Lock-Up Period Clause Example with 12 Variations from Business Contracts
This page contains Lock-Up Period clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Lock-Up Period. By accepting the Stock Units, you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any shares of Common Stock or other securities of the Company held by you, for a period of one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Securities Act or such longer period a...s the underwriters or the Company request or as necessary to permit compliance with FINRA Rule 2241 and similar or successor regulatory rules and regulations (the "Lock-Up Period"); provided, however, that nothing contained in this section shall prevent the exercise of a repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. The underwriters of the Company's stock are intended third party beneficiaries of this Section and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto.View More
Variations of a "Lock-Up Period" Clause from Business Contracts
Lock-Up Period. By accepting Grantee agrees that following receipt of the Common Stock underlying the Restricted Stock Units, you agree that you Grantee will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to sale, any shares of Common Stock or other securities of the Company held by you, Grantee, for a period of one hundred eighty (180) days following the effective... date of a registration statement of the Company filed under the Securities Act or such longer period as the underwriters or the Company will request or as necessary to permit facilitate compliance with FINRA Rule 2241 2711 or NYSE Member Rule 472 and similar or successor regulatory rules and regulations (the "Lock-Up Period"); provided, however, that nothing contained in this section Section shall prevent the exercise of a repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree Grantee also agrees to execute and deliver such other agreements as may be reasonably requested by the Company or and/or the underwriters underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto. In order to To enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your on Grantee's shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. Lock-Up Period. The underwriters of the Company's stock are intended third party third-party beneficiaries of this Section and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. View More
Lock-Up Period. By accepting the Stock Units, your Award, you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any shares of Common Stock or other securities of the Company held by you, for a period of one hundred eighty (180) 180 days following the effective date of a registration statement of the Company filed under the Securities Act or such... longer period as the underwriters or the Company will request or as necessary to permit facilitate compliance with applicable FINRA Rule 2241 and similar or successor regulatory rules and regulations (the "Lock-Up Period"); 3 provided, however, that nothing contained in this section shall Section will prevent the exercise of a reacquisition or repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consistent with the foregoing or that are necessary to give further effect thereto. In order to the foregoing covenant. You also agree that any transferee of any other shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. To enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. The underwriters of the Company's stock are intended third party beneficiaries of this Section and shall will have the right, power and authority to enforce the provisions hereof of this Section as though they were a party hereto. to this Award Agreement. You further agree that the obligations contained in this Section 8 shall also, if so determined by the Company's Board of Directors, apply in the Company's initial listing of its Common Stock on a national securities exchange by means of a registration statement on Form S-1 under the Securities Act (or any successor registration form under the Securities Act subsequently adopted by the Securities and Exchange Commission) filed by the Company with the Securities and Exchange Commission that registers shares of existing capital stock of the Company for resale (a "Direct Listing") (and, for avoidance of doubt, the Lock-Up Period shall be deemed to include the period following the Direct Listing during which the restrictions under this Section 8 apply) provided that all holders of at least 5% of the Company's outstanding Common Stock (after giving effect to the conversion into Common Stock of any outstanding Preferred Stock of the Company) are subject to substantially similar obligations with respect to such Direct Listing. View More
Lock-Up Period. By accepting the Stock Units, your Award, you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any shares of Common Stock or other securities of the Company held by you, for a period of one hundred eighty (180) 180 days following the effective date of a registration statement of the Company filed under the Securities Act or such... longer period as the underwriters or the Company will request or as necessary to permit facilitate compliance with applicable FINRA Rule 2241 and similar or successor regulatory rules and regulations (the "Lock-Up Period"); provided, however, that nothing contained in this section shall Section will prevent the exercise of a reacquisition or repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consistent with the foregoing or that are necessary to give further effect thereto. In order to the foregoing covenant. You also agree that any transferee of any other shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. To enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. The underwriters of the Company's stock are intended third party beneficiaries of this Section and shall will have the right, power and authority to enforce the provisions hereof of this Section as though they were a party hereto. to this Award Agreement. You further agree that the obligations contained in this Section 8 shall also, if so determined by the Company's Board of Directors, apply in the Company's initial listing of its Common Stock on a national securities exchange by means of a registration statement on Form S-1 under the Securities Act (or any successor registration form under the Securities Act subsequently adopted by the Securities and Exchange Commission) filed by the Company with the Securities and Exchange Commission that registers shares of existing capital stock of the Company for resale (a "Direct Listing") (and, for avoidance of doubt, the Lock-Up Period shall be deemed to include the period following the Direct Listing during which the restrictions under this Section 8 apply) provided that all holders of at least 5% of the Company's outstanding Common Stock (after giving effect to the conversion into Common Stock of any outstanding Preferred Stock of the Company) are subject to substantially similar obligations with respect to such Direct Listing. View More
Lock-Up Period. By accepting exercising the Stock Units, you agree that you will Option, Purchaser agrees not to sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to sale, any shares of Common Stock or other securities of the Company held by you, Purchaser, for a period of one hundred eighty (180) days following the effective date of a registration statement of the Compan...y filed under the Securities Act or such longer period as the underwriters or the Company request or as necessary to permit compliance with FINRA Rule 2241 and similar rules or successor regulatory rules and regulations (the "Lock-Up Period"); provided, however, that nothing contained in this section shall prevent the exercise of a repurchase option, if any, in favor of the Company Repurchase Option during the Lock-Up Period. You Purchaser further agree agrees to execute and deliver such other agreements as may be reasonably requested by the Company or and/or the underwriters underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your Purchaser's shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. The underwriters of the Company's stock are intended third party beneficiaries of this Section 12 and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. View More
Lock-Up Period. By accepting You hereby agree that, in the event you are issued Common Stock Units, you agree that pursuant to your Award, you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any shares of Common Stock or other securities of the Company held by you, for a period 7 of one hundred eighty (180) 180 days following the effective date of a registra...tion statement of the Company filed under the Securities Act or such longer period as the underwriters or the Company will request or as necessary to permit facilitate compliance with FINRA Rule 2241 and or any successor or similar rules or successor regulatory rules and regulations regulation (the "Lock-Up Period"); provided, however, that nothing contained in this section shall will prevent the exercise of a repurchase option, if any, in favor of the Company Company, or the forfeiture of any portion of the RSUs or shares of Common Stock issued thereunder to the Company, during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. Section 7. The underwriters of the Company's stock are intended third party beneficiaries of this Section 7 and shall will have the right, power and authority to enforce the provisions hereof as though they were a party hereto. This Section 7 shall not apply to any shares of Common Stock registered in a public offering under the Securities Act, subject to a then-existing 10b5-1 Arrangement or disposed of in order to satisfy any Tax-Related Items. In addition, this Section 7 shall terminate on the second anniversary of the Company's initial public offering, direct listing or de-SPAC-ing transaction. View More
Lock-Up Period. By accepting the Stock Units, your Award, you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any shares of Common Stock Shares or other securities of the Company held by you, for a period of one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Securities Act or s...uch longer period as the underwriters or the Company will request or as necessary to permit facilitate compliance with FINRA Rule 2241 and or any successor or similar rules or successor regulatory rules and regulations regulation (the "Lock-Up Period"); provided, however, that nothing contained in this section shall will prevent the exercise of a repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock Shares until the end of such period. You also agree that any transferee of any shares of Common Stock Shares (or other securities) of the Company held by you will be bound by this Section. Section 13. The underwriters of the Company's stock shares are intended third party beneficiaries of this Section 13 and shall will have the right, power and authority to enforce the provisions hereof as though they were a party hereto. View More
Lock-Up Period. By accepting the acquiring shares of Common Stock Units, under your Award, you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to to, any shares of Common Stock or other securities of the Company held by you, for a period of one hundred eighty (180) days following the effective date of a registration statement of the Company filed... under the Securities Act or such longer period as the underwriters or the Company will request or as necessary to permit facilitate compliance with FINRA Rule 2241 and or any successor or similar rule or successor regulatory rules and regulations regulation (the "Lock-Up Period"); provided, 2 however, that nothing contained in this section shall Section 7 will prevent the exercise of a repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or or other securities) securities of the Company held by you will be bound by this Section. Section 7. The underwriters of the Company's stock are intended third party beneficiaries of this Section 7 and shall will have the right, power and authority to enforce the provisions hereof of this Section 7 as though they were a party hereto. to this Agreement. View More
Lock-Up Period. By accepting the Stock Units, your RSU Award, you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any shares of Common Stock or other securities of the Company held by you, for a period of one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Securities Act or such... longer period as the underwriters or the Company will request or as necessary to permit facilitate compliance with FINRA Rule 2241 and or any successor or similar rules or successor regulatory rules and regulations regulation (the "Lock-Up Period"); provided, however, that nothing contained in this section shall Section 7 will prevent the exercise of a repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the 4. Company or the underwriters that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. Section 7. The underwriters of the Company's stock are intended third party beneficiaries of this Section 7 and shall will have the right, power and authority to enforce the provisions hereof as though they were a party hereto. View More
Lock-Up Period. By accepting the Stock Units, your Award, you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any shares of Common Stock or other securities of the Company held by you, for a period of one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Securities Act or such lon...ger period as the underwriters or the Company will request or as necessary to permit facilitate compliance with FINRA Rule 2241 and or any successor or similar rules or successor regulatory rules and regulations regulation (the "Lock-Up Period"); provided, however, that nothing contained in this section shall will prevent the exercise of a repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. Section 12. The underwriters of the Company's stock are intended third party beneficiaries of this Section 12 and shall will have the right, power and authority to enforce the provisions hereof as though they were a party hereto. View More
Lock-Up Period. By accepting the Stock Units, your Award, you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any shares of Common Stock or other securities of the Company held by you, for a period of one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Securities Act or such lon...ger period as the underwriters or the Company will request or as necessary to permit facilitate compliance with FINRA Rule 2241 and or any successor or similar rules or successor regulatory rules and regulations regulation (the "Lock-Up Period"); provided, however, that nothing contained in this section shall will prevent the exercise of a repurchase option, if any, in favor of the Company during the Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to your shares of Common Stock until the end of such period. You also agree that any transferee of any shares of Common Stock (or other securities) of the Company held by you will be bound by this Section. Section 13. The underwriters of the Company's stock are intended third party beneficiaries of this Section 13 and shall will have the right, power and authority to enforce the provisions hereof as though they were a party hereto. View More
