Common use of Limitation on Disposition and Other Restrictions Clause in Contracts

Limitation on Disposition and Other Restrictions. The Shares are subject to and the Purchaser hereby agrees to the following terms and conditions of the sale of the Shares to the Purchaser: · any transfer of the Shares must comply with all applicable laws as set forth in Section 6 of the Terms; · the Shares are subject to restrictions on transfer under Section 5.6 of the Plan, under Section 5 of the Terms, and under the Corporation’s Charter and Bylaws; · the Shares are subject to, and following any otherwise permitted transfer of the Shares, the Shares shall remain subject to and the transferee shall be bound by, the lock-up provisions set forth in Section 7 of the Terms, the Corporation’s right of first refusal set forth in Section 8 of the Terms, the share legend requirements of Section 6(c) of the Terms, and the foregoing provisions of this Section 3; and · as a condition to any otherwise permitted transfer of the Shares, the Corporation may require the transferee to execute a written agreement, in a form acceptable to the Committee, that the transferee acknowledges and agrees to the foregoing terms and restrictions imposed on the Shares.

Appears in 1 contract

Sources: Employment Agreement (Luminent Mortgage Capital Inc)

Limitation on Disposition and Other Restrictions. The Shares are subject to and the Purchaser hereby agrees to the following terms and conditions of the sale of the Shares to the Purchaser: · . any transfer of the Shares must comply with all applicable laws as set forth in Section 6 of the Terms; · . the Shares are subject to restrictions on transfer under Section 5.6 of the Plan, under Section 5 of the Terms, and under the Corporation’s Charter 's Articles of Incorporation and Bylaws; · . the Shares are subject to, and following any otherwise permitted transfer of the Shares, the Shares shall remain subject to and the transferee shall be bound by, the lock-up provisions set forth in Section 7 of the Terms, the Corporation’s 's call right and right of first refusal set forth in Section Sections 8 and 9 of the Terms, the share legend requirements of Section 6(c) 6.3 of the Terms, and the foregoing provisions of this Section 3; and · . as a condition to any otherwise permitted transfer of the Shares, the Corporation may require the transferee to execute a written agreement, in a form acceptable to the Committee, that the transferee acknowledges and agrees to the foregoing terms and restrictions imposed on the Shares.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (Luminent Mortgage Capital Inc)