No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s stock certificates and executed stock powers is solely to facilitate the provisions set forth in Section 3 herein and Sections 4 and 5 of the Stockholders Agreement and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.
Appears in 7 contracts
Samples: Senior Management Agreement (NPMC Holdings, LLC), Senior Management Agreement (NPMC Holdings, LLC), Senior Management Agreement (NPMC Holdings, LLC)
No Pledge or Security Interest. The purpose of the Company’s 's ------------------------------ retention of the Executive’s 's stock certificates and executed stock powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Sections 4 and 5 of the Stockholders Agreement and does not constitute a pledge by the Executive of, or the granting of a security interest in, the underlying equitystock.
Appears in 7 contracts
Samples: Senior Management Agreement (Zefer Corp), Senior Management Agreement (Zefer Corp), Senior Management Agreement (Zefer Corp)
No Pledge or Security Interest. The purpose of the Company’s 's ------------------------------ retention of Executive’s the Holder's stock certificates and executed stock powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Sections 4 and 5 of the Stockholders Agreement and does not constitute a pledge by Executive the Holder of, or the granting of a security interest in, the underlying equity.stock. * * * * *
Appears in 1 contract
No Pledge or Security Interest. The purpose of the Company’s 's ------------------------------ retention of Executive’s the Employee's stock certificates and executed stock powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Sections 4 and 5 of the Stockholders Agreement and does not constitute a pledge by Executive the Employee of, or the granting of a security interest in, the underlying equitystock.
Appears in 1 contract
Samples: Employment Agreement (Zefer Corp)
No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s stock certificates and executed stock powers Stock Powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Sections 4 and 5 Section 6 of the Stockholders Agreement and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.
Appears in 1 contract
Samples: Senior Management Agreement (VeriFone Holdings, Inc.)
