Common use of NO SALES OF CAPITAL STOCK Clause in Contracts

NO SALES OF CAPITAL STOCK. Between the date of this Agreement and the Effective Time, the Stockholders shall neither sell, exchange, deliver, assign, pledge, encumber nor otherwise transfer or dispose of any Company Stock owned beneficially or of record by the Stockholders, nor grant any right of any kind to acquire, dispose of, vote or otherwise control in any manner such shares of Company Stock; provided, however, that notwithstanding anything to the contrary stated herein, any transferee, executor, heir, legal representative, successor or assign of the Stockholders shall be bound by this Agreement.

Appears in 5 contracts

Samples: Agreement and Plan of Merger and Reorganization (Bizness Online Com), Agreement and Plan of Merger (Bizness Online Com), Agreement and Plan of Merger and Reorganization (Bizness Online Com)

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NO SALES OF CAPITAL STOCK. Between the date of this Agreement and the Effective Time, none of the Stockholders shall neither sell, exchange, deliver, assign, pledge, encumber nor or otherwise transfer or dispose of any Company Stock owned beneficially or of record by the Stockholderssuch Stockholder, nor grant any right of any kind to acquire, dispose of, vote or otherwise control in any manner such shares of Company Stock; provided, however, that notwithstanding anything to the contrary stated herein, any transferee, executor, heir, legal representative, successor or assign of the Stockholders any Stockholder shall be bound by this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Bizness Online Com), Employment Agreement (Bizness Online Com), Employment Agreement (Bizness Online Com)

NO SALES OF CAPITAL STOCK. Between the date of this Agreement and the Effective TimeClosing Date, none of the Stockholders shall neither sell, exchange, deliver, assign, pledge, encumber nor or otherwise transfer or dispose of any Company Stock Shares owned beneficially or of record by the Stockholderssuch Stockholder, nor grant any right of any kind to acquire, dispose of, vote or otherwise control in any manner such shares of Company StockShares; provided, however, that notwithstanding anything to the contrary stated herein, any transferee, executor, heir, legal representative, successor or assign of the Stockholders any Stockholder shall be bound by this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Bizness Online Com), Stock Purchase Agreement (Bizness Online Com)

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NO SALES OF CAPITAL STOCK. Between the date of this Agreement and the Effective Time, the Stockholders Stockholder shall neither sell, exchange, deliver, assign, pledge, encumber nor otherwise transfer or dispose of any Company Stock owned beneficially or of record by the StockholdersStockholder, nor grant any right of any kind to acquire, dispose of, vote or otherwise control in any manner such shares of Company Stock; provided, however, that notwithstanding anything to the contrary stated herein, any transferee, executor, heir, legal representative, successor or assign of the Stockholders Stockholder shall be bound by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Bizness Online Com)

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