Examples of Management Shareholders Agreement in a sentence
The transferability of Class B Restricted Shares and any Class B Shares that are held by the Employee as a result of vesting of Class B Restricted Shares shall be governed by the Management Shareholders Agreement.
In order to receive any grant hereunder, the Employee must be or become a party to the Management Shareholders Agreement and must execute the proxy attached hereto as Exhibit C of this Agreement.
Any transferee of Class B Restricted Shares or Class B Shares from the Employee (and any subsequent transferee) shall be required to execute the proxy attached hereto as Exhibit C of this Agreement and become a party to the Management Shareholders Agreement.
Notwithstanding anything to the contrary in Section 6 hereof in the event that the Employee has transferred any Class B Share that was held by the Employee as a result of vesting of Class B Restricted Shares to a person or entity other than a Permitted Transferee (as such term is defined in the Management Shareholders Agreement), and such transfer was in accordance with the terms of the Management Shareholders Agreement, the Company shall not have the right to repurchase such transferred Class B Shares.
It is understood and agreed that the Bonus Shares shall not be subject to the provisions of Article 5 of the Management Shareholders Agreement with respect to the repurchase of the Bonus Shares by the Company.