Examples of Applicable Restricted Period in a sentence
During the Applicable Restricted Period, XXX XXXX may not make or solicit any Sale of, or create, incur or assume any Encumbrance with respect to, at least four million (4,000,000) shares of the Common Stock issued to XXX XXXX pursuant to the Merger Agreement (the “Restricted Zhou Stock”); provided that the restrictions contained in this Section 2.02 shall terminate and be of no further force and effect on the date that is twelve (12) months after the Closing.
The Applicable Restricted Period means the period during which the holder may not dispose of any shares underlying the Covered Instrument without triggering unfavorable tax or social security charge consequences for any company in the Purchaser group.
During the Applicable Restricted Period, Sapphire and Emerald shall not, and shall cause the Restricted Companies not to, directly or indirectly, solicit Customers in respect of any Competitive Activity.