Common use of Agreement Not to Sell Clause in Contracts

Agreement Not to Sell. (a) Except with the prior written consent of Getty Images, no Stockholder shall sell any Shares until the earlier of (i) the date six months after the date of this Agreement and (ii) the time of the effectiveness of a registration statement filed by Getty Images under the Securities Act pursuant to which stockholders of Getty Images sell Shares (such period being the "RESTRICTED PERIOD"); PROVIDED, HOWEVER, that during the Restricted Period, the Getty Group or the Torrance Group, as the case may be, may each sell up to 200,000 Shares in a Rule 144 Transaction or in a Cashless Exercise of Options.

Appears in 4 contracts

Samples: Stockholders' Agreement (Pdi LLC), Stockholders' Agreement (October 1993 Trust), Stockholders' Agreement (Getty Investments LLC)

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Agreement Not to Sell. (a) Except with the prior written consent of Getty Images, no No Stockholder shall sell any Shares until the earlier of (i) the date six months after the date of this Agreement and (ii) the time of the effectiveness of a registration statement filed by Getty Images under the Securities Act pursuant to which stockholders of Getty Images sell Shares (such period being the "RESTRICTED PERIOD"); PROVIDED, HOWEVER, that during the Restricted Period, the Getty Group or the Torrance Group, as the case may be, may each sell up to 200,000 Shares in a Rule 144 Transaction or in a Cashless Exercise of Options.

Appears in 1 contract

Samples: Stockholders' Agreement (Getty Images Inc)

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