Common use of Transfer of Option Shares Clause in Contracts

Transfer of Option Shares. Prior to the Expiration Date, without Purchaser’s prior written consent, Seller covenants and agrees to directly own a number of shares of Common Stock equal to the Option Shares.

Appears in 1 contract

Sources: Stock Option Agreement (Matrixx Initiatives Inc)

Transfer of Option Shares. Prior to the Expiration Date, without Purchaser’s 's prior written consent, Seller covenants and agrees to directly own a number of shares of Common Stock equal to the Option Shares.

Appears in 1 contract

Sources: Stock Option Agreement (ProPhase Labs, Inc.)