Required Holding Period. The holding requirements of this Section 11 shall apply to any Grantee who is an elected or appointed officer of the Company on the date Vested RSRs are paid (or, if earlier, on the date the Grantee’s employment by the Company and its subsidiaries terminates for any reason). Any Grantee subject to this Section 11 shall not be permitted to sell, transfer, anticipate, alienate, assign, pledge, encumber or charge the number of shares equal to 50% of the total payout of Vested RSRs(net of taxes withheld) until the earlier of (A) the third anniversary of the date such shares of Common Stock are paid to the Grantee, (B) the date the Grantee’s employment by the Company and its subsidiaries terminates due to the Grantee’s death or Disability, (C) the occurrence of a Change in Control that results in termination and payment under Section 6.2 or 6.3 above, or (D) with respected to Grantee’s entering a U.S. federal government position only, the latest of (i) the date the Grantee’s employment with the Company terminates, or (ii) the date the Grantee formally accepts the government position in writing, or (iii) the date the government confirms the Grantee (for positions requiring nomination and confirmation). For purposes of this Section 11, the total payout of Vested RSRs shall be determined on a net basis after taking into account any shares otherwise deliverable with respect to the award that the Company withholds to satisfy tax obligations pursuant to Section 7.1. If Grantee is paid less than 50% of the total payout of Vested RSRs (net of taxes) in shares, then all of the shares received will be subject to the holding period requirements in this Section 11. Any shares of Common Stock received in respect of shares that are covered by the holding period requirements of this Section 11 (such as shares received in respect of a stock split or stock dividend) shall be subject to the same holding period requirements as the shares to which they relate.
Required Holding Period. This Option and any Common Stock acquired upon its exercise may not be sold, assigned or otherwise transferred prior to the six (6) month anniversary of the Grant Date.
Required Holding Period. Notwithstanding the provisions of Section 2(b), to the extent necessary for the Option, its exercise or the sale of Option Shares acquired thereunder to be exempt from Section 16(b) of the Exchange Act of 1934, as amended, (i) except in the case of Optionee's death or Disability, Optionee shall not be entitled to exercise the Option until the expiration of the six-month period following the Date of Grant, or (ii) at least six months shall elapse from the Date of Grant to the date of disposition of the Option Shares acquired upon exercise of the Option.
Required Holding Period. Any shares of Stock delivered under the Award to the Participant (after giving effect to any withholding of shares as contemplated by Section 8(b) above) are subject to a further restriction that the Participant may not sell, transfer, pledge, hypothecate or otherwise dispose of such shares of Stock for a period of one year following the Vesting Date; provided, however, that this restriction shall not apply following a Change in Control or in the event that a Beneficiary holds the shares.
Required Holding Period. Original C and F block licensees that won licenses at Auction Nos. 5, 10, and 11, generally are not permitted during the first five years from the date of their initial license grant to assign or transfer control of their licenses won in closed bidding to entities other than those that satisfy the entrepreneur block eligibility rules. 47
Required Holding Period. In accepting this grant, I acknowledge that unless otherwise permitted by the Israeli tax authorities, the Rules as of the Date of Grant, prohibit me from selling my Shares during a period of twenty-four months from the date the grant took place as my Options are subject to the “capital gains track” as set forth in Section 102(b)(2) of the Ordinance (the “Required Holding Period” and “Capital Gains Track”, respectively). Notwithstanding the above, if I elect to sell my Shares during the Required Holding Period, I hereby acknowledge that the sale of the Shares will be taxed in accordance with the relevant provisions of Section 102 of the Ordinance and the Rules regarding a breach of the terms of the Required Holding Period. For the avoidance of doubt, a sale of the Shares during the Required Holding Period will forfeit my right to receive the tax benefits of the Capital Gains Track and the income derived from the exercise of the Options and the sale of the Shares will be taxed as ordinary income (and not at the reduced capital gains tax rate, if applicable) and will be generally subject to National Insurance and Health Tax.
7. I am aware that: (i) the Company intends to issue additional shares and options in the future to various entities and individuals, as the Company, in its sole discretion, shall determine; and (ii) the Company may increase its share capital by new securities in such amount as it finds expedient; and I hereby waive any claim I might or may have regarding such issuance or increase other than any claim or right I may have pursuant to any written agreement between myself and the Company.
Required Holding Period. This Repurchase Option applies only to ------------------------ Shares owned by the Optionee for at least six months after the date the Shares were acquired upon exercise of the Option.
Required Holding Period. The Employee is required to hold any vested shares of Common Stock for a period of two years after the Settlement Date (the “Holding Period”). In the event of death or disability as defined hereabove during the Holding Period, the shares of Common Stock become freely transferable.
