Common use of Transfer by Employee Clause in Contracts

Transfer by Employee. Employee will not sell, assign, transfer or otherwise dispose of, directly or indirectly, nor grant any option with respect to, or pledge or grant any security interest in or otherwise encumber any of the Collateral Stock or any interest therein, except for the security interest provided for in this Note.

Transfer by Employee. Employee will not sell, assign, transfer or otherwise dispose of, directly or indirectly, nor grant any option with respect to, or pledge or grant any security interest in or otherwise encumber any of the Collateral Stock Shares or any interest therein, except for the security interest provided for in this Note.