Common use of No Sale or Transfer Clause in Contracts

No Sale or Transfer. (a) No Shareholder shall sell, transfer, assign, exchange, pledge, encumber or otherwise dispose of any Securities held by such Shareholder or grant any option or right to purchase such Securities or any legal or beneficial interest therein or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of any Securities held by such Shareholder, except (i) to the Company in accordance with the terms of Section 3.2 or Section 4, (ii) to a Third Party or Third Parties in accordance with Sections 3.3, 3.4 or 3.5 or (iii) as provided for in subsection (b) below.

No Sale or Transfer. (a) No Shareholder Prior to the Release Date, no Stockholder shall sell, transfer, assign, exchange, pledge, encumber or otherwise dispose of any Securities Common Stock held by such Shareholder Stockholder or grant any option or right to purchase such Securities Common Stock or any legal or beneficial interest therein or enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of any Securities Common Stock held by such ShareholderStockholder (each, a “Transfer”), except (i) to the Company in accordance with the terms of Section 3.2 or Section 43.2, (ii) to a Third Party third party or Third Parties third parties in accordance with Sections 3.3, Section 3.3 or 3.4 or 3.5 or (iii) as provided for in subsection (b) below.