Common use of AGREEMENT TO LOCK-UP IN THE EVENT OF PUBLIC OFFERING Clause in Contracts

AGREEMENT TO LOCK-UP IN THE EVENT OF PUBLIC OFFERING. In the event of a public offering of the Company's Common Stock pursuant to a registration statement declared effective with the SEC, if requested by the Company or by its underwriters, the Employee agrees not to sell, sell short, grant any option to buy or otherwise dispose of the shares of Common Stock purchased pursuant to this Agreement (except for any such shares which may be included in the registration) for a period of up to one hundred eighty (180) days following the consummation of such offering. The Company may impose stop-transfer instructions with respect to the shares of the Common Stock subject to the foregoing restriction until the end of said period. The Employee shall be subject to this Section 5 provided and only if the executive officers and directors of the Company are also subject to similar arrangements.

Appears in 3 contracts

Samples: Employment Agreement (Smartdisk Corp), Employment Agreement (Smartdisk Corp), Employment Agreement (Smartdisk Corp)

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AGREEMENT TO LOCK-UP IN THE EVENT OF PUBLIC OFFERING. In the event of ---------------------------------------------------- a public offering of the Company's Common Stock pursuant to a registration statement declared effective with the SEC, if requested by the Company or by its underwriters, the Employee Consultant agrees not to sell, sell short, grant any option to buy or otherwise dispose of the shares of Common Stock purchased pursuant to this Agreement (except for any such shares which may be included in the registration) for a period of up to one hundred eighty (180) days following the consummation effective date of such offeringregistration statement. The Company may impose stop-stop- transfer instructions with respect to the shares of the Common Stock subject to the foregoing restriction until the end of said period. The Employee Consultant shall be subject to this Section 5 6 provided and only if the executive officers and directors of the Company are also subject to similar arrangements.

Appears in 1 contract

Samples: Consultant and Independent Contractor Non Qualified Stock Option Agreement (International Network Services)

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AGREEMENT TO LOCK-UP IN THE EVENT OF PUBLIC OFFERING. In the event of a public offering of the Company's Common Stock pursuant to a registration statement declared effective with the SEC, if requested by the Company or by its underwriters, the Employee Optionee agrees not to sell, sell short, grant any option to buy or otherwise dispose of the shares of Common Stock purchased pursuant to this Agreement (except for any such shares which may be included in the registration) for a period of up to one hundred eighty (180) days following the consummation effective date of such offeringregistration statement. The Company may impose stop-transfer instructions with respect to the shares of the Common Stock subject to the foregoing restriction until the end of said period. The Employee Optionee shall be subject to this Section 5 provided and only if the executive officers and directors of the Company are also subject to similar arrangements.

Appears in 1 contract

Samples: Employee Incentive Stock Option Agreement (Portola Packaging Inc)

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