Common use of Retention of Executive Stock Clause in Contracts

Retention of Executive Stock. (i) No Executive Purchaser shall sell, transfer, assign, pledge or otherwise dispose of (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) any interest in any Unvested Securities (a "Transfer"), except pursuant to (A) the repurchase provisions of paragraph 3 hereof or of the LLC Agreement, (B) the "Participation Rights" or "Put" provisions set forth in the Securityholders Agreement, or (C) a Sale of the Company (as defined in the Securityholders Agreement) (each of (A), (B), and (C), an "Exempt Transfer").

Retention of Executive Stock. (i) No Executive Purchaser shall not sell, transfer, assign, pledge or otherwise dispose of (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) any interest in any Unvested Executive Securities (a "Transfer"), except pursuant to (A) the repurchase provisions of paragraph 3 hereof or of the LLC Agreement, (B) the "Participation Rights" or "Put" provisions set forth in the Securityholders Agreement, or (C) a Sale of the Company (as defined in the Securityholders Agreement) (each of (A), (B), and (C), an "Exempt Transfer").

Retention of Executive Stock. (i) No Executive Purchaser shall sell, transfer, assign, pledge or otherwise dispose of (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) any interest in any Unvested Executive Securities (a "Transfer"), except pursuant to (A) the repurchase provisions of paragraph 3 hereof or of the LLC Agreement, (B) the "Participation Rights" or "Put" provisions set forth in the Securityholders Agreement, or (C) a Sale of the Company (as defined in the Securityholders Agreement) (each of (A), (B), and (C), an "Exempt Transfer").

Retention of Executive Stock. (i) No Executive Purchaser shall sell, transfer, assign, pledge or otherwise dispose of (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) any interest in any Unvested Executive Securities (a "Transfer"), except pursuant to (A) the repurchase provisions of paragraph 3 hereof or of the LLC Agreement, (B) the "Participation Rights" or "Put" provisions set forth in the Securityholders Agreement, or (C) a Sale of the Company (as defined in the Securityholders Agreement) (each of (A), (B), and (C), an "Exempt Transfer").