Common use of Black-out Period for the Issuer and Others Clause in Contracts

Black-out Period for the Issuer and Others. In the case of a registration of Registrable Securities pursuant to Section 2.1, the Issuer agrees, if requested by Philips (or, in the case of an Underwritten Offering, by the managing underwriter or underwriters in such Underwritten Offering), not to effect any public sale or distribution of any securities which are the same as or similar to those being registered, or which are convertible into or exchangeable or exercisable for such securities, during the period beginning seven days before, and ending 90 days (or such lesser period as may be permitted by Philips or such underwriter or underwriters) after, the effective date of the Registration Statement filed in connection with such registration, to the extent the Issuer is timely notified in writing by Philips or the managing underwriter or underwriters. Notwithstanding the foregoing, the Issuer may effect a public sale or distribution of securities of the type described above and during the periods described above if the same (A) is made pursuant to registrations on Forms X-0, X-0 or S-8 or any successor form to such forms, or (B) as part of any registration of securities for offering and sale to employees or directors of the Issuer pursuant to any employee stock plan or other employee benefit plan arrangement.

Black-out Period for the Issuer and Others. In the case of a registration of Registrable Securities pursuant to Section 2.1, the Issuer agrees, if requested by Philips LGE (or, in the case of an Underwritten Offering, by the managing underwriter or underwriters in such Underwritten Offering), not to effect any public sale or distribution of any securities which are the same as or similar to those being registered, or which are convertible into or exchangeable or exercisable for such securities, during the period beginning seven days before, and ending 90 days (or such lesser period as may be permitted by Philips LGE or such underwriter or underwriters) after, the effective date of the Registration Statement filed in connection with such registration, to the extent the Issuer is timely notified in writing by Philips LGE or the managing underwriter or underwriters. Notwithstanding the foregoing, the Issuer may effect a public sale or distribution of securities of the type described above and during the periods described above if the same (A) is made pursuant to registrations on Forms X-0, X-0 or S-8 or any successor form to such forms, or (B) as part of any registration of securities for offering and sale to employees or directors of the Issuer pursuant to any employee stock plan or other employee benefit plan arrangement.