Examples of Locked Shares in a sentence
Genetrix agrees and undertakes that its Locked Shares shall remain in registered form during the Restricted Period.
Shares of MarketWatch Common Stock received in the Merger that are locked pursuant to the schedule set forth herein are "LOCKED SHARES." Shares of MarketWatch Common Stock received in the Merger that are unlocked pursuant to the schedule set forth herein are "UNLOCKED SHARES." At the Effective Time, all shares of MarketWatch Common Stock received by a Charts Shareholder will be Locked Shares.
In the event of a termination of this Agreement by the Company for cause, or a termination of this Agreement by the Employee, any existing lock-up restrictions still applicable on the date of termination to the Locked Shares shall be extended for a period of five years from the date such lock-up restriction is initially scheduled to terminate.
No Holder shall Transfer any Locked Shares until the date that is one year from the Closing Date.
With respect to any shares of capital stock of the Company, securities convertible into capital stock of the Company and the shares of capital stock of the Company underlying such convertible securities other than the Locked Shares owned by the Employee, some of which are set forth on Schedule B attached hereto, the Employee shall give the Company's Chairman of the Board five business days advance written notice of any intent to sell such Common Stock.
Subject to the limitations on liability and all other terms and conditions set forth in the Merger Agreement, the Locked Shares shall be, for the time they remain subject to the lockup provisions described in this Article V, available for settlement of any obligations of the Holders under the Merger Agreement, and each Holder hereby agrees to promptly transfer to the Company the amount of outstanding Locked Shares for which such Holder becomes liable pursuant to the Merger Agreement.
Schedule B attached hereto sets forth a list of certain capital stock of the Company, securities convertible into capital stock of the Company and the shares of capital stock of the Company underlying such convertible securities other than the Locked Shares owned by the Employee.
Any attempt to Transfer any Locked Shares that is not in compliance with this Agreement shall be null and void; the Company shall not, and shall cause any transfer agent not to, give any effect in the Company’s stock records to any such attempted Transfer; and the purported transferee in any such attempted Transfer shall not be treated as the owner of such Shares for any purposes.
In addition to restrictive legends or book-entry notations related to the Securities Act, the Locked Shares will bear restrictive legends or book-entry notations reflecting the terms of this Agreement.