Pool and Pool Term. During the continuance of this Agreement the Pooled Shareholder hereby agrees that the Pooled Shares shall not be traded, shall remain subject to Pool during any legally required hold period(s) and become available for trading and may be released and sold only in the following manner and at the following times (the full extent of such time being hereinafter referred to as the “Pool Term”): (a) an initial ten percent (10%) of the Pooled Shares shall be released to the Pooled Shareholder on the date which is one calendar year from the Effective Date of this Agreement (the “First Release Date”) in accordance with each Pooled Shareholder’s respective shareholdings; and (b) the lesser of: i) a further ten percent (10%) of the Pooled Shares; or ii) a further one percent (1%) of the average trading volume of PPMH’s shares over the four weeks prior to the end of each quarter period of PPMH’s fiscal year shall be released to the Pooled Shareholder in each quarter period of PPMH’s fiscal year.
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Pool and Pool Term. During the continuance of this Agreement the Pooled Shareholder Shareholders hereby agrees severally agree each with the other that the Pooled Shares shall not be traded, shall remain subject to Pool during any legally required hold period(s) and become available for trading and may be released and sold only in the following manner and at the following times (the full extent of such time being hereinafter referred to as the “Pool Term”):
(a) an initial ten five percent (105%) of the Pooled Shares shall be released to the respective Pooled Shareholder Shareholders on the date which is one calendar year from the Effective Date of this Agreement (the “First Release Date”) in accordance with each Pooled Shareholder’s respective shareholdings; and and
(b) the lesser of:
: i) a further ten five percent (105%) of the Pooled Shares; or ii) a further one percent (1%) of the average trading volume of PPMH’s shares over the four weeks prior to the end of each quarter period of PPMH’s fiscal year shall be released to the respective Pooled Shareholder Shareholders in each quarter period of PPMH’s fiscal year, in accordance with each Pooled Shareholder’s respective shareholdings.
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Samples: Voluntary Pooling Agreement (Pure Play Media Holdings, Inc.)
Pool and Pool Term. During the continuance of this Agreement the Pooled Shareholder hereby agrees that the Pooled Shares shall not be traded, shall remain subject to Pool during any legally required hold period(s) and become available for trading and may be released and sold only in the following manner and at the following times (the full extent of such time being hereinafter referred to as the “Pool Term”):): -6-
(a) an initial ten percent (10%) of the Pooled Shares shall be released to the Pooled Shareholder on the date which is one calendar year from the Effective Date of this Agreement (the “First Release Date”) in accordance with each Pooled Shareholder’s respective shareholdings; and (b) the lesser of:
i) : a further ten percent (10%) of the Pooled Shares; or ii) a further one percent (1%) of the average trading volume of PPMH’s shares over the four weeks prior to the end of each quarter period of PPMH’s fiscal year shall be released to the Pooled Shareholder in each quarter period of PPMH’s fiscal year.
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Pool and Pool Term. During the continuance of this Agreement the Pooled Shareholder hereby agrees that the Pooled Shares shall not be traded, shall remain subject to Pool during any legally required hold period(s) and become available for trading and may be released and sold only in the following manner and at the following times (the full extent of such time being hereinafter referred to as the “Pool Term”):
(a) an initial ten percent (10%) of the Pooled Shares shall be released to the Pooled Shareholder on the date which is one calendar year from the Effective Date of this Agreement (the “First Release Date”) in accordance with each Pooled Shareholder’s respective shareholdings; and (b) the lesser of:
i) : a further ten percent (10%) of the Pooled Shares; or ii) a further one percent (1%) of the average trading volume of PPMH’s shares over the four weeks prior to the end of each quarter period of PPMH’s fiscal year shall be released to the Pooled Shareholder in each quarter period of PPMH’s fiscal year.
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