Commission-Free Sales Program Sample Clauses

Commission-Free Sales Program. Sponsor will establish a commission-free purchase and sale program that will begin no later than the day that is 90 days after the Effective Time and will continue for at least 90 days thereafter. Pursuant to such purchase and sale program, each Eligible Shareholder who holds 99 or fewer Sponsor Shares will have the opportunity to sell at prevailing market prices all, but not less than all, the Sponsor Shares owned by such Eligible Policyholder, without paying brokerage commissions, mailing charges, registration fees or other administrative or similar expenses. Sponsor will concurrently offer each Eligible Shareholder entitled to participate in the commission-free purchase and sale program the opportunity to purchase that number of Sponsor Shares necessary in order to increase such Eligible Shareholder's holdings to a 100-share round lot, without paying brokerage commissions, mailing charges, registration fees or other administrative or similar expenses.