Initial Public Offering. The Optionee hereby agrees that in the event of an initial public offering of stock made by the Company under the Securities Act, the Optionee shall not offer, sell, contract to sell, pledge, hypothecate, grant any option to purchase or make any short sale of, or otherwise dispose of any shares of stock of the Company or any rights to acquire stock of the Company for such period of time as may be established by the underwriter for such initial public offering; provided, however, that such period of time shall not exceed one hundred eighty (180) days from the effective date of the registration statement to be filed in connection with such initial public offering. The foregoing limitation shall not apply to shares registered under the Securities Act.
Appears in 5 contracts
Sources: Nonqualified Stock Option Agreement (Liposcience Inc), Incentive Stock Option Agreement (Liposcience Inc), Incentive Stock Option Agreement (Liposcience Inc)
Initial Public Offering. The Optionee hereby agrees that in the event of an initial public offering Initial Public Offering of stock made by the Company under the Securities Act, the Optionee shall not offer, sell, contract to sell, pledge, hypothecate, grant any option to purchase or make any short sale of, or otherwise dispose of any shares of stock of the Company or any rights to acquire stock of the Company for such period of time as may be established by the underwriter for such initial public offering; provided, however, that such period of time shall not exceed one hundred eighty (180) days from the effective date of the registration statement to be filed in connection with such initial public offering. The foregoing limitation shall not apply to shares registered under the Securities Act.
Appears in 3 contracts
Sources: Nonqualified Stock Option Agreement (Homeowners Choice, Inc.), Nonqualified Stock Option Agreement (Intersearch Group Inc), Incentive Stock Option Agreement (Intersearch Group Inc)
Initial Public Offering. The Optionee hereby agrees that in the event of an ----------------------- initial public offering of stock made by the Company under the Securities Act, the Optionee shall not offer, sell, contract to sell, pledge, hypothecate, grant any option to purchase or make any short sale of, or otherwise dispose of any shares of stock of the Company or any rights to acquire stock of the Company for such period of time as may be established by the underwriter for such initial public offering; provided, however, that such period of time shall not exceed one hundred eighty (180) days from the effective date of the registration statement to be filed in connection with such initial public offering. The foregoing limitation shall not apply to shares registered under the Securities Act.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Liposcience Inc), Incentive Stock Option Agreement (Liposcience Inc)
Initial Public Offering. The Optionee Stockholder hereby agrees that in the event of an initial public offering of stock made by the Company under the Securities Act, the Optionee Stockholder shall not offer, sell, contract to sell, pledge, hypothecate, grant any option to purchase or make any short sale of, or otherwise dispose of any shares of stock of the Company (including the Shares) or any rights to acquire stock of the Company for such period of time as may be established by the underwriter for such initial public offering; provided, however, that such period of time shall not exceed one hundred eighty (180) days from the effective date of the registration statement to be filed in connection with such initial public offering. The foregoing limitation shall not apply to shares registered under the Securities Act.
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