Common use of Permitted Pledges Clause in Contracts

Permitted Pledges. Notwithstanding anything to the contrary ----------------- herein, up to ten percent (10%) of the Shares may be pledged by the Shareholder provided that the Company has released the Shareholder's pledge with respect to such Shares.

Appears in 2 contracts

Sources: Stock Repurchase Agreement (Korn Ferry International), Stock Repurchase Agreement (Korn Ferry International)