Public Company. If shares of Common Stock of the Company are sold to the public pursuant to a registration statement filed under the Securities Act of 1933, as amended, or if shares of Common Stock of the Company are registered pursuant to Section 12 or Section 15 of the Securities Exchange Act of 1934, as amended, the Company shall be deemed a "Public Company". If the Company becomes a Public Company at any time hereafter, unless an event which gives rise to a purchase option or obligation in favor of the Company has already occurred, the Shares held by the Stockholder at the time the Company becomes a Public Company shall thereafter be free of the terms of this Agreement and the rights, options or obligations under Sections 1, 2, 3, and 10 hereof shall terminate.
Appears in 4 contracts
Samples: Stock Transfer Agreement (Taylor Capital Group Inc), Stock Transfer Agreement (Taylor Capital Group Inc), Stock Transfer Restriction Agreement (Taylor Capital Group Inc)
