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 shall not dispose of any of the shares of stock of the Company now or hereafter owned by him except pursuant to the terms of this agreement or with the written consent of Mxxxxxx Xxxxxx, CEO or Rxxxxx Xxxxx, Corporate Secretary, so long as at the applicable time these individuals are still shareholders (hereinafter “the other Stockholders”). 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 shall not dispose of any of the shares of stock of the Company now or hereafter owned by him except pursuant to the terms of this agreement or with the written consent of Mxxxxxx Xxxxxxx Xxxxxx, CEO or Rxxxxx Xxxxx, Corporate Secretary, so long as at the applicable time these individuals are this individual is still shareholders a shareholder (hereinafter “the other StockholdersStockholder”). The word "dispose" as herein used shall mean to sell, assign or transfer, with or without consideration, encumber, pledge, hypothecate, or otherwise dispose of a shares of stock in the Company.