Common use of Disposition of Stock during Lifetime Clause in Contracts

Disposition of Stock during Lifetime. Except to the extent as provided for by Rule 144 of the Securities and Exchange Act, Executive may dispose of any of the shares of stock of the Company now or hereafter owned by him. The word "dispose" as herein used shall mean to sell, assign or transfer, with or without consideration, encumber, pledge, hypothecate, or otherwise dispose of shares of stock in the Company.

Disposition of Stock during Lifetime. Except to the extent as provided for by Rule 144 of the Securities and Exchange Act, Executive may dispose of any of the shares of stock of the Company now or hereafter owned by him. The word "“dispose" ” as herein used shall mean to sell, assign or transfer, with or without consideration, encumber, pledge, hypothecate, or otherwise dispose of shares of stock in the Company.