LIMITATION ON TRANSFERS OF SUBJECT SHARES. (i) LOCK-UP. Executive hereby agrees that, without Parent's prior written consent, he will not, directly or indirectly, Transfer (A) any of the Subject Shares at any time prior to the first anniversary of the date of this Agreement or (B) more than one-half of the Subject Shares at any time from the first anniversary of the date of this Agreement through and including the second anniversary of the date of this Agreement; PROVIDED, HOWEVER, that the foregoing provisions shall become null and void and of no further force or effect in the event that (i) Parent terminates Executive without Cause or pursuant to a Constructive Termination or (ii) Parent experiences a Change of Control.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Etoys Inc), Employment Agreement (Etoys Inc), Agreement and Plan of Reorganization (Etoys Inc)
