Retention of Shares. During the period in which the restrictions on transfer and risk of forfeiture provided in Sections 3 and 4 of this Agreement are in effect, the Restricted Shares covered by this grant shall be either: (a) represented by certificates retained by the Company, together with the accompanying stock power signed by Grantee and endorsed in blank; or (b) held at the Company’s transfer agent in book entry form with appropriate restrictions relating to the transfer of such Restricted Shares, and endorsed with an appropriate legend referring to the restrictions set forth herein.
Retention of Shares. If you are subject to Valmont’s stock ownership guidelines and have not met those guidelines at the time you exercise your rights under the Option, you shall retain, and not transfer or otherwise dispose of, at least seventy-five percent (75%) of the net shares that are delivered to you upon exercise of the Option until you meet the applicable ownership guidelines.
Retention of Shares. Each Holder agrees that he, she or it will not, prior to termination of this Agreement, directly or indirectly, sell, short sell, transfer, pledge, assign, tender or otherwise dispose of any of such Holder’s Shares (a “Transfer”) or enter into any contract, arrangement or understanding with respect to a Transfer of the Shares.
Retention of Shares. Upon exercise of all or part of this Option, if the Employee, at the time of exercise, has not met the stock ownership guidelines of the Company applicable to Employee, the net shares obtained through the exercise of the Option shall be retained, and not otherwise disposed of, for a period of one year from the date of exercise.
Retention of Shares. Until the fifth anniversary of the date of this Agreement, each holder of Shares shall not Transfer any interest in any of the Shares, except for Exempt Transfers (as defined in Section 2(b) below).
Retention of Shares. To ensure the availability for delivery of the Participant’s Unreleased Shares upon their return to the Company pursuant to the Company’s Return Right, the Company shall retain possession of the share certificates representing the Unreleased Shares, together with a stock assignment duly endorsed in blank, attached hereto as Exhibit A. The Company shall hold the Unreleased Shares and related stock assignment until the Company’s Return Right expires as to such Shares. In addition, the Company may require the spouse of Participant, if any, to execute and deliver to the Company a spousal consent acknowledging the Company’s Return Right. When the Return Right has been exercised or expires, the Company shall promptly deliver the certificate to the Company or the Participant, as the case may be.
Retention of Shares. During the period in which the restrictions on transfer and risk of forfeiture provided in Section 2 above are in effect, the Restricted Shares shall be held by the Company’s transfer agent in book entry form.
Retention of Shares. As of the date hereof, each of Universal and Thorn Tree has delivered to Sixth Avenue all Universal Dividend Shares and Thorn Tree Dividend Shares in accordance with the Standstill Pledge Agreement. On the date hereof, Sixth Avenue shall release from the Pledge, and reassign and deliver certificates to Universal for 300,000 of the Universal Dividend Shares (the "Universal Retained Shares"). Solely for the convenience of the members of Universal, 150,000 of the Universal Dividend Shares shall be issued in the name of Xxxxxxxx, and 150,000 of the Universal Dividend Shares shall be issued in the name of Stanson. Subject to Section 1(d)(ii) below, Sixth Avenue shall continue to hold the remaining 11,957,100 Universal Shares and any dividend shares subsequently paid with respect to the remaining Universal Shares (the "Universal Pledged Shares," and together with the Thorn Tree Pledged Shares, the "Pledged Shares") pursuant to the Standstill Pledge Agreement as security for the Sixth Avenue Debt.
Retention of Shares. The Holder agrees that the Holder shall not, prior to the Termination Date, (a) directly or indirectly, offer for sale, sell, short sell, transfer, tender, pledge, encumber, assign, or otherwise dispose of, or grant a proxy with respect to, any of the Holder’s Shares (each a “Transfer”), (b) enter into or acquire a derivative contract with respect to any of the Shares, enter into or acquire a futures or forward contract to deliver any of the Shares or enter into any other hedging or other derivative, swap, “put-call,” margin, securities lending or other transaction that has or reasonably would be expected to have the effect of changing, limiting, arbitraging or reallocating the economic benefits and risks of ownership of any of the Shares (each a “Constructive Transfer”), or (c) otherwise enter into any contract, option or arrangement or understanding with respect to a Transfer or Constructive Transfer of the Shares. Any Transfer or Constructive Transfer or attempted Transfer or attempted Constructive Transfer in violation of this Agreement shall be void ab initio. In furtherance of the foregoing, the Holder hereby authorizes and instructs the Company to instruct its transfer agent to enter a stop transfer order with respect to all of the Shares.
Retention of Shares. The Shareholder agrees that he or she will not, prior to termination of this Agreement in accordance with Section 5, convey or otherwise transfer or dispose of any of the Shares, or any interest therein, including the right to vote any Shares, except (1) for Shares transferred in connection with the so-called "cashless exercise" of Stock Options to the extent permitted by the Carbon's 1999 Stock Option Plan and (2) with the consent of Evergreen (which consent shall not be unreasonably withheld).
