Common use of NO DISPOSITION OR ENCUMBRANCE OF SUBJECT SHARES Clause in Contracts

NO DISPOSITION OR ENCUMBRANCE OF SUBJECT SHARES. (a) Shareholder hereby covenants and agrees that prior to the Expiration Date (as defined below), Shareholder will not, directly or indirectly, (i) offer, sell, offer to sell, contract to sell, pledge, grant any option to purchase or otherwise dispose of or transfer (or announce any offer, sale, offer of sale, contract of sale or grant of any option to purchase or other disposition or transfer of) any Subject Shares to any Person, (ii) create or permit to exist any Encumbrance with respect to any of the Subject Shares, (iii) reduce his beneficial ownership of, interest in or risk relating to any of the Subject Shares or (iv) commit or agree to do any of the foregoing.

NO DISPOSITION OR ENCUMBRANCE OF SUBJECT SHARES. (a) Shareholder hereby covenants and agrees that that, prior to the Expiration Date (as defined below), Shareholder will not, directly or indirectly, (i) offer, sell, offer to sell, contract to sell, pledge, grant any option to purchase or otherwise dispose of or transfer (or announce any offer, sale, offer of sale, contract of sale or grant of any option to purchase or other disposition or transfer of) any Subject Shares to any PersonPerson other than Parent or Parent's designee, (ii) create or permit to exist any Encumbrance with respect to any of the Subject Shares, (iii) reduce his beneficial ownership of, interest in or risk relating to any of the Subject Shares or (iv) commit or agree to do any of the foregoing.

NO DISPOSITION OR ENCUMBRANCE OF SUBJECT SHARES. (a) Shareholder Stockholder hereby covenants and agrees that that, prior to the Expiration Date (as defined below)Date, Shareholder Stockholder will not, directly or indirectly, (i) offer, sell, offer to sell, contract to sell, pledge, grant any option to purchase or otherwise dispose of or transfer (or announce any offer, sale, offer of sale, contract of sale or grant of any option to purchase or other disposition or transfer of) any Subject Shares to any PersonPerson other than Parent or Parent's designee, (ii) create or permit to exist any Encumbrance with respect to any of the Subject Shares, (iii) reduce his his, her or its beneficial ownership of, interest in or risk relating to any of the Subject Shares or (iv) commit or agree to do any of the foregoing.

NO DISPOSITION OR ENCUMBRANCE OF SUBJECT SHARES. (a) Shareholder Stockholder hereby covenants and agrees that prior to the Expiration Date (as defined below), Shareholder Stockholder will not, directly or indirectly, (i) offer, sell, offer to sell, contract to sell, pledge, grant any option to purchase or otherwise dispose of or transfer (or announce any offer, sale, offer of sale, contract of sale or grant of any option to purchase or other disposition or transfer of) any Subject Shares to any Person, (ii) create or permit to exist any Encumbrance with respect to any of the Subject Shares, (iii) reduce his beneficial ownership of, interest in or risk relating to any of the Subject Shares or (iv) commit or agree to do any of the foregoing.

NO DISPOSITION OR ENCUMBRANCE OF SUBJECT SHARES. (a) Shareholder Stockholder hereby covenants and agrees that that, prior to the Expiration Date (as defined below), Shareholder Stockholder will not, directly or indirectly, (i) offer, sell, offer to sell, contract to sell, pledge, grant any option to purchase or otherwise dispose of or transfer (or announce any offer, sale, offer of sale, contract of sale or grant of any option to purchase or other disposition or transfer of) any Subject Shares to any PersonPerson other than Company or Company's designee, (ii) create or permit to exist any Encumbrance with respect to any of the Subject Shares, (iii) reduce his beneficial ownership of, interest in or risk relating to any of the Subject Shares or (iv) commit or agree to do any of the foregoing.