AFFILIATION WITH THE COMPANY. Xxxxxxxxx is a consultant to the Company and is a member of its Board of Directors. (e) HOLDING PERIOD UNDER RULE 144. Xxxxxxxxx understands that his ownership of the Shares for purposes of calculating the "holding period" required for resales pursuant to Rule 144 under the Securities Act of 1933 may not commence until the consideration for the particular Shares has been paid in full. 4.
Appears in 2 contracts
Samples: Stock Option Exercise and Loan Agreement (Rasmusson Larry), Stock Option Exercise and Loan Agreement (Mikkelson Dennis L)
AFFILIATION WITH THE COMPANY. Xxxxxxxxx Xxxxxx is a consultant to the Company and is a member of its Board of Directors. (e) HOLDING PERIOD UNDER RULE 144. Xxxxxxxxx Xxxxxx understands that his ownership of the Shares for purposes of calculating the "holding period" required for resales pursuant to Rule 144 under the Securities Act of 1933 may not commence until the consideration for the particular Shares has been paid in full. 4.
Appears in 1 contract
Samples: Stock Option Exercise and Loan Agreement (Walter John R /Mn/)
AFFILIATION WITH THE COMPANY. Xxxxxxxxx is a consultant to the Company and is a member of its Board of Directors. (e) HOLDING PERIOD UNDER RULE 144. Xxxxxxxxx understands that his ownership of the Shares for purposes of calculating the "holding period" required for resales pursuant to Rule 144 under the Securities Act of 1933 may not commence until the consideration for the particular Shares has been paid in full. 45.
Appears in 1 contract
Samples: Stock Option Exercise and Loan Agreement (Rasmusson Larry)
