Common use of No Pledge or Security Interest Clause in Contracts

No Pledge or Security Interest. The purpose of the Company's ------------------------------ retention of the Executive's stock certificates and executed stock powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by the Executive of, or the granting of a security interest in, the underlying stock.

No Pledge or Security Interest. The purpose of the Company's ------------------------------ retention of the ExecutiveHolder's stock certificates and executed stock powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by the Executive Holder of, or the granting of a security interest in, the underlying stock.. * * * * *

No Pledge or Security Interest. The purpose of the Company's ------------------------------ retention of the ExecutiveEmployee's stock certificates and executed stock powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by the Executive Employee of, or the granting of a security interest in, the underlying stock.

No Pledge or Security Interest. The purpose of the Company's ------------------------------ ’s retention of the Executive's stock ’s certificates and executed stock powers Stock Powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Section 6 of the Stockholders Agreement and does not constitute a pledge by the Executive of, or the granting of a security interest in, the underlying stockequity.