Common use of Sale Limitations Clause in Contracts

Sale Limitations. The shares issued pursuant to section 2.2(a) (the “Employment Shares”) shall be subject to the terms and conditions of this section 2.2(c). These shares are subject to the volume limitations set forth by the Securities Act Rule 144 which states the shares must be held for six months before they can be sold and sales are limited to one percent (1%) of outstanding shares per 90 day period. In addition, the Executive agrees not to sell more than five (5%) of the daily volume of the stock.

Sale Limitations. The shares issued pursuant to section 2.2(a) (the “Employment Shares”) shall be subject to the terms and conditions of this section 2.2(c). These shares are subject to the volume limitations set forth by the Securities Act Rule 144 which states the shares must be held for six months before they can be sold and sales are limited to one percent (1%) of outstanding shares per 90 day period. In addition, the Executive agrees not to sell more than five percent (5%) of the daily volume of the stock. The five (5%) daily volume limitation shall also apply to any shares own by the Executive previous to entering into this agreement.

Sale Limitations. The shares issued pursuant to section 2.2(a2.1(a) (the “Employment Shares”) shall be subject to the terms and conditions of this section 2.2(c2.1(c). These shares are subject to the volume limitations set forth by the Securities Act Rule 144 which states the shares must be held for six months before they can be sold and sales are limited to one percent (1%) of outstanding shares per 90 day period. In addition, the Executive agrees not to sell more than five (5%) of the daily volume of the stock.