Common use of Restrictions on Transfer of Shares Clause in Contracts

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 17 contracts

Sources: Stock Option Agreement (Tvia Inc), Incentive Stock Option Agreement (Invitrogen Corp), Stock Option Agreement (ARCA Biopharma, Inc.)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, Agreement and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 16 contracts

Sources: Stock Option Agreement (Emulate Therapeutics, Inc.), Executive Employment Agreement (Ambrx Inc), Purchase and Sale Agreement (Surge Global Energy, Inc.)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 12 contracts

Sources: Security Agreement (Allegro Biodiesel Corp), Security Agreement (Diametrics Medical Inc), Security Agreement (Diametrics Medical Inc)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the OptioneeParticipant), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, law in any manner which violates any of the provisions of this Option Agreement, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 9 contracts

Sources: Securities Purchase Agreement (AEye, Inc.), Securities Purchase Agreement, Securities Purchase Agreement (Conatus Pharmaceuticals Inc.)

Restrictions on Transfer of Shares. No shares of Stock acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the OptioneeParticipant), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, Agreement and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will that have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to shares, accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 6 contracts

Sources: Stock Option Agreement (Perspective Therapeutics, Inc.), Stock Option Agreement (Rivulet Media, Inc.), Stock Option Agreement (IsoRay, Inc.)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the OptioneeParticipant), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, law in any manner which violates any of the provisions of this Option Agreement, the Constitution or the Investment Terms, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement Agreement, the Constitution or the Investment Terms or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.. ​

Appears in 1 contract

Sources: Stock Option Agreement (AMCI Acquisition Corp. II)

Restrictions on Transfer of Shares. No shares Shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, Agreement and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares Shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares Shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares Shares will have been so transferred.

Appears in 1 contract

Sources: Executive Employment Agreement (Ambrx Inc)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, limitations any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares shared which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 1 contract

Sources: Stock Option Agreement (Qualcomm Inc/De)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, Agreement and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 1 contract

Sources: Nonstatutory Stock Option Agreement (Unify Corp)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, Agreement and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement Agreement, or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 1 contract

Sources: Nonqualified Stock Option Agreement (Aquis Communications Group Inc)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the OptioneeParticipant), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, law in any manner which violates any of the provisions of this Option Agreement, the Constitution or the Investment Terms, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement Agreement, the Constitution or the Investment Terms or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 1 contract

Sources: Stock Option Agreement (AMCI Acquisition Corp. II)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option Right may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, Agreement and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will would have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any purported transferee to whom such shares will would have been so transferred.

Appears in 1 contract

Sources: Stock Option Agreement (Actions Semiconductor Co., Ltd.)

Restrictions on Transfer of Shares. No shares acquired upon exercise of the Option Amended Portion may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this Option Agreement, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred.

Appears in 1 contract

Sources: Correction to Letter Agreement (Power Integrations Inc)