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Common use of No Distribution Clause in Contracts

No Distribution. The Administrator may require each person acquiring Stock pursuant to an Award to represent to and agree with the Company in writing that such person is acquiring the shares without a view to distribution thereof.

Appears in 11 contracts

Sources: Business Combination Agreement (Perceptive Capital Solutions Corp), Non Qualified Stock Option Agreement (Jounce Therapeutics, Inc.), Non Qualified Stock Option Agreement (Jounce Therapeutics, Inc.)

Related Clauses

  • No Distributions
  • Distribution of Cash
  • No Public Sale or Distribution
  • Liquidation Distributions
  • Distributions

Parent Clauses

  • Representations and Warranties
  • REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
  • Representations and Warranties of Buyer
  • Limitations on Use
  • Increased Cost of Stock Borrow

Sub-Clauses

  • Bankruptcy
  • Time of Exercise
  • Grant of Option
  • Conditions Subsequent
  • No Violation
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