incentive plan, restricted - 12 - stock agreement, stock option agreement, stock subscription agreement or other agreement to which such Stockholder is a party or instrument by which such Stockholder is bound. Each Transfer of Common Stock by a Stockholder holding Class A Common Stock must be made simultaneously in respect of Class A Common Stock and Class B Common Stock and must be made such that the proportion of such Stockholder’s Class A Common Stock to its Class B Common Stock (excluding any incentive equity Class B Common Stock acquired under the Management Equity Plan), taken together, remains constant following such Transfer; provided that the foregoing requirement for proportional Transfers shall not apply to a redemption or conversion of the Class A Common Stock.

Appears in 1 contract

Sources: Stockholders' Agreement