No Sale or Pledge of Restricted Securities. Except as otherwise provided herein, the Optionee agrees and covenants that during the Restricted Period he or she shall not sell, pledge, encumber or otherwise transfer or dispose of, and shall not permit to be sold, encumbered, attached or otherwise disposed of or transferred in any manner, either voluntarily or by operation of law (all hereinafter collectively referred to as “transfers”), all or any portion of the Restricted Securities or any interest therein except in accordance with and subject to the terms of this Section 7.
Appears in 5 contracts
Samples: Non Qualified Stock Option Agreement (Integrity Applications, Inc.), Non Qualified Stock Option Agreement (American Defense Systems Inc), Incentive Stock Option Agreement (American Defense Systems Inc)
