Common use of Prohibition Against Xxxxxxx Xxxxxxx Clause in Contracts

Prohibition Against Xxxxxxx Xxxxxxx. Dutch securities laws prohibit xxxxxxx xxxxxxx. Under Article 46 of the Act on the Supervision of the Securities Trade 1995, anyone who has “inside information” related to the Company is prohibited from effectuating a transaction in securities in or from the Netherlands. “Inside information” is knowledge of a detail concerning the issuer to which the securities relate that is not public and which, if published, would reasonably be expected to affect the Share price, regardless of the actual effect on the price. The insider could be any employee of the Company or its Dutch Subsidiary who has inside information as described above. Given the broad scope of the definition of inside information, certain employees of the Company working at its Dutch Subsidiary may have inside information and thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when he or she had such inside information.

Appears in 1 contract

Samples: Stock Option Agreement (Dolby Laboratories, Inc.)

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Prohibition Against Xxxxxxx Xxxxxxx. Dutch securities laws prohibit xxxxxxx xxxxxxx. Under Article 46 5:56 of the Act on the Dutch Financial Supervision of the Securities Trade 1995Act, anyone who has “inside information” related to the Company is prohibited from effectuating a transaction in securities in or from the Netherlands. “Inside information” is knowledge of a detail specific information concerning the issuer to which the securities relate that is not public and which, if published, would reasonably be expected to affect the Share price, regardless of the actual effect on the price. The insider could be any employee of the Company or its Dutch Subsidiary who has inside information as described above. Given the broad scope of the definition of inside information, certain employees of the Company working at its Dutch Subsidiary may have inside information and thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when he or she had such inside information.

Appears in 1 contract

Samples: Stock Option Agreement (Dolby Laboratories, Inc.)

Prohibition Against Xxxxxxx Xxxxxxx. Dutch securities laws prohibit xxxxxxx xxxxxxx. Under Article 46 of the Act on the Supervision of the Securities Trade 1995, anyone who has “inside information” related to the Company Corporation is prohibited from effectuating a transaction in securities in or from the Netherlands. “Inside information” is knowledge of a detail concerning the issuer to which the securities relate that is not public and which, if published, would reasonably be expected to affect the Share stock price, regardless of the actual effect on development of the price. The insider could be any employee of the Company Corporation or its Dutch Subsidiary who has inside information as described above. Given the broad scope of the definition of inside information, certain employees of the Company Corporation working at its Dutch Subsidiary may have inside information and thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when he or she had such inside information.

Appears in 1 contract

Samples: Stock Unit Award Agreement (MSC Software Corp)

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Prohibition Against Xxxxxxx Xxxxxxx. Dutch securities laws prohibit xxxxxxx xxxxxxx. Under Article 46 of the Act on the Supervision of the Securities Trade 1995, anyone who has “inside information” related to the Company is prohibited from effectuating a transaction in securities in or from the Netherlands. “Inside information” is knowledge of a detail concerning the issuer to which the securities relate that is not public and which, if published, would reasonably be expected to affect the Share share price, regardless of the actual effect on the price. The insider could be any employee of the Company or its Dutch Subsidiary or Affiliate who has inside information as described above. Given the broad scope of the definition of inside information, certain employees of the Company working at its Dutch Subsidiary or Affiliate may have inside information and thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when he or she had such inside information.

Appears in 1 contract

Samples: Employee Stock Purchase Plan Subscription Agreement (Dolby Laboratories, Inc.)

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