Two Year Restriction. No Principal Stockholder may voluntarily Transfer any Restricted Security (other than pursuant to a Permitted Transfer) prior to the two-year anniversary of this Agreement, other than the Transfer after the one-year anniversary of this Agreement of a number of shares of CCO Common that, together with all other such Transfers by such Principal Stockholder, does not exceed 50% of the aggregate number of shares of CCO Common issued to such Stockholder on or before the date of such Transfer pursuant to the Stock Purchase Agreement, including without limitation, any shares of CCO Common that are or were Holdback Shares and any shares of CCO Common that constitute a portion of any Earnout Amount payable thereunder.
Appears in 2 contracts
Sources: Stock Transfer Restriction and Registration Rights Agreement (Clear Channel Outdoor Holdings, Inc.), Stock Transfer Restriction and Registration Rights Agreement (Clear Channel Outdoor Holdings, Inc.)