Common use of Limitation on Number of Shares Transferred Clause in Contracts

Limitation on Number of Shares Transferred. Until the occurrence of the Restriction Expiration Event, no Shareholder shall be entitled to Transfer any Shares (other than pursuant to a Permitted Transfer) if the aggregate number of Shares so Transferred, when aggregated with the cumulative amount of Shares Transferred (other than Shares Transferred pursuant to any Permitted Transfer) by such Shareholder's Share Group since the date hereof, including any Shares so Transferred in connection with the Initial Public Offering and the exercise of the Overallotment Option, exceeds such Shareholder's Transfer Limit Amount. Notwithstanding the foregoing, this Section 3.2 shall not apply to or restrict the Transfer of (i) Shares purchased by any Shareholder following the Initial Public Offering, (ii) Shares acquired by any Shareholder pursuant to the options granted by the Company in conjunction with or following the Initial Public Offering or (iii) Shares held by any officer or employee of the Company or its Subsidiaries following such Person's retirement if such Person attained the age of 65 at the time of such retirement.

Limitation on Number of Shares Transferred. Until the occurrence of the Restriction Expiration Event, no Shareholder shall be entitled to Transfer any Shares (other than pursuant to a Permitted Transfer) if the aggregate number of Shares so Transferred, when aggregated with the cumulative amount of Shares Transferred (other than Shares Transferred pursuant to any Permitted Transfer) by such Shareholder's ’s Share Group since the date hereof, including any Shares so Transferred in connection with the Initial Public Offering and the exercise of the Overallotment Option, exceeds such Shareholder's ’s Transfer Limit Amount. Notwithstanding the foregoing, this Section 3.2 shall not apply to or restrict the Transfer of (i) Shares purchased by any Shareholder following the Initial Public Offering, (ii) Shares acquired by any Shareholder pursuant to the options granted by the Company in conjunction with or following the Initial Public Offering or (iii) Shares held by any officer or employee of the Company or its Subsidiaries following such Person's ’s retirement if such Person attained the age of 65 at the time of such retirement.