Common use of Sales Limitations for Non-Affiliates Clause in Contracts

Sales Limitations for Non-Affiliates. For non-affiliate partners, only shares of Common Stock, not including any Pre-Partner Shares or open market purchase shares (which include Employee Stock Purchase Plan shares), are subject to the Sales Program. Any such shares sold through the Sales Program must either be registered with the Securities and Exchange Commission or held for at least two years in order to qualify for sales pursuant to Rule 144(k) of the Act. The aggregate amount of Shares that can be sold as part of the Sales Program shall not exceed any internal limits set by the Company.

Appears in 3 contracts

Samples: Partners’ Operating Agreement (Diamond Management & Technology Consultants, Inc.), ’ Operating Agreement (Diamondcluster International Inc), ’ Operating Agreement (Diamond Management & Technology Consultants, Inc.)

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Sales Limitations for Non-Affiliates. For non-affiliate partners, only shares of Class B Common Stock, not including any Pre-Partner Shares or open market purchase shares (which include Employee Stock Purchase Plan shares)Shares, are subject to the Sales Program. Any such shares sold through the Sales Program must either be registered with the Securities and Exchange Commission or held for at least two years in order to qualify for sales pursuant to Rule 144(k) of the Act). The aggregate amount of Shares that can be sold as part of the Sales Program shall not exceed any internal limits set by the Company.

Appears in 1 contract

Samples: Partners’ Operating Agreement (Diamondcluster International Inc)

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