Examples of Restriction Expiration Date in a sentence
Certificates evidencing the Restricted Shares shall be issued by the Company and shall be registered in the Grantee’s name on the stock transfer books of the Company promptly after the date hereof, but shall remain in the physical custody of the Company or its designee at all times prior to, in the case of any particular Restricted Shares, the date that is three (3) months after the date on which the Grantee’s cessation of Board membership occurs, for any reason (the "Restriction Expiration Date").
Each Adult Beneficiary agrees that at such time as any child of such Adult Beneficiary turns 18 years old (a “New AB”) prior to the Restriction Expiration Date, such Adult Beneficiary shall use reasonable best efforts to secure the joinder of such New AB to this Agreement.
This Agreement shall terminate and be of no further force and effect on the first to occur of (a) with respect to any Stockholder, on the first date when such Stockholder no longer holds any shares of Restricted Stock, (b) upon the agreement in writing of each of the Stockholders party hereto or (c) on the Restriction Expiration Date; provided, that Sections 4 through 19 shall survive any termination or expiration of this Agreement.
The Piggyback Registration rights granted pursuant to this Section 2.02 shall terminate two years following the Restriction Expiration Date.
For the avoidance of doubt, subject to Section 8.7, following the Transfer Restriction Expiration Date, the Purchaser shall have the right hereunder to sell all or any portion of the Shares.
Effective January 1, 2021, if an employee needs to take of time away from work due to a medical condition, the first 10 business days of an extended absence will be charged to the employee’s sick leave bank.
The rights described in this Section 3(d) shall expire on the Restriction Expiration Date.
Prior to the Transfer Restriction Expiration Date, no Stockholder may sell or otherwise transfer shares of common stock of the corporation, if after giving effect to such sale or other transfer, any class of Equity Securities of the Corporation which is subject to Section 12(g) or Section 15(d) of the Act is held of record by 300 or more Persons.
Notwithstanding anything herein, Echelon --------------------- shall not be obligated to register or take any action to cause or to facilitate the registration of any of the Registrable Securities prior to the Transfer Restriction Expiration Date (as defined in the Purchase Agreement), except in respect of a request made by any Holder within ninety (90) days of the third anniversary of the Closing Date (as defined in the Purchase Agreement).
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