Common use of Restrictions on Transfers of Shares Clause in Contracts

Restrictions on Transfers of Shares. (a) No Stockholder shall, without the prior written consent of JEDI, Transfer any of the Shares or any interest therein except as specifically permitted by Section 1(b) or (c) of this Agreement. For purposes of this Agreement, the term "Stockholder" means EIBOC, the Management Stockholder and any Person who is required by the terms of this Agreement to execute an Adoption Agreement, as described in the following sentence and the term "Transfer" means any direct or indirect sale, assignment, donation, transfer, devise, pledge, hypothecation, encumbrance or other disposition of any shares or any interest therein. Any Person who is required by the terms of this Agreement to become a party to this Agreement shall do so by executing an Adoption Agreement in the form attached as Exhibit A or in any other form satisfactory to the Company and JEDI, whereupon such person or entity shall be deemed a "Stockholder" and shall have all of the rights and obligations of a Stockholder under this Agreement and the Shares or any interest therein held by any such Person shall be subject to the provisions hereof.