Common use of Sale Rights on Termination Due to Death or Disability Clause in Contracts

Sale Rights on Termination Due to Death or Disability. Upon the Grantee’s termination of Employment due to death or Disability, the Grantee and his or her Permitted Transferees will have the right, subject to Sections 1(e), 1(f) and 1(g) of this Exhibit, to sell to the public pursuant to Rule 144 at any time during the one-year period following the effective date of such termination all or any portion of the Received Shares, notwithstanding that such a Transfer might not otherwise then be permitted by Section 1(b) of this Exhibit.

Appears in 6 contracts

Samples: Restricted Stock Agreement (CC Media Holdings Inc), Restricted Shares Agreement (CC Media Holdings Inc), Restricted Stock Agreement (CC Media Holdings Inc)

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