Two Year Restriction Clause Samples
The Two Year Restriction clause sets a specific time limit, typically two years, during which certain actions or rights are limited or prohibited. For example, it may prevent a party from competing with a business, soliciting clients, or disclosing confidential information for two years following the end of a contract or employment. This clause is designed to protect the interests of one party by ensuring that sensitive information, business relationships, or competitive advantages are not exploited for a defined period after the contractual relationship ends.
Two Year Restriction. No Principal Stockholder may voluntarily Transfer any Restricted Security (other than pursuant to a Permitted Transfer) prior to the two-year anniversary of this Agreement, other than the Transfer after the one-year anniversary of this Agreement of a number of shares of CCO Common that, together with all other such Transfers by such Principal Stockholder, does not exceed 50% of the aggregate number of shares of CCO Common issued to such Stockholder on or before the date of such Transfer pursuant to the Stock Purchase Agreement, including without limitation, any shares of CCO Common that are or were Holdback Shares and any shares of CCO Common that constitute a portion of any Earnout Amount payable thereunder.
Two Year Restriction. Notwithstanding any other provision of this Article V, no Stockholder shall attempt to affect any Transfer of Shares to any person who is not a Stockholder for a period of two years beginning on the date of consummation of the transactions contemplated by the Merger Agreement.
Two Year Restriction. Prior to the second anniversary of the -------------------- Closing Date, neither Lender nor any Assignee may assign any portion of its interest in and rights under this Agreement and the Subordinated Note to any other Person (other than an Affiliate of Lender) without Borrower's prior consent, which consent will not be unreasonably withheld or delayed.
Two Year Restriction. No Individual Stockholder may voluntarily Transfer any Restricted Security (other than pursuant to a Permitted Transfer) prior to the two-year anniversary of this Agreement, other than the Transfer after the one-year anniversary of this Agreement of a number of shares of Buyer Stock that, together with all other such Transfers by such Individual Stockholder, does not exceed 25% of the aggregate number of shares of Buyer Stock issued to such Stockholder on or before the date of such Transfer pursuant to the Merger Agreement, including without limitation, any shares of Buyer Stock that are or were Escrow Shares.