Underwriter's Lock-up. The Optionee by accepting this Option agrees that whenever the Company undertakes a firm underwritten public offering of its securities and if requested by the managing underwriter in such offering, the Optionee will enter into an agreement not to sell or dispose of any securities of the Company owned or controlled by the Optionee provided that such restriction will not extend beyond twelve (12) months from the effective date of the registration statement filed in connection with such offering.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Premierwest Bancorp), Incentive Stock Option Agreement (Premierwest Bancorp), Incentive Stock Option Agreement (Lithia Motors Inc)
Underwriter's Lock-up. The If the Optionee is then an executive officer of the Company, the Optionee by accepting this Option the Option, agrees that whenever the Company undertakes a firm underwritten public offering of its securities and if requested by the managing underwriter in such offering, the Optionee will enter into an agreement not to sell or dispose of any securities of the Company owned or controlled by the Optionee provided that such restriction will not extend beyond twelve (12) months from the effective date of the registration statement filed in connection with such offering.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Umpqua Holdings Corp)
Underwriter's Lock-up. The Optionee Optionee, by accepting this Option the Option, agrees that whenever the Company undertakes a firm underwritten public offering of its securities and if requested by the managing underwriter in such offering, the Optionee will enter into an agreement not to sell or dispose of any securities of the Company owned or controlled by the Optionee provided that such restriction will not extend beyond twelve (12) months from the effective date of the registration statement filed in connection with such offering.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Umpqua Holdings Corp)