Common use of Leak Out Clause in Contracts

Leak Out. All shares of Common Stock issued pursuant to this Agreement may be liquidated at a daily rate of no more than 5% of the preceding 5-day average volume of the Company’s Common Stock on any given trading day.

Appears in 2 contracts

Sources: Stock Option and Performance Share Unit Award Agreement (Medicine Man Technologies, Inc.), Stock Option and Performance Share Unit Award Agreement (Medicine Man Technologies, Inc.)

Leak Out. All shares of Common Stock issued pursuant to this Stock Option Agreement may be liquidated at a daily rate of no more than 5% of the preceding 5-five day average volume of the Company’s Common Stock on any given trading day.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Medicine Man Technologies, Inc.)

Leak Out. All shares of Common Stock issued pursuant to this Agreement may be liquidated at a daily rate of no more than 5% of the preceding 5-5 day average volume of the Company’s Common Stock on any given trading day.

Appears in 1 contract

Sources: Stock Award Agreement (Medicine Man Technologies, Inc.)