Common use of Directed Shares Clause in Contracts

Directed Shares. It is understood that approximately 162,000 shares of the Initial Shares (“Directed Shares”) initially will be reserved by the Underwriters for offer and sale to trustees, employees, business associates and related persons (“Directed Share Participants”) upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “Directed Shares Program”). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately 162,000 [ ] shares of the Initial Shares (“"Directed Shares”") initially will be reserved by the Underwriters for offer and sale to trustees, employees, business associates and related persons (“"Directed Share Participants”") upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “"Directed Shares Share Program”"). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that up to 75,000 shares of Common Stock, representing approximately 162,000 shares 2% of the Initial Shares (“"Directed Shares”") initially will be reserved by the Underwriters for offer and sale to trustees, employees, directors, family members, friends and certain other persons having business associates and related persons relationships with the Company (“"Directed Share Participants”") upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “Directed Shares Program”). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the "Directed Share Program"). Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately 162,000 1,364,690 shares of the Initial Shares (“Directed Shares”) initially will be reserved by the Underwriters for offer and sale to employees, trustees, employees, business associates and related persons (“Directed Share Participants”) upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “Directed Shares Share Program”). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately 162,000 shares up to 3% of the Initial Shares to be offered by the Company (“Directed Shares”the "DIRECTED SHARES") will initially will be reserved by the Underwriters for offer and sale to trusteescertain directors, employees, officers and employees of the Company and certain other persons having business associates and related persons relationships with the Company (“Directed Share Participants”"DIRECTED SHARE PARTICIPANTS") upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “Directed Shares Program”"DIRECTED SHARE PROGRAM"). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public by the Underwriters as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately 162,000 340,000 shares of the Initial Shares (“Directed Shares”) initially will be reserved by the Underwriters for offer and sale to trusteesofficers, employeesdirectors, business associates employees and related persons other individuals who have family or personal relationships with the employees of the Company (“Directed Share Participants”) upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “NASD”)(the “Directed Shares Share Program”). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered by the Underwriters to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately 162,000 [ ] shares of the Initial Shares (“"Directed Shares”") initially will be reserved by the Underwriters for offer and sale to employees, trustees, employees, business associates and related persons (“"Directed Share Participants”") upon the terms and conditions set forth in the Prospectus and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the “"Directed Shares Share Program”"). Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated will administer the Directed Share Program. Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.