Common use of Limited Transfer During Offering Clause in Contracts

Limited Transfer During Offering. In the event there is an effective registration statement under the Securities Act pursuant to which shares of Common Stock shall be offered for sale in an underwritten offering, a Participant shall not, during the period requested by the underwriters managing the registered public offering, effect any public sale or distribution of shares received directly or indirectly pursuant to an exercise of an Award.

Appears in 2 contracts

Samples: Stock Compensation Plan (First Mercury Financial Corp), Stock Compensation Plan (First Mercury Financial Corp)

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Limited Transfer During Offering. In the event there is an effective registration statement under the Securities Act pursuant to which shares of Common Stock shall be offered for sale in an underwritten offering, a Participant shall not, during the period requested by the underwriters managing the registered public offering, effect any public sale or distribution of shares received directly or indirectly pursuant to an exercise of an AwardOption.

Appears in 2 contracts

Samples: Stock Option Plan (Caldera Pharmaceuticals Inc), 2003 Stock Option Plan (Angiotech Pharmaceuticals Inc)

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Limited Transfer During Offering. In the event there is an effective registration statement under the Securities Act pursuant to which shares of Common Stock shall be offered for sale in an underwritten offering, a Participant shall not, during the period requested by the underwriters managing the registered public offering, effect any public sale or distribution of shares received directly or indirectly pursuant to an exercise of an Award.

Appears in 1 contract

Samples: Incentive Stock Plan (Grove, Inc.)

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