Common use of Additional Covenants of Executive Clause in Contracts

Additional Covenants of Executive. Executive hereby covenants and agrees that upon execution of the Merger Agreement: (a) Executive will not enter into any transaction, take any action, or by inaction permit any event to occur that would result in any of the representations or warranties of such Executive herein contained not being true and correct; (b) Until the termination of this Agreement, Executive shall not transfer, pledge, hypothecate, transfer by gift, or otherwise dispose of the Restricted Shares, the Options or the Acquired FFMC Shares in any manner whatsoever or agree to do any of the foregoing, except as permitted by this Agreement; and (c) Executive shall execute and deliver any additional documents reasonably necessary or desirable, in the opinion of FFMC's counsel, to implement and effect the provisions of this Agreement.

Appears in 2 contracts

Sources: Option and Stock Agreement (First Financial Management Corp), Option and Stock Agreement (First Financial Management Corp)