Common use of Sale of Shares Acquired Clause in Contracts

Sale of Shares Acquired. Any shares of the Company’s Common Stock acquired pursuant to Restricted Stock Awards granted hereunder cannot be sold by the Employee, subject to registration or an exemption from registration such as to Rule 144 promulgated under the Securities Act, until at least six (6) months elapse from the date of grant of this Restricted Stock Award, except in the case of death or disability or if the grant was exempt from the short-swing profit provisions of Section 16(b).

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (LifeMD, Inc.), Restricted Stock Award Agreement (LifeMD, Inc.), Restricted Stock Award Agreement (LifeMD, Inc.)

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