Common use of Restriction on Sale Clause in Contracts

Restriction on Sale. Notwithstanding the vesting of ownership of that portion of the Restricted Shares scheduled to be vested and earned on January 1, 2007 (the “First Vested Shares”), Recipient agrees that the First Vested Shares may not be disposed of on or prior to, and shall not be transferable until, the first day following the six month anniversary of the Grant Date (the “FVS Holding Period”). This restriction shall not affect the vesting of ownership in the First Vested Shares in Recipient as provided for herein, and shall not apply to any subsequent vesting of the Restricted Shares.