Common use of Restrictions on Transfer and Conversion Clause in Contracts

Restrictions on Transfer and Conversion. (a) The Company and the Holder acknowledge and agree that the Restricted Shares are subject to and restricted by this Agreement. Once vested, the Restricted Shares shall no longer be restricted by the terms of this Agreement but shall be subject to the restrictions set forth in the Registration Rights Agreement and the Securities Act.

Appears in 8 contracts

Samples: Restricted Common Stock Agreement (STR Holdings, Inc.), Restricted Common Stock Agreement (STR Holdings (New) LLC), Restricted Common Stock Agreement (STR Holdings (New) LLC)

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