Common use of SEC Rule 144 Clause in Contracts

SEC Rule 144. Purchaser understands that Rule 144 promulgated under the Securities Act may indefinitely restrict transfer of the Shares so long as Purchaser 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: Stock Option Agreement (Affirmative Insurance Holdings Inc), Executive Employment Agreement (Affirmative Insurance Holdings Inc), Stock Option Agreement (Affirmative Insurance Holdings Inc)

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SEC Rule 144. Purchaser understands that Rule 144 promulgated under the Securities Act may indefinitely restrict transfer of the Shares so long as Purchaser 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 2 contracts

Samples: Stock Option Agreement (KCS Energy Inc), Stock Option Agreement (Crimson Exploration Inc.)

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