Common use of Limitations Applicable to Employee-Partners Clause in Contracts

Limitations Applicable to Employee-Partners. (i) Subject to the volume limitations set forth in Section 2.02(a)(i)(A), in each Measurement Period, an Employee-Partner may Transfer a maximum number of Registrable Securities equal to the greater of (A) vested Registrable Securities having a market value as of the date of the Transfer equal to $250,000 and (B) the lesser of (1) the number of such Employee-Partner’s vested Registrable Securities and (2) fifteen percent (15%) of the aggregate number of Common Units and Registrable Securities (in each case whether unvested or vested) such Employee-Partner held as of the first day of that period (plus the number of Registrable Securities such Employee-Partner could have Transferred in any prior periods pursuant to this Section 2.01(a)(i) but did not Transfer in such periods).

Appears in 3 contracts

Samples: Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.), Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.), Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.)

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Limitations Applicable to Employee-Partners. (i) Subject to the volume limitations set forth in Section 2.02(a)(i)(A), in each Measurement Periodany measuring period (which shall be one year and the first of which shall begin on the first anniversary of the IPO Closing Date, with subsequent periods to begin upon the end of the prior period), an Employee-Partner may Transfer a maximum number of Registrable Securities equal to the greater of (A) vested Registrable Securities having a -9- market value as of the date of the Transfer equal to $250,000 and (B) the lesser of (1) the number of such Employee-Partner’s vested Registrable Securities and (2) fifteen percent (15%) of the aggregate number of Common Units and Registrable Securities (in each case whether unvested or vested) such Employee-Partner held as of the first day of that period (plus the number of Registrable Securities such Employee-Partner could have Transferred in any prior periods pursuant to this Section 2.01(a)(i) but did not Transfer in such periods).

Appears in 1 contract

Samples: Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.)

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Limitations Applicable to Employee-Partners. (i) Subject to the volume limitations set forth in Section 2.02(a)(i)(A), in each Measurement Periodany measuring period (which shall be one year and the first of which shall begin on the first anniversary of the IPO Closing Date, with subsequent periods to begin upon the end of the prior period), an Employee-Partner may Transfer a maximum number of Registrable Securities equal to the greater of (A) vested Registrable Securities having a market value as of the date of the Transfer equal to $250,000 and (B) the lesser of (1) the number of such Employee-Partner’s vested Registrable Securities and (2) fifteen percent (15%) of the aggregate number of Common Units and Registrable Securities (in each case whether unvested or vested) such Employee-Partner held as of the first day of that period (plus the number of Registrable Securities such Employee-Partner could have Transferred in any prior periods pursuant to this Section 2.01(a)(i) but did not Transfer in such periods).

Appears in 1 contract

Samples: Resale and Registration Rights Agreement (Artisan Partners Asset Management Inc.)

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