Common use of SEC Rule 144 Clause in Contracts

SEC Rule 144. Grantee understands that Rule 144 promulgated under the Securities Act may indefinitely restrict transfer of the Common Stock so long as Grantee remains an “affiliate” of the Company or if “current public information” about the Company (as defined in Rule 144) is not publicly available.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Affirmative Insurance Holdings Inc), Executive Employment Agreement (Affirmative Insurance Holdings Inc), Executive Employment Agreement (Affirmative Insurance Holdings Inc)

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SEC Rule 144. Grantee understands that Rule 144 promulgated under the Securities Act may indefinitely restrict transfer of the Common Stock so long as Grantee remains an "affiliate" of the Company or if "current public information" about the Company (as defined in Rule 144) is not publicly available.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Emulex Corp /De/), Restricted Stock Award Agreement (KCS Energy Inc), Restricted Stock Award Agreement (KCS Energy Inc)

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