Common use of Sales to Principal Beneficial Owners Clause in Contracts

Sales to Principal Beneficial Owners. The Sponsor and its Affiliates shall not transfer all or any portion of the shares of Common Stock beneficially owned by them to a Principal Beneficial Owner, other than an Affiliate of the Sponsor, unless such Principal Beneficial Owner agrees to be bound by this Section 7 as if it were the Sponsor. To the extent that the Sponsor and its Affiliates transfer any shares of Common Stock to a Principal Beneficial Owner other than an Affiliate of the Sponsor, you and your Permitted Transferees agree that such Principal Beneficial Owner shall receive the benefits set forth in Sections 7.4 and 7.5 hereof as if such Principal Beneficial Owner were the Sponsor.

Appears in 22 contracts

Samples: Restricted Stock Agreement (Vertis Inc), Restricted Stock Agreement (Vertis Inc), Restricted Stock Agreement (Vertis Inc)

AutoNDA by SimpleDocs

Sales to Principal Beneficial Owners. The Sponsor and its Affiliates shall not transfer Transfer all or any portion of the shares of Common Stock beneficially owned by them to a Principal Beneficial Owner, other than an Affiliate of the Sponsor, unless such Principal Beneficial Owner agrees to be bound by this Section 7 Article VII as if it were the Sponsor. To the extent that the Sponsor and its Affiliates transfer Transfer any shares of Common Stock to a Principal Beneficial Owner other than an Affiliate of the Sponsor, you the Executive and your the Executive’s Permitted Transferees agree that such Principal Beneficial Owner shall receive the benefits set forth in Sections 7.4 and 7.5 hereof as if such Principal Beneficial Owner were the Sponsor.

Appears in 1 contract

Samples: Management Subscription Agreement (Vertis Inc)

AutoNDA by SimpleDocs

Sales to Principal Beneficial Owners. The Sponsor and its Affiliates shall not transfer Transfer all or any portion of the shares of Common Stock beneficially owned by them to a Principal Beneficial Owner, other than an Affiliate of the Sponsor, unless such Principal Beneficial Owner agrees to be bound by this Section 7 Article VII as if it were the Sponsor. To the extent that the Sponsor and its Affiliates transfer Transfer any shares of Common Stock to a Principal Beneficial Owner other than an Affiliate of the Sponsor, you the Executive and your the Executive’s Permitted Transferees agree that such Principal Beneficial Owner shall receive the benefits set forth in Sections 7.4 and 7.5 hereof as if such Principal Beneficial Owner were the Sponsor.. ARTICLE V1I1

Appears in 1 contract

Samples: Management Subscription Agreement (Vertis Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.