Common use of Stock Transfer Restrictions Clause in Contracts

Stock Transfer Restrictions. Reference is hereby made to the transfer restrictions imposed on Employee by Section 9 of the Stockholders' Agreement, dated the date hereof, among the Company, Employee and the other stockholders named therein (the "Stockholders' Agreement"), which transfer restrictions are incorporated by reference herein. If during the Employment Period and prior to the date that is two and one half (2 1/2) years from the closing of the Mergers, Employee voluntarily terminates his employment with the Company other than (i) for "Good Reason" as defined in Section 2.4(c) or (ii) under circumstances approved by the Board, the Restricted Shares held by Employee at the date of termination shall remain subject to the transfer restrictions until the fifth anniversary of the Closing of the Mergers. "Restricted Shares" has the meaning given such term in the Stockholders' Agreement.

Stock Transfer Restrictions. Reference is hereby made to the transfer restrictions imposed on Employee by Section 9 of the Stockholders' Agreement, dated the date hereof, among the Company, Employee and the other stockholders named therein (the "Stockholders' Agreement"), which transfer restrictions are incorporated by reference herein. If during the Employment Period and prior to the date that is two and one half (2 1/2) years from the closing of the Mergers, Employee voluntarily terminates his her employment with the Company other than (i) for "Good Reason" as defined in Section 2.4(c) or (ii) under circumstances approved by the Board, the Restricted Shares held by Employee at the date of termination shall remain subject to the transfer restrictions until the fifth anniversary of the Closing of the Mergers. "Restricted Shares" has the meaning given such term in the Stockholders' Agreement.