Examples of Existing Plan in a sentence
At the time of Seller’s execution of this Sales Plan, Seller has not (a) entered into or altered a corresponding or hedging transaction with respect to the Total Plan Shares, or (b) except for the Existing Plan, entered into or given any additional contract, instruction, or plan that would qualify for the affirmative defense under Rule 10b5-1(c)(1) under the Exchange Act.
Seller further understands that JPMS has no duty to determine whether the Existing Plan complies with any applicable laws or regulations.
While this Sales Plan is in effect, Xxxxxx agrees that it will not: (a) trade in the Stock outside of this Sales Plan, except as expressly permitted under the Issuer’s securities trading policy then in effect; or (b) directly or indirectly take any action regarding the Existing Plan for the purpose of affecting the operation of this Sales Plan.