Continuing Restrictions Clause Samples

Continuing Restrictions. You are bound by certain ongoing restrictions and obligations, including but not limited to confidentiality, noncompetition, and nonsolicitation restrictions and obligations contained in the Delcath Systems, Inc. Employee Confidentiality and Restrictive Covenant Agreement, dated, , 20 (the “Confidentiality Agreement”), a copy of which is attached to this Agreement and hereby incorporated by reference. In further consideration of the separation pay and benefits described in this Agreement, you agree that you are and will continue to be bound by the restrictions and obligations contained in the Confidentiality Agreement in accordance with its terms.

Continuing Restrictions. After the Restricted Period, the provisions of Section 6.6(a) will continue to apply to the Purchaser, its Affiliates and the BSL Affiliates except in the case of acquisitions of Equity Securities (a) made pursuant to a transaction that, if consummated, would result in the acquisition of 100% of the Equity Securities of the Company or (b) that do not result in a “change in control” as defined in the Loan Documents (as amended) or as defined in any successor definitive documentation that is entered into by the Company in connection with any refinancing of the Loan Documents.

Continuing Restrictions. Vested Time-Based Shares and shares of common stock issued for vested RSU's remain subject to all restrictions imposed on them by federal and state securities laws, rules and regulations, and by the Company's policies and rules relating to common stock.

Continuing Restrictions. Except as provided in the succeeding sentence, the person or entity to whom such Restricted Units are assigned or otherwise transferred, voluntarily or involuntarily, shall hold such units subject to the terms, conditions, restrictions and options set forth in this Agreement, and shall acknowledge acceptance of this Agreement by concurrently executing and delivering to MLP an agreement substantially the same as this Agreement, in form and substance acceptable to counsel for MLP. Any Restricted Units sold to MLP, sold pursuant to an effective Registration Statement, whether on Form S-3 or otherwise, or sold by means of a public market or exchange, including without limitation the NASDAQ, shall not thereafter be subject to this Agreement or any of the restrictions provided herein.

Continuing Restrictions. Shares of Common Stock issued for vested RSUs remain subject to all restrictions imposed on them by federal and state securities laws, rules and regulations, and by the Company's policies and rules relating to Common Stock.

Continuing Restrictions. Any Class B Units or Profits Interests (collectively, an “Individual Membership Interest”) held by a natural person at the time of a Termination Event with respect to that Person (such Person being referred to herein as the “Withdrawing Individual Member”) shall continue to be subject to the restrictions on Transfer imposed hereby in the hands of the Withdrawing Individual Member or, in the case of death, the personal representative of the estate of the Withdrawing Individual Member (in such case, other than under Section 8.1(a)) (the “Personal Representative”) and all other provisions of this Agreement. If a holder of Class B Units or Profits Interests Transfers all or any portion of his Class B Units or Profits Interests to an Affiliate or Related Party and there is a Termination Event with respect to the Transferor, then the option of the Company pursuant to this Section 8.10 shall apply to all Class B Units and Profits Interests Transferred to the same extent as the Class B Units and Profits Interests held by the initial holder at the time of the Termination Event. Each Transferee of Class B Units and Profits Interests agrees to comply with the terms of this Section 8.10, regardless of whether such Transferee is admitted as a Substituted Member or remains an Assignee.