Restrictions on Sale of Stock. The Shares issued as settlement for the payment for any vested Restricted Stock Units awarded under this Agreement will be registered under the federal securities laws and will be freely tradable upon receipt. However, the Grantee’s subsequent sale of the Shares will be subject to paragraph 8(d) above, any market blackout-period that may be imposed by the Company and must comply with the Company’s xxxxxxx xxxxxxx policies, and any other applicable securities laws. In addition, the Shares issued as settlement for the payment of any vested Restricted Stock Units awarded under this Agreement will also be subject to any applicable ownership guidelines and Share ownership holding periods which may be currently in effect under the Company’s trading policy.
Restrictions on Sale of Stock. (a) No Lender will sell, assign, pledge or otherwise transfer any shares of its Lender Common Stock or Lender Preferred Stock except in accordance with the terms of this Voting Agreement.
Restrictions on Sale of Stock. Sellers agree that for the period beginning on the Closing Date and ending 120 days thereafter, Sellers will not directly or indirectly sell, hypothecate, pledge or otherwise transfer the Stock.
Restrictions on Sale of Stock. The Shares issued as settlement for the payment for any vested PRSUs awarded under this Agreement will be registered under the federal securities laws and will be freely tradable upon receipt. However, the Grantee's subsequent sale of the Shares will be subject to paragraph 8(d) above, any market blackout-period that may be imposed by the Company and must comply with the Company's xxxxxxx xxxxxxx policies, and any other applicable securities laws. In addition, the Shares issued as settlement for the payment of any vested PRSUs awarded under this Agreement will also be subject to any applicable ownership guidelines and Share ownership holding periods that then are in effect.
Restrictions on Sale of Stock. The Company will impose no restrictions on your sale of shares of the Company's stock after the Retirement Date. You will of course remain subject to all requirements of law with respect to the purchase and sale of securities. Tax Withholding. All amounts paid by the Company (including amounts paid under the 1998 LTIP) under this Agreement will be subject to the applicable tax and social security withholding and reporting.
Restrictions on Sale of Stock. The Employee further covenants and agrees that, except as provided in the next sentence of this Section 6(b), he will not sell, transfer, hypothecate, grant a security interest in, pledge or otherwise dispose of any shares of capital stock of the Company, securities convertible into capital stock of the Company and the shares of capital stock of the Company underlying such convertible securities that are set forth on Schedule A attached hereto or that may be granted after the date hereof (collectively, the "Locked Shares") until the expiration of the lock-up restrictions contained herein or as otherwise contained in the grant agreements with respect to such Locked Shares, and such restrictions on dispositions shall apply upon a termination of this Agreement for cause as described in Section 10(c) hereof; provided, however, that the restrictions with respect to such dispositions as set forth in this sentence shall not apply to the Employee in the event of a "change in control" of the Company or in the event of a termination of this Agreement pursuant to Sections 10(a), 10(b) or 10(d) hereof. With respect to any shares of capital stock of the Company, securities convertible into capital stock of the Company and the shares of capital stock of the Company underlying such convertible securities other than the Locked Shares owned by the Employee, some of which are set forth on Schedule B attached hereto, the Employee shall give the Company's Chairman of the Board five business days advance written notice of any intent to sell such Common Stock. In the event of a termination of this Agreement by the Company for cause, or a termination of this Agreement by the Employee, any existing lock-up restrictions still applicable on the date of termination to the Locked Shares shall be extended for a period of five years from the date such lock-up restriction is initially scheduled to terminate. The grants of Stock Bonus Awards and options identified herein shall be evidenced by separate Stock Bonus Award agreements and stock option award agreements, as applicable, between the Company and the Employee. Notwithstanding the foregoing, the Employee shall, to the extent permitted under applicable law, rule or regulation, be permitted to (i) transfer the Locked Shares to his immediate family members or trusts for the benefit of his immediate family members for estate planning purposes; provided that any such transferees shall be subject to the restrictions applicable to the Empl...
Restrictions on Sale of Stock. The terms of this Article 7 shall terminate upon consummation of a Public Offering. Any Shares included in a public offering shall not be subject to the restrictions set forth in this Article 7.
Restrictions on Sale of Stock. The option granted under this Agreement is not transferable or assignable except by will or by the applicable laws of descent and distribution, and only the Employee may exercise the option granted hereunder during the Employee's lifetime. If the Employee is an executive officer of the Corporation, or is deemed to be an "affiliate" of the Corporation, within the meaning ascribed to that term under Rule 144 of the Securities and Exchange Commission, the number of option shares such person may transfer during any three-month period will be restricted under the provisions of Rule 144. If the Employee is such a person, each certificate evidencing any of the shares of Common Stock acquired by Employee pursuant to this Agreement shall include a restrictive legend consistent with such limitation on transfers. The option granted hereunder shall be registered on the books of the Corporation maintained at its principal office, and shall be exercised only on said books by the registered owner hereof in person or by duly authorized attorney upon surrender of an Exercise Form attached hereto as Exhibit A properly endorsed, and only in compliance with the provisions of the Plan and this Agreement. The Corporation will record any exercises on the Corporation's books indicating the number of option shares having been exercised and the number of option shares remaining to be exercised.
Restrictions on Sale of Stock. Notwithstanding anything herein to the contrary, no more than 50,000 shares of the Common Stock received by Seller pursuant to Sections 3.1.1 through 3.1.3 above may be sold in each of the first three years following the Closing Date.
Restrictions on Sale of Stock. Executive agrees that any sales of any ----------------------------- shares of the Company's stock owned by Executive shall be subject to the following restrictions: 01 None of said shares may be sold for a period commencing on the date hereof and continuing until the earlier of (i) three years following the Commencement Date or (ii) termination of Executive's membership on the Board of Directors of the Company. Provided however, in no event shall Executive sell any of said shares for a period of one year following the Commencement Date.
