Lockup of Shares. The Shareholder hereby agrees that he will not, except as provided herein, prior to the third Anniversary Date, sell (including without limitation in a short sale), transfer, assign or dispose of (by gift or otherwise) (collectively, "Transfer"), other than Permitted Transfers, any of the Restricted Shares (the "Transfer Restriction"). Notwithstanding the foregoing, the Restricted Shares shall cease to be subject to the Transfer Restriction in accordance with the following provisions:
Lockup of Shares. The Shareholder will not sell in a public or private transaction or in any other way divest himself of any Shares, Future Shares or unexercised Options of the Company now owned or which may be acquired during the term of this Agreement, whether ownership is of direct or indirect interest.
Lockup of Shares. The Stockholder agrees that during the term of this Agreement, he, she, or it will not sell in excess of the number of the Stockholder Shares in accordance with the following formula:
Lockup of Shares. (a) Until the first year anniversary of the date of this Agreement, neither Superfly nor Seller will offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of Lenco Common Stock, enter into a transaction which would have the same effect, or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of any shares of Lenco Common Stock, whether any such aforementioned transaction is to be settled by delivery of shares of Lenco Common Stock or other securities, in cash or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement.
Lockup of Shares. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, during the period beginning on the final Closing Date of the offering and ending on the fifteen (15) month anniversary thereof (the “Lockup Period”), each Purchaser will not directly or indirectly, (i) offer, sell, offer to sell, contract to sell, hedge, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or sell (or announce any offer, sale, offer of sale, contract of sale, hedge, pledge, sale of any option or contract to purchase, purchase of any option or contract of sale, grant of any option, right or warrant to purchase or other sale or disposition), or otherwise transfer or dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the future), any portion of the Shares, beneficially owned, within the meaning of Rule 13d-3 under the Exchange Act, by such Purchaser or (ii) enter into any swap or other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of any portion of the Shares, whether or not any such swap or transaction described in clause (i) or (ii) above is to be settled by delivery of any Shares
Lockup of Shares. Until one year following the filing of a registration statement (the “Registration Statement”) by the Company with the Securities and Exchange Commission (the “SEC”), the Shareholder hereby agrees that he will not, (and will cause any immediate family member of (i) the Shareholder or (ii) the Shareholder’s spouse, living in the Shareholder’s household not to), without the prior written consent of the Company (which consent may be withheld in its sole discretion), directly or indirectly, sell, offer, contract or grant any option to sell (including without limitation any short sale), pledge, transfer, establish an open “put equivalent position” within the meaning of Rule 16a-1(h) under the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) or otherwise dispose of any Shares, options or warrants to acquire the Shares, or securities exchangeable or exercisable for or convertible into the Shares currently or hereafter owned either of record or beneficially (as defined in Rule 13d-3 under the Exchange Act) by the Shareholder (or such spouse or family member), or publicly announce an intention to do any of the foregoing (the “Initial Lockup Period”). These restrictions on resale of the Shares shall be in addition to any limitations pertaining to the resale of the Shares by the Shareholder pursuant to Rule 144 promulgated by the SEC under the Securities Act of 1933, as amended. The Shareholder also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar against the transfer of the Shares or securities convertible into or exchangeable or exercisable for the Shares held by the Shareholder except in compliance with the foregoing restrictions.
Lockup of Shares. In consideration of the grant of this option and in connection with any underwritten registration of securities of the Company under the Act. The Optionee hereby agrees in writing not to sell or otherwise transfer or dispose of any shares of Common Stock or other securities of the Company purchased by Optionee upon the exercise of this Option, during such period (not to exceed 180 days following the effective date (the “Effective Date”) of the registration statement of the Company filed under the Act) as may be requested by the Company or the representative of the underwriters. For purposes of this restriction, the Optionee will be deemed to own securities which (i) are owned directly or indirectly by the Optionee, including securities held for the Optionee’s benefit by nominees, custodians, brokers or pledgees; and (ii) may be acquired by the Optionee within sixty (60) days of the Effective Date.
Lockup of Shares. 1.1. Each New Holder hereby agrees that, without the prior written consent of the Company and except as set forth below, he will not during the period commencing on the Effective Date and ending on the 12 month anniversary of the Effective Date (the “Lock Up Period”) (i) offer, pledge, gift, donate, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Shares, or (ii) enter into any swap, option (including, without limitation, put or call options), short sale, future, forward or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Shares, whether any such transaction is to be settled by delivery of Shares or such other securities, in cash or otherwise ((i) and (ii) being hereinafter collectively referred to as the “Lock Up”).
Lockup of Shares. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, during the period beginning on the Closing Date and ending on the twenty four (24) month anniversary thereof (the “Lockup Period”), Holder will not directly or indirectly, (i) offer, sell, offer to sell, contract to sell, hedge, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or sell (or announce any offer, sale, offer of sale, contract of sale, hedge, pledge, sale of any option or contract to purchase, purchase of any option or contract of sale, grant of any option, right or warrant to purchase or other sale or disposition), or otherwise transfer or dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the future), any portion of the Shares (collectively the “Lock-Up Securities”), beneficially owned, within the meaning of Rule 13d-3 under the Exchange Act, by such holder on the date hereof or hereafter acquired or (ii) enter into any swap or other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of any portion of the Lock-Up Securities, whether or not any such swap or transaction described in clause (i) or (ii) above is to be settled by delivery of any of the Lock-Up Securities”.
