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.
Appears in 7 contracts
Samples: Senior Management Agreement (Zefer Corp), Senior Management Agreement (Zefer Corp), Senior Management Agreement (Zefer Corp)
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.. * * * * *
Appears in 1 contract
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.
Appears in 1 contract
Samples: Employment Agreement (Zefer Corp)
