Common use of Lockup Provision Clause in Contracts

Lockup Provision. The Grantee and each Permitted Transferee shall agree, if requested by the Company and any underwriter engaged by the Company, not to sell or otherwise transfer or dispose of any securities of the Company (including, without limitation pursuant to Rule 144 under the Act (or any successor or similar exemptive rule hereafter in effect)) held by them for such period following the effective date of any registration statement of the Company filed under the Act as the Company or such underwriter shall specify reasonably and in good faith, not to exceed 180 days in the case of the Company's Initial Public Offering or 90 days in the case of any other public offering.

Appears in 2 contracts

Samples: 1 (Servicesoft Technologies Inc), Restricted Stock Agreement (Servicesoft Technologies Inc)

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Lockup Provision. The Grantee Participant and each Permitted Transferee shall agree, if requested by the Company and any underwriter engaged by the Company, not to sell or otherwise transfer or dispose of any securities of the Company (including, without limitation pursuant to Rule 144 under the Securities Act (or any successor or similar exemptive rule hereafter in effect)) held by them for such period following the effective date of any registration statement of the Company filed under the Securities Act as the Company or such underwriter shall specify reasonably and in good faith, not to exceed 180 days in the case of the Company's Initial Public Offering ’s initial public offering or 90 days in the case of any other public offering.. * * * * *

Appears in 1 contract

Samples: Restricted Stock Agreement (Wesco Aircraft Holdings, Inc)

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Lockup Provision. The Grantee Participant and each Permitted Transferee shall agree, if requested by the Company and any underwriter engaged by the Company, not to sell or otherwise transfer or dispose of any securities of the Company (including, without limitation pursuant to Rule 144 under the Securities Act (or any successor or similar exemptive rule hereafter in effect)) held by them for such period following the effective date of any registration statement of the Company filed under the Securities Act as the Company or such underwriter shall specify reasonably and in good faith, not to exceed 180 days in the case of the Company's an Initial Public Offering or 90 days in the case of any other public offering.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Wesco Aircraft Holdings, Inc)

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