Termination of Restrictions on Transfer. This Agreement, and the obligations of the Stockholder and the Company hereunder, shall terminate upon the earliest to occur of: (i) the effective date of a registration statement under the Act, with respect to the Shares; (ii) the date on which the Shares become freely saleable under Rule 144 of the Act; (iii) the sale of all or substantially all of the shares of capital stock, the assets or business of the Company, by merger, sale of assets or otherwise; or (iv) the expiration of ten (10) years from the date of this Agreement. The sale of the Shares pursuant to any of the transactions described in clauses (i), (ii) and (iii) of the preceding sentence shall not be subject to the provisions of said Section 1(a) and Section 2.
Termination of Restrictions on Transfer. The foregoing restrictions on transfer shall terminate upon the closing of the first public offering of securities of the Company that is effected pursuant to a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act of 1933.
Termination of Restrictions on Transfer. The restrictions on the transfer of Vested Shares contained in Sections 11 through 13 of this Agreement, and the obligations of Employee and the Company set forth therein, except as to Offers accepted and Repurchase Rights exercised by the Company prior to a Change in Control, shall terminate upon a Change in Control, as defined below. The transfer of the Shares pursuant to a Change in Control shall not be subject to the provisions of Sections 9(a) and 10 of this Agreement. For purposes of this Section 14, Change in Control shall mean:
Termination of Restrictions on Transfer. The obligations of the Stockholder and the Company hereunder with respect to Vested Shares, shall terminate upon the earliest to occur of: (i) the closing of the first underwritten public offering by the Company under the Securities Act of 1933 of any of its equity securities for its own account for cash; (ii) the sale of all or substantially all of the shares of capital stock, the assets or business of the Company, by merger, sale of assets or otherwise; or (iii) the expiration of ten (10) years from the date of this Agreement. The sale of the Vested Shares pursuant to any of the transactions described in clauses (i) and (ii) of the preceding sentence shall not be subject to the provisions of Section 5(a) and Section 6.
Termination of Restrictions on Transfer. The restrictions imposed by this Section 2.08 and Section 2.02 upon the transferability of any particular Restricted Security shall cease and terminate when such Restricted Security has been sold pursuant to an effective Registration Statement or transferred in compliance with Rule 144 under the Securities Act (or any successor provision thereto), or is eligible to be transferred pursuant to paragraph (k) of Rule 144, and thereupon the Company shall deliver to the Trustee an Officer’s Certificate to such effect. Any Restricted Security as to which the Company has delivered to the Trustee an Officers’ Certificate that such restrictions on transfer shall have expired in accordance with their terms or shall have terminated may, upon surrender of such Restricted Security for exchange to the Registrar in accordance with the provisions of this Section 2.08, be exchanged for a new Security, of like tenor and aggregate principal amount, which shall not bear the restrictive legends required by Section 2.02. The Company shall inform the Trustee in writing of the effective date of any Registration Statement registering the Securities under the Securities Act. The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the aforementioned Registration Statement. As used in the preceding two paragraphs of this Section 2.08, the term “transfer” encompasses any sale, pledge, transfer or other disposition of any Restricted Security.
Termination of Restrictions on Transfer. After the Transfer Restriction Lapse Date, transfers of the Subject Securities beneficially owned by the Investors or their Permitted Transferees shall be permitted, to the extent not already permitted, subject to compliance with all applicable federal and state securities or "blue sky" laws (or pursuant to exemptions therefrom).
Termination of Restrictions on Transfer. The provisions of this Article 11 restricting a Shareholder's ability to transfer its Shares shall expire and be of no further force and effect upon the consummation of an underwritten initial public offering of the Shares of the 35 39 Company approved by the Company's Board of Directors in which the Company shall receive cash proceeds of not less than $35 Million (net of underwriting discounts and commissions.).
Termination of Restrictions on Transfer. The restrictions of this Section 200 shall terminate upon the expiration or termination of the Operating Period and shall not be construed or understood to terminate or modify any of the provisions of Section 604 hereof with respect to the Project or any restrictions applicable to the Project under any documents recorded against the Site or any portion thereof pursuant hereto. 300. DEVELOPMENT OF THE SITE
Termination of Restrictions on Transfer. The foregoing restrictions on transfer shall terminate upon the closing of the first public offering of securities of the Company that is effected pursuant to a registration statement filed with, and declared effective by, the Securities and Exchange Commission under the Securities Act of 1933. In addition, in the event that the Stockholder has entered into, or subsequently enters into, another agreement with the Company with respect to rights of first refusal or any other rights and/or obligations substantially similar to those set forth in this Section 2, the Stockholder and the Company agree and acknowledge that this Section 2 shall be automatically voided and shall have no further legal binding effect on either the Stockholder or the Company FOR ALL DETAILS, PLEASE REFER TO ESHARES OPTION DOCUMENTATION.
Termination of Restrictions on Transfer. With the exception of the conversion option set forth in Section 11.12 and Section 11.13, the provisions of this Article 11 restricting a Partner’s ability to transfer its Units shall expire and be of no further force and effect upon the consummation of an underwritten initial public offering of the Units of the Company approved by the Company’s Board of Managers or upon a Change of Control.
