unless and until. (a) Executive shall have notified Company of the proposed disposition and provided a written summary of the terms and conditions of the proposed disposition; (b) Executive shall have complied with all requirements of this Agreement applicable to the disposition of the Shares; and (c) Executive shall have provided Company with written assurances, in form and substance satisfactory to Company that (i) the proposed disposition does not require registration of the Shares under the 1933 Act or (ii) all appropriate action necessary for compliance with the registration requirements of the 1933 Act or any exemption from registration available under the 1933 Act has been taken. Company shall not be required (i) to transfer on its books any Shares which have been sold or transferred in violation of the provisions of this Section 4 or (ii) to treat as the owner of the Shares, or otherwise to accord voting or dividend rights to, any transferee to whom the Shares have been transferred in contravention of this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Flour City International Inc), Employment Agreement (Flour City International Inc)