Restriction Expiration Date definition
Examples of Restriction Expiration Date in a sentence
The Piggyback Registration rights granted pursuant to this Section 2.02 shall terminate two years following the Restriction Expiration Date.
Certificates evidencing the Restricted Shares shall be issued by the Company and shall be registered in the Grantee’s name on the stock transfer books of the Company promptly after the date hereof, but shall remain in the physical custody of the Company or its designee at all times prior to, in the case of any particular Restricted Shares, the date that is three (3) months after the date on which the Grantee’s cessation of Board membership occurs, for any reason (the "Restriction Expiration Date").
This Agreement shall terminate and be of no further force and effect on the first to occur of (a) with respect to any Stockholder, on the first date when such Stockholder no longer holds any shares of Restricted Stock, (b) upon the agreement in writing of each of the Stockholders party hereto or (c) on the Restriction Expiration Date; provided, that Sections 4 through 19 shall survive any termination or expiration of this Agreement.
As soon as practicable following the Restriction Expiration Date of any Restricted Shares, certificates for such vested Restricted Shares shall be delivered to the Grantee or the Grantee’s beneficiary along with the stock power relating thereto.
The Parties shall make commercially reasonable efforts to negotiate and reach an agreement about the pricing in such RFQ by the end of that month.
Notwithstanding anything herein, Echelon --------------------- shall not be obligated to register or take any action to cause or to facilitate the registration of any of the Registrable Securities prior to the Transfer Restriction Expiration Date (as defined in the Purchase Agreement), except in respect of a request made by any Holder within ninety (90) days of the third anniversary of the Closing Date (as defined in the Purchase Agreement).
For the avoidance of doubt, subject to Section 8.7, following the Transfer Restriction Expiration Date, the Purchaser shall have the right hereunder to sell all or any portion of the Shares.
The rights described in this Section 3(d) shall expire on the Restriction Expiration Date.
The CC Option shall be exercised by delivery of written notice to TLD of exercise (an "Option Notice") prior to the Restriction Expiration Date.