Common use of Stop Transfer Restriction Clause in Contracts

Stop Transfer Restriction. In furtherance of this Agreement, each Stockholder shall and hereby does authorize the Company and Purchaser's counsel to notify the Company's transfer agent that there is a stop transfer restriction with respect to all of his or her Subject Shares (and that this Agreement places limits on the voting and Transfer of his or her Subject Shares); provided, however, that (a) each such notification to the Company's transfer agent in accordance with this Section 5.9 shall provide that the relevant stop transfer restriction shall not limit the exercise by such Stockholder of his or her Company Stock Options and (b) any such stop transfer restriction shall terminate upon the expiration of this Agreement pursuant to Section 1.4 and, upon such event, Purchaser shall notify the Company's transfer agent of such termination.

Stop Transfer Restriction. In furtherance of this Agreement, each Stockholder shall and hereby does authorize the Company and Purchaser's counsel to notify the Company's transfer agent that there is a stop transfer restriction with respect to all of his or her Subject Shares (and that this Agreement places limits on the voting and Transfer transfer of his or her Subject Sharesshares); provided, however, that (a) each such notification to the Company's transfer agent in accordance with this Section 5.9 shall provide that the relevant stop transfer restriction shall not limit the exercise by such that Stockholder of his Options, or her Company Stock Options the transfer of his Subject Shares in compliance with Section 4.1, and (b) any such stop transfer restriction shall restrictions shall, with respect to each Stockholder (except Xxxxx Xxxxxx), terminate upon the expiration and be of this Agreement pursuant to Section 1.4 andno further force or effect on and after May 17, upon such event, Purchaser shall notify the Company's transfer agent of such termination2003.

Stop Transfer Restriction. In furtherance of this Agreement, each Stockholder shall and hereby does authorize the Company and Purchaser's ’s counsel to notify the Company's ’s transfer agent that there is a stop transfer restriction with respect to all of his or her Subject Shares (and that this Agreement places limits on the voting and Transfer of his or her Subject Shares); provided, however, that (a) each such notification to the Company's ’s transfer agent in accordance with this Section 5.9 shall provide that the relevant stop transfer restriction shall not limit the exercise by such Stockholder of his or her Company Stock Options and (b) any such stop transfer restriction shall terminate upon the expiration of this Agreement pursuant to Section 1.4 and, upon such event, Purchaser shall notify the Company's ’s transfer agent of such termination.

Stop Transfer Restriction. In furtherance of this Agreement, each Stockholder shall and hereby does authorize the Company and Purchaser's counsel to notify the Company's transfer agent that there is a stop transfer restriction with respect to all of his or her Subject Shares (and that this Agreement places limits on the voting and Transfer transfer of his or her Subject Sharesshares); provided, however, that (a) each such notification to the Company's transfer agent in accordance with this Section 5.9 shall provide that the relevant stop transfer restriction shall not limit the exercise by such that Stockholder of his Options, or her Company Stock Options the transfer of his Subject Shares in compliance with Section 4.1, and (b) any such stop transfer restriction shall restrictions shall, with respect to each Stockholder (except Isaak Karaev), terminate upon the expiration and be of this Agreement pursuant to Section 1.4 andno further force or effect on and xxxxx Xxx 07, upon such event, Purchaser shall notify the Company's transfer agent of such termination2003.