Transferee or Transferees
Transferee or Transferees. Means the persons, trusts or entities to whom the Registrable Securities are transferred (i) by gift to a member of Holder's immediate family or to a trust, the beneficiary of which is a Holder or a member of a Holder's immediate family, (ii) by virtue of the laws of descent and distribution upon death of any Holder, (iii) pursuant to a qualified domestic relations order, or (iv) pursuant to a transfer of record ownership whereby there is no change in beneficial ownership. 2
Transferee or Transferees. The persons, trusts or entities to whom the Registrable Securities are transferred (i) by gift to a member of Investor's immediate family or to a trust, the beneficiary of which is an Investor or a member of an Investor's immediate family, (ii) by virtue of the laws of descent and distribution upon death of any Investor, (iii) pursuant to a qualified domestic relations order, or (iv) pursuant to a transfer of record ownership whereby there is no change in beneficial ownership.
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