Blockout Period definition
Examples of Blockout Period in a sentence
Each of the Equityholders agrees and acknowledges that it will not, directly or indirectly, during a period equal to the lesser of (a) four years from the date hereof and (b) the period from date hereof until the IPO Date (such period, the "BLOCKOUT PERIOD"), Transfer any Interests, unless such Transfer complies with this Agreement.
Each of the Investors agrees and acknowledges that it will not, directly or indirectly (through one or more of its Affiliates or otherwise), from the date hereof until the earlier to occur of (a) five years from the Effective Time and (b) the IPO Date (such period, the "BLOCKOUT PERIOD"), Transfer any economic or voting interest in any Shares, unless such Transfer is a Permitted Transfer.