Common use of Transfer Authorization Clause in Contracts

Transfer Authorization. Employee hereby authorizes and directs ---------------------- the Secretary or Transfer Agent of the Company to transfer the Shares as to which either (i) the Purchase Option has been exercised or (ii) the right of first refusal has been exercised, in either case from Employee to the Company or its assignee.

Appears in 2 contracts

Sources: Incentive Stock Option Agreement (Balance Bar Co), Incentive Stock Option Agreement (Balance Bar Co)