Limitation on Sales By Officers and Employee Directors. For a period of 180 days following the date the Registration Statement is declared effective by the Commission, no executive officer or a employee director of the Company shall, individually, sell or otherwise dispose of (other than by reason of death or disability) to any Person an amount of Common stock greater than that allowed by Rule 144, promulgated under the Securities Act.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Royal Spring Water Inc), Securities Purchase Agreement (Convergence Ethanol, Inc.), Securities Purchase Agreement (Boston Biomedica Inc)
Limitation on Sales By Officers and Employee Directors. For a period of 180 120 days following the date the Registration Statement is declared effective by the Commission, no executive officer or a employee director of the Company shall, individually, sell or otherwise dispose of (other than by reason of death or disability) to any Person an amount of Common stock greater than that allowed by Rule 144, promulgated under the Securities Act.
Appears in 3 contracts
Samples: Securities Purchase Agreement (ERF Wireless, Inc.), Securities Purchase Agreement (ERF Wireless, Inc.), Securities Purchase Agreement (ERF Wireless, Inc.)
