Spectrum Exempt Transfer

Spectrum Exempt Transfer. Means (i) a Transfer among the Spectrum Group Stockholders or their Affiliates or to an employee of the Company or any of its Subsidiaries or any member of the Board, (ii) a Transfer to any stockholder, member or partner of any Spectrum Group Stockholder (and any subsequent transfers by such stockholders, member, or partners to the extent the transferee is a stockholder, member or partner of any Spectrum Group Stockholder), (iii) a sale of Company Stock by a Spectrum Group Stockholder in a... Public Sale, or (iv) one or more Transfers within the first year following the Effective Date to Persons of any class or series of Company Stock representing, in the aggregate with all other Transfers effected pursuant to this clause (iv), not more than 20% of the shares of such class or series of Company Stock held by the Spectrum Group Stockholder; provided, however, that the restrictions contained in this Agreement will continue to apply to the Spectrum Shares after any Transfer pursuant to clauses (i) or (ii) above and the transferees of such Spectrum Shares pursuant to such clauses shall agree in writing to be bound by provisions of this Agreement as a Spectrum Group Stockholder if such transferee is an Affiliate of the transferring Spectrum Group Stockholder or as an Other Stockholder if such transferee is not an Affiliate of such Spectrum Group Stockholder. 13 View More