Common use of Agreement to Retain Shares Clause in Contracts

Agreement to Retain Shares. Each Seller agrees not to transfer, sell or otherwise dispose of or direct or cause the sale, transfer or other disposition of, or reduce such Seller's risk relative to, any of the Company's Shares (except for the conversion into TSI Stock in the transactions contemplated hereby) or TSI Stock held by such Seller or on such Seller's behalf, whether owned on the date hereof or after acquired, within the thirty (30) days prior to the Closing Date.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Persico Anthony J), Stock Purchase Agreement (Travel Services International Inc), Stock Purchase Agreement (Persico Anthony J)

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Agreement to Retain Shares. Each (a) Seller agrees not to transfer, sell or otherwise dispose of or direct or cause the sale, transfer or other disposition of, or reduce such Seller's risk relative to, any of the Company's Company Shares (except for the conversion into TSI Stock in the transactions contemplated hereby) or TSI Stock held by such Seller or on such Seller's behalf, whether owned on the date hereof or after acquired, within the thirty (30) days prior to the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Travel Services International Inc)

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Agreement to Retain Shares. Each Seller agrees not to transfer, sell or otherwise dispose of or direct or cause the sale, transfer or other disposition of, or reduce such Seller's risk relative to, any of the Company's Shares (except for the conversion into TSI Stock in the transactions contemplated hereby) or TSI Stock held by such Seller or on such Seller's behalf, whether owned on the date hereof or after acquired, within the thirty (30) days prior to the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (Travel Services International Inc)

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