Transfer of Executive Stock. Prior to the earlier to occur of (i) a Liquidity Event and (ii) a Public Offering, the Executive shall not Transfer any interest in any shares of Reserved Stock, except pursuant to (i) the provisions of SECTION 2 hereof and (iii) an Approved Sale (as defined in Section 6 of the Stockholders Agreement). The holders of Carried Stock and, after the earlier to occur of (i) a Liquidity Event and (ii) a Public Offering, the Reserved Stock shall not Transfer any interest in any shares of such Executive Stock, except pursuant to (i) the provisions of SECTION 4 hereof, (ii) the provisions of Section 4 of the Stockholders Agreement (a "PARTICIPATING SALE"), (iii) an Approved Sale (as defined in Section 6 of the Stockholders Agreement) or (iv) the provisions of SECTION 5(b) below.
Appears in 4 contracts
Samples: Senior Management Agreement (Digitalnet Holdings Inc), Senior Management Agreement (Digitalnet Holdings Inc), Senior Management Agreement (Digitalnet Holdings Inc)
