Common use of Insider Selling Clause in Contracts

Insider Selling. The earliest any "insiders" can start selling their shares shall be one year from closing. Except that any "insider" may dispose of shares provided the stock price at the time of dispositions at least: $3.40 per share for disposition of up to 100,000 shares per "insider" and thereafter said stock price is at least at $4.80 per share for disposition of up to 100,000 shares per "insider". There shall be no further "lock-up" on any insider dispositions if the stock price shall at any time reach $6.00 per share

Insider Selling. The earliest any "“insiders" ” can start selling their shares shall be one year from closing. Except that any "“insider" ” may dispose of shares provided the stock price at the time of dispositions disposition is at least: $3.40 per share for disposition of up to 100,000 shares per "“insider" ” and thereafter said stock price is at least at $4.80 per share for disposition of up to 100,000 shares per "“insider"”. There shall be no further "“lock-up" ” on any insider dispositions disposition if the stock price shall at any time reach $6.00 per share. The Company and investor acknowledge and agree that the Investor is not an “insider” as such term is used herein.

Insider Selling. The earliest any "“insiders" ” can start selling their shares shall be one year from closing. Except that any "“insider" ” may dispose of shares provided the stock price at the time of dispositions at least: $3.40 per share for disposition of up to 100,000 shares per "“insider" ” and thereafter said stock price is at least at $4.80 per share for disposition of up to 100,000 shares per "“insider"”. There shall be no further "“lock-up" ” on any insider dispositions if the stock price shall at any time reach $6.00 per share