Common use of Lock-Up Provisions Clause in Contracts

Lock-Up Provisions. In addition to the other restrictions provided in this Schedule, the Employee agrees to the following limitations and lock-up provisions: 3.4.3.1 The Employee shall not dispose or convey greater than five-percent (5%) of the Shares and or any shares under his control for his personal benefit between the first day after the first year after issuance and the conclusion of the second year after issuance. 3.4.3.2 The Employee shall not dispose or convey greater than fifteen percent (15%) of the Shares and or any shares under his control for his personal benefit between the conclusion of the first year up to and after the first day of the third year after issuance. 3.4.3.3 The Employee shall not dispose or convey greater than twenty percent (20%) of the Shares and or any shares under his control for his personal benefit between the conclusion of the first year up to and after the first day of the fourth year after issuance.