Common use of Rule 701 Clause in Contracts

Rule 701. The Shares will become freely tradable by non- -------- affiliates under SEC Rule 701 promulgated under the 1933 Act, subject to limited conditions regarding the method of sale, ninety (90) days after the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the SEC, subject to the lengthier market standoff agreement contained in this Agreement or any other agreement entered into by Purchaser. Affiliates must comply with the provisions (other than the holding period requirements) of Rule 144.

Appears in 1 contract

Sources: Restricted Stock Purchase Agreement (Kintana Inc)

Rule 701. The Shares will become freely tradable tradeable by non- -------- non-affiliates under SEC Rule 701 promulgated under the 1933 Act, subject to limited conditions regarding the method of sale, ninety (90) 90 days after the first sale of Common Stock common stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the SEC, subject to the lengthier market standoff agreement contained in this Agreement or any other agreement entered into by Purchaser. Affiliates , provided, however, that affiliates must comply with the provisions (other than the holding period requirements) of Rule 144.

Appears in 1 contract

Sources: Founder's Restricted Stock Purchase Agreement (Synopsys Inc)

Rule 701. The Shares will become freely tradable tradeable by non- -------- affiliates under SEC Rule 701 promulgated under the 1933 Act, subject to limited conditions regarding the method of sale, ninety (90) 90 days after the first sale of Common Stock common stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the SEC, subject to the lengthier market standoff agreement contained in this Agreement or any other agreement entered into by Purchaser. Affiliates must comply with the provisions (other than the holding period requirements) of Rule 144.

Appears in 1 contract

Sources: Founder's Restricted Stock Purchase Agreement (Onsale Inc)