Common use of Lock-Up Agreement Clause in Contracts

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the managing or lead underwriter for such public offering, this option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 shall have perpetual duration.

Appears in 7 contracts

Samples: Incentive Stock Option Agreement (Breakaway Solutions Inc), Incentive Stock Option Agreement (Breakaway Solutions Inc), Incentive Stock Option Agreement (Breakaway Solutions Inc)

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Lock-Up Agreement. The Employee agrees that in connection with an the Company's first underwritten public offering of Common Stock, upon the request of the Company or the managing or lead underwriter for such public offering, this option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly boundbound (but in no event, longer than 270 days). The lock-up agreement established pursuant to this Section 18 shall have perpetual duration.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement (Breakaway Solutions Inc), Incentive Stock Option Agreement (Breakaway Solutions Inc), Non Qualified Stock Option Agreement (Breakaway Solutions Inc)

Lock-Up Agreement. The Employee Optionee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the principal underwriter managing or lead underwriter for such public offering, this option Option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement Registration Statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 paragraph 17 shall have perpetual duration, except with respect to those Options or Option Shares which are sold pursuant to Rule 701, Rule 144 or similar exemption.

Appears in 5 contracts

Samples: And Stock Repurchase Agreement (Eroom Technology Inc), Non Qualified Stock Option and Stock Repurchase Agreement (Eroom Technology Inc), Qualified Stock Option Agreement (Eroom Technology Inc)

Lock-Up Agreement. The Employee Optionee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the managing or lead underwriter for such public offering, this option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 shall have perpetual duration.

Appears in 5 contracts

Samples: Non Qualified (Breakaway Solutions Inc), Non Qualified Stock Option Agreement (Breakaway Solutions Inc), Non Qualified (Breakaway Solutions Inc)

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, or in the event of a Change in Control as provided in Section 3 and Section 17(e), upon the request of the Company or the principal underwriter managing or lead underwriter for such public offering, this option Option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's ’s directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 paragraph 19 shall have perpetual duration.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Applied Optoelectronics, Inc.), Incentive Stock Option Agreement (Applied Optoelectronics, Inc.), Incentive Stock Option Agreement (Applied Optoelectronics, Inc.)

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the principal underwriter managing or lead underwriter for such public offering, this option Option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 270 days after the effectiveness of the registration statement Registration Statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's ’s directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 paragraph 16 shall have perpetual duration.

Appears in 2 contracts

Samples: Severance Agreement (Meta Group Inc), Incentive Stock Option Agreement (Meta Group Inc)

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the managing or lead underwriter for such public offering, this option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly boundbound (but in no event, longer than 270 days). The lock-up agreement established pursuant to this Section 18 shall have perpetual duration.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Breakaway Solutions Inc), Incentive Stock Option Agreement (Breakaway Solutions Inc)

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the managing or lead underwriter underwritten for such public offering, this option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly boundbound (but in no event, longer than 270 days). The lock-up agreement established pursuant to this Section 18 shall have perpetual duration.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Breakaway Solutions Inc), Non Qualified Stock Option Agreement (Breakaway Solutions Inc)

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the principal underwriter managing or lead underwriter for such public offering, this option Option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement Registration Statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 paragraph 19 shall have perpetual duration.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Metabolix, Inc.), Incentive Stock Option Agreement (Metabolix, Inc.)

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the principal underwriter managing or lead underwriter for such public offering, this option such Option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement Registration Statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's ’s directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 paragraph 15 shall have perpetual duration.

Appears in 1 contract

Samples: Incentive Stock Option Master Agreement (Citrix Systems Inc)

Lock-Up Agreement. The Employee Optionee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the principal underwriter managing or lead underwriter for such public offering, this option Option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 270 days after the effectiveness of the registration statement Registration Statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section paragraph 18 shall have perpetual duration. [NOTE: SECTION 17 MAY BE OMITTED.]

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Molecular Simulations Inc)

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Lock-Up Agreement. The Employee Optionee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the managing or lead underwriter for such public offering, this option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 16 shall have perpetual duration.

Appears in 1 contract

Samples: Matrixone Inc

Lock-Up Agreement. The Employee agrees that in connection with an underwritten any public offering of Common Stock, upon the request of the Company or the principal underwriter (if any) managing or lead underwriter for such public offering, this option the Option and the shares of Common Stock underlying the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 one hundred eighty (180) days after the effectiveness of the any such registration statement filed in connection with such offering, or such longer period of time as the Board of Directors Committee may determine if all of the Company's directors and officers of the Company agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 paragraph shall have a perpetual duration.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Gentor Resources, Inc.)

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the managing or lead underwriter for such public offering, this option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 17 shall have perpetual duration.

Appears in 1 contract

Samples: Matrixone Inc

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the principal underwriter managing or lead underwriter for such public offering, this option Option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 270 days after the effectiveness of the registration statement Registration Statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 paragraph 19 shall have perpetual duration. [NOTE: SECTION 18 MAY BE OMITTED.]

Appears in 1 contract

Samples: Molecular Simulations Incorporated (Molecular Simulations Inc)

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the principal underwriter managing or lead underwriter for such public offering, this option Option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 270 days after the effectiveness of the registration statement Registration Statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 shall have perpetual duration.

Appears in 1 contract

Samples: Avici Systems Inc

Lock-Up Agreement. The Employee TheConsultant agrees that in connection with an underwritten any public offering of Common Stock, upon the request of the Company or the principal underwriter (if any) managing or lead underwriter for such public offering, this option the Option and the shares of Common Stock underlying the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 one hundred eighty (180) days after the effectiveness of the any such registration statement filed in connection with such offering, or such longer period of time as the Board of Directors Committee may determine if all of the Company's directors and officers of the Company agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 paragraph shall have a perpetual duration.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Gentor Resources, Inc.)

Lock-Up Agreement. The Employee agrees that in connection with an underwritten public offering of Common Stock, upon the request of the Company or the principal underwriter managing or lead underwriter for such public offering, this option Option and the Option Shares may not be sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 180 days after the effectiveness of the registration statement Registration Statement filed in connection with such offering, or such longer period of time as the Board of Directors may determine if all of the Company's ’s directors and officers agree to be similarly bound. The lock-up agreement established pursuant to this Section 18 shall have perpetual duration.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Avici Systems Inc)

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