Lock-Up for Initial Public Offering. In connection with the first underwritten registration of the Company’s securities, Employee agrees that, upon the request of the Company and the underwriters managing such underwritten offering of the Company’s securities, Employee (or other person entitled to settlement of the RSUs) will not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any of the Shares acquired hereunder (other than those included in the registration) without the prior written consent of the Company and such underwriters, as the case may be, for such period of time, not to exceed 180 days, from the effective date of such registration as the underwriters may specify. The Company and underwriters may request such additional written agreements in furtherance of such lock-up agreement in the form reasonably satisfactory to the Company and such underwriter. The Company may also impose stop-transfer instructions with respect to the Shares subject to the foregoing restrictions until the end of the applicable lock-up period.
Appears in 3 contracts
Samples: Restricted Stock Units Agreement (US Power Generating CO), Restricted Stock Units Agreement (US Power Generating CO), Restricted Stock Units Agreement (US Power Generating CO)
Lock-Up for Initial Public Offering. In connection with the first underwritten registration of the Company’s securities, Employee agrees that, upon the request of the Company and the underwriters managing such underwritten offering of the Company’s securities, Employee (or other person entitled to settlement of the RSUsexercise) will not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any of the Shares acquired hereunder (other than those included in the registration) without the prior written consent of the Company and such underwriters, as the case may be, for such period of time, not to exceed 180 days, from the effective date of such registration as the underwriters may specify. The Company and underwriters may request such additional written agreements in furtherance of such lock-up agreement in the form reasonably satisfactory to the Company and such underwriter. The Company may also impose stop-transfer instructions with respect to the Shares subject to the foregoing restrictions until the end of the applicable lock-up period.
Appears in 2 contracts
Samples: Stock Appreciation Rights Agreement (US Power Generating CO), Stock Appreciation Rights Agreement (US Power Generating CO)