Common use of TERMINATION OF RESTRICTIONS AND RIGHTS Clause in Contracts

TERMINATION OF RESTRICTIONS AND RIGHTS. Notwithstanding any other provision of this Agreement to the contrary, but subject to the restrictions of all applicable federal and state securities laws, including the restrictions in this Agreement relating thereto, from and after the Release Date any and all shares of Class B Common Stock owned by the Employee (a) may be sold, transferred, assigned, exchanged, pledged, encumbered or otherwise disposed of (and the Employee may grant any option or right to purchase such shares or any legal or beneficial interest therein, or may continue to hold such shares), free of the restrictions contained in this Agreement and (b) shall no longer be entitled to any of the rights contained in this Agreement. Without limiting the generality of the foregoing, from and after the Release Date, the provisions of Articles 3 and 4 hereof (other than this Section 3.6 and Sections 4.1(a), 4.1(b) and 4.1(c) hereof) shall terminate and have no further force or effect.

Appears in 4 contracts

Samples: S Agreement (Citadel Broadcasting Corp), Stockholder's Agreement (Citadel Broadcasting Corp), Stockholder's Agreement (Citadel Broadcasting Corp)

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TERMINATION OF RESTRICTIONS AND RIGHTS. Notwithstanding any other provision of this Agreement to the contrary, but subject to the restrictions of all applicable federal and state securities laws, including the restrictions in this Agreement relating thereto, from and after the Release Date any and all shares of Class B Common Stock owned by the Employee (a) may be sold, transferred, assigned, exchanged, pledged, encumbered or otherwise disposed of (and the Employee may grant any option or right to purchase such shares or any legal or beneficial interest therein, or may continue to hold such shares), free of the restrictions contained in this Agreement and (b) shall no longer be entitled to any of the rights contained in this Agreement. Without limiting the generality of the foregoing, from and after the Release Date, the provisions of Articles 2 and 3 and 4 hereof (other than this Section 3.6 2.6 and Sections 4.1(a3.1(a), 4.1(b3.1(b) and 4.1(c3.1(c) hereof) shall terminate and have no further force or effect.

Appears in 2 contracts

Samples: Stockholder's Agreement (Yankee Candle Co Inc), Stockholder's Agreement (Forstmann Little & Co Sub Debt & Equ MGMT Buyout Part Vi Lp)

TERMINATION OF RESTRICTIONS AND RIGHTS. Notwithstanding any other provision of this Agreement to the contrary, but subject to the restrictions of all applicable federal and state securities laws, including the restrictions in this Agreement relating thereto, from and after the Release Date any and all shares of Class B Common Stock owned by the Employee (a) may be sold, transferred, assigned, exchanged, pledged, encumbered or otherwise disposed of (and the Employee may grant any option or right to purchase such shares or any legal or beneficial interest therein, or may continue to hold such shares), free of the restrictions contained in this Agreement and (b) shall no longer be entitled to any of the rights contained in this Agreement. Without limiting the generality of the foregoing, from and after the Release Date, the provisions of Articles 3 and 4 hereof (other than this Section 3.6 3.5 and Sections 4.1(a), 4.1(b) and 4.1(c) hereof) shall terminate and have no further force or effect.

Appears in 1 contract

Samples: Stockholder's Agreement (Yankee Candle Co Inc)

TERMINATION OF RESTRICTIONS AND RIGHTS. Notwithstanding any other provision of this Agreement to the contrary, but subject to the restrictions of all applicable federal and state securities laws, including the restrictions in this Agreement relating thereto, from and after the Release Date any and all shares of Class B A Common Stock owned by the Employee Director (a) may be sold, transferred, assigned, exchanged, pledged, encumbered or otherwise disposed of (and the Employee Director may grant any option or right to purchase such shares or any legal or beneficial interest therein, or may continue to hold such shares), free of the restrictions contained in this Agreement and (b) shall no longer be entitled to any of the rights contained in this Agreement. Without limiting the generality of the foregoing, from and after the Release Date, the provisions of this Articles 3 and 4 hereof 2 (other than this Section 3.6 and Sections 4.1(a), 4.1(b) and 4.1(c) hereof2.5) shall terminate and have no further force or effect.

Appears in 1 contract

Samples: To Stock Option Agreement (Community Health Systems Inc/)

TERMINATION OF RESTRICTIONS AND RIGHTS. Notwithstanding any other provision of this Agreement to the contrary, but subject to the restrictions of all applicable federal and state securities laws, including the restrictions in this Agreement relating thereto, from and after the Release Date any and all shares of Class B Common Stock owned by the Employee Stockholder (a) may be sold, transferred, assigned, exchanged, pledged, encumbered or otherwise disposed of (and the Employee Stockholder may grant any option or right to purchase such shares or any legal or beneficial interest therein, or may continue to hold such shares), free of the restrictions contained in this Agreement and (b) shall no longer be entitled to any of the rights contained in this Agreement. Without limiting the generality of the foregoing, from and after the Release Date, the provisions of Articles Sections 3 and 4 hereof (other than this Section 3.6 3.8 and Sections 4.1(a), 4.1(b) and 4.1(c) hereof) shall terminate and have no further force or effect.

Appears in 1 contract

Samples: Stockholder's Agreement (Yankee Candle Co Inc)

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TERMINATION OF RESTRICTIONS AND RIGHTS. Notwithstanding any other provision of this Agreement to the contrary, but subject to the restrictions of all applicable federal and state securities laws, including the restrictions in this Agreement relating thereto, from and after the Release Date any and all shares of Class B Common Stock owned by the Employee Director (a) may be sold, transferred, assigned, exchanged, pledged, encumbered or otherwise disposed of (and the Employee Director may grant any option or right to purchase such shares or any legal or beneficial interest therein, or may continue to hold such shares), free of the restrictions contained in this Agreement and (b) shall no longer be entitled to any of the rights contained in this Agreement. Without limiting the generality of the foregoing, from and after the Release Date, the provisions of Articles 3 2 and 4 hereof (other than this Section 3.6 2.5 and Sections 4.1(a), 4.1(b) and 4.1(c) hereof) shall terminate and have no further force or effect.

Appears in 1 contract

Samples: Director Stock Option Agreement (Yankee Candle Co Inc)

TERMINATION OF RESTRICTIONS AND RIGHTS. Notwithstanding any other provision of this Agreement to the contrary, but subject to the restrictions of all applicable federal and state securities laws, including the restrictions in this Agreement relating thereto, from and after the Release Date any and all shares of Class B Common Stock owned by the Employee (a) may be sold, transferred, assigned, exchanged, pledged, encumbered or otherwise disposed of (and the Employee may grant any option or right to purchase such shares or any legal or beneficial interest therein, or may continue to hold such shares), free of the restrictions contained in this Agreement and (b) shall no longer be entitled to any of the rights contained in this Agreement. Without limiting the generality of the foregoing, from and after the Release Date, the provisions of Articles 3 and 4 hereof (other than this Section 3.6 and Sections 4.1(a), 4.1(b) and 4.1(c) Section 4.1 hereof) shall terminate and have no further force or effect.

Appears in 1 contract

Samples: Stockholder's Agreement (Community Health Systems Inc/)

TERMINATION OF RESTRICTIONS AND RIGHTS. Notwithstanding any other provision of this Agreement to the contrary, but subject to the restrictions of all applicable federal and state securities laws, including the restrictions in this Agreement relating thereto, from and after the Release Date any and all shares of Class B C Common Stock owned by the Employee (a) may be sold, transferred, assigned, exchanged, pledged, encumbered or otherwise disposed of (and the Employee may grant any option or right to purchase such shares or any legal or beneficial interest therein, or may continue to hold such shares), free of the restrictions contained in this Agreement and (b) shall no longer be entitled to any of the rights contained in this Agreement. Without limiting the generality of the foregoing, from and after the Release Date, the provisions of Articles 3 and 4 hereof (other than this Section 3.6 3.5 and Sections 4.1(a), 4.1(b) and 4.1(c) Section 4.1 hereof) shall terminate and have no further force or effect.

Appears in 1 contract

Samples: Stockholder's Agreement (Community Health Systems Inc/)

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