Restrictions on Transfer of RW Common Stock. (a) Except for transfers to employees of the Company that are approved in writing by the Board of Directors of RW (or a committee designated by the Board of Directors of RW) prior to such transfer, during the one year period ending on the first anniversary of the IPO Closing Date (the "Restricted Period"), no Stockholder voluntarily will: (i) sell, assign, exchange, transfer, encumber, pledge, distribute, appoint or otherwise dispose of (A) any shares of RW Common Stock received by any Stockholder in the Merger or (B) any interest in (including any option to buy or sell) any of those shares of RW Common Stock, in whole or in part, and RW will have no obligation to, and shall not, treat any such attempted transfer as effective for any purpose; or (ii) engage in any
Appears in 11 contracts
Samples: Agreement and Plan of Reorganization (Railworks Corp), Agreement and Plan of Reorganization (Railworks Corp), Agreement and Plan of Reorganization (Railworks Corp)
