Common use of Permitted Disposition Clause in Contracts

Permitted Disposition. The Executive shall be entitled to Transfer shares of Common Stock, at any time and from time to time, (a) if such Transfer is a testamentary transfer effected by operation of law or by will, (b) to a trust for the benefit of the Executive or the Executive's spouse, issue or siblings, or (c) pursuant to and in accordance with sections 3.5 (Public Offering), 3.6 (Puts), 3.7 (Right of First Refusal), 3.8 (Calls), 3.9 (Tag-Alongs) and 3.10 (Drag-Alongs).

Appears in 2 contracts

Sources: Stock Option and Stockholders' Agreement (Ogara Co /Oh/), Stock Option and Stockholders' Agreement (Ogara Co /Oh/)