Management Lockup Sample Clauses

A Management Lockup clause restricts key members of a company's management team from selling their shares or leaving the company for a specified period following a significant event, such as an acquisition or initial public offering. Typically, this clause applies to executives and founders, ensuring they remain with the company and retain their equity interests for a set duration, which can range from several months to a few years. The core function of this clause is to provide stability and continuity in leadership, reassuring investors and stakeholders that the management team will not abruptly exit or divest, which could negatively impact the company's performance or share value.
Management Lockup. Notwithstanding the foregoing, any Per Share Stock Consideration received in respect of any Company Equity Awards other than those Company Equity Awards held by the current or former non-employee directors of the Company Board or former employees of the Company who were no longer employees as of the date of this Agreement, shall be subject to the terms and conditions of the Management Lockup Agreement.
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Management Lockup. As of the Closing Date, certain members of the Parent’s management shall have entered into a lockup agreement in substantially the form attached hereto as Exhibit D and which shall terminate on the 1st anniversary of the Closing Date.
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Management Lockup. E▇▇▇▇▇▇▇ hereby agrees, for a period (the ----------------- "Lock-up Period") commencing on the Closing Date and ending on the later of (i) the second anniversary of the Closing Date, or (ii) the date upon which the right of NPS to repurchase any shares held by E▇▇▇▇▇▇▇ terminates, not to sell, loan, pledge, assign, transfer, encumber, distribute, grant or otherwise dispose of, directly or indirectly, or offer, contract or otherwise agree to do any of the foregoing, any rights with respect to (a) any shares of the common stock (the "Common Stock"), of NPS, (b) any options or warrants to purchase any shares of Common Stock or any securities convertible into, or exchangeable for, shares of Common Stock, or (c) any securities convertible into or exchangeable for shares of Common Stock (collectively, the "Securities"), in each case now owned or hereafter acquired directly or indirectly by the undersigned or with respect to which the undersigned has or hereafter acquires the power of disposition during the Lock-up Period (collectively a "Disposition"), otherwise than as a bona fide gift or gifts, provided the donee or donees thereof agree to be bound by this Lock-up Agreement. The foregoing restriction is expressly agreed to preclude E▇▇▇▇▇▇▇ from engaging during the Lock-up Period in any hedging or other transaction which is designed to, or reasonably expected to lead to or result in a Disposition of the Securities, even if such Securities would be disposed of by someone other than E▇▇▇▇▇▇▇. Furthermore, E▇▇▇▇▇▇▇ hereby agrees and consents to the entry of stop transfer instructions with NPS's transfer agent against the transfer of the Securities held by the undersigned, except in compliance with this Lock-up Agreement, and the placement of an appropriate legend on the certificates representing the Securities. It is understood that the lockup provisions in this paragraph apply to E▇▇▇▇▇▇▇ as the leader and CEO of NPS, and are designed to keep M▇. ▇▇▇▇▇▇▇▇'▇ interests aligned with those of NPS's shareholders, and to promote long term shareholder value. Thus, this provision is specifically agreed not to apply to any of the shares held, or to be held, by the ABS Preferred Shareholders, and NPS shall at no time interfere with, or otherwise restrict, hinder or delay any requested transfer of any shares by any of the ABS Preferred Shareholders, so long as such transfer is lawful (which shall be conclusively established by the delivery of a legal opinion at the reques...
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Management Lockup. Prior to Closing the Company has entered into written agreements with those members of management, agreed upon with Investors, (the “Management”) whereby the Management will not directly or indirectly sell, dispose of or convert of any shares of the Company’s common stock, or instruments convertible into common stock, until ninety-days (90) after the effective date of the Registration Statement.
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Management Lockup. Each of the officers and directors of the Company who will continue to be officers and directors of the Company shall execute and deliver a lockup agreement on the Initial Closing Date, in the form attached hereto as Exhibit E.
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Related to Management Lockup

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Management Leave The County will credit each full-time management employee who is exempt under the Fair Labor Standards Act (FLSA) and not eligible for time-and-a-half overtime under this Agreement with forty (40) hours of management leave effective July 1, 2008 and every July 1st thereafter. Employees in seventy-five- (75) hour, eligible job classes, part-time employees in eligible job classes, and employees hired into eligible job classes after the effective date will be credited with a pro-rated amount of management leave. Employees, newly appointed between July 1 and October 31, shall be credited with 5 standard workdays (40 hours) as management leave for that fiscal year. Any employee appointed between November 1 and February 28 (29) shall be credited with 2.5 standard workdays (20 hours) as management leave for the balance of that fiscal year. Any employee appointed between March 1 and May 31 shall be credited with 1 standard workday (8 hours) as management leave for the balance of that fiscal year. Any employee appointed between June 1 and June 30 shall receive no management leave for that fiscal year. Management leave is credited to eligible employees as acknowledgement of the extra hours that management employees are required to work from time to time. Management leave is not a vested right nor compensation for services rendered and as such is not subject to payout upon separation from employment. Unused management leave will carry over from fiscal year to fiscal year as long as the incumbent is a regular-hire employee of the County.

  • Management Services Agreement The term "Management Services ----------------------------- Agreement" shall mean this Management Services Agreement by and between Practice and Business Manager and any amendments hereto.

  • Management Agreement The Management Agreement is in full force and effect and there is no default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Management Contracts The Recipient agrees that from the date hereof until the date on which none of the Infrastructure Bonds, of which the proceeds were used to pay or reimburse the costs of the Project, remain outstanding (the "Agreement Term"): a. The Recipient will not contract with any Private Person to manage the Project or any portion thereof unless all of the following conditions are met: (A) at least 50% of the compensation of the Private Person is based on a periodic, fixed fee that contains no incentive adjustments, and no amount of compensation is based on a share of net profits; (B) the compensation is reasonable in relation to the services performed; (C) the term of the contract does not exceed five (5) years (including any renewal option periods provided for in the contract); (D) if the term of the contract exceeds three (3) years, the Recipient is able to cancel the contract without penalty or cause at the end of each three-year period of the contract; (E) any automatic increases in the periodic, fixed fee may not exceed the percentage increases determined by an external standard set forth in the contract for computing increases; and (F) any new contract with a Private Person which is subject to this subparagraph F.2. will be subject to the requirements of (A) through (F) of this subparagraph F.2.a.; and b. If the Recipient is subject to subparagraph F.2.a. above and it enters into contracts with Private Persons described in subparagraph F.2.a., and the Governing Body of the recipient numbers five (5) or more members, no more than one (1) member of the Governing Body of the Recipient may be an employee or member of the Governing Body of the Private Person. If the Governing Body of the Recipient numbers less than five (5), no member of the Governing Body of the Recipient may be an employee or member of the Governing Body of the Private Person. Similarly, if the Governing Body of the Private Person numbers five (5) or more members, no more than one (1) of those members may be an employee or member of the Governing Body of the Recipient. However, in no event may a member or employee of both the Recipient and Private Person be the Chief Executive Officer or its equivalent of the Recipient or the Private Person. Members of the Governing Body of the Recipient may not own a controlling interest in the Private Person.