Unilateral Amendment. The Restricted Shareholder expressly consents and agrees with the Company that the Company may effect a unilateral amendment to the vesting schedule set out in Section 2 if required to comply with applicable securities laws or securities exchange requirements, and in order for such amendment to take effect, the Company shall deliver or cause to be delivered to the Restricted Shareholder at its address on record with the Company a notice of amendment setting out the replacement vesting schedule, with no further action necessary or required on the part of the Restricted Shareholder in order for such amendment to take effect as of the date specified by the Company in the notice of amendment.
Appears in 2 contracts
Sources: Share Purchase Agreement, Share Restriction Agreement
Unilateral Amendment. The Restricted Each Shareholder expressly consents and agrees with the Company that the Company may effect a unilateral amendment to the vesting schedule set out in Section 2 if required in the event that the Exchange requires such an amendment in order to comply with applicable securities laws or securities exchange requirements, and in approve the Listing Application. In order for such amendment to take effect, the Company shall deliver or cause to be delivered to the Restricted each Shareholder at its address on record with the books of the Company a notice of amendment setting out the replacement amended vesting schedule, with no further action necessary or required on the part of the Restricted any Shareholder in order for such amendment to take effect as of the date specified by the Company in the notice of amendmentsuch notice.
Appears in 1 contract
Sources: Stock Restriction Agreement