Examples of Closed Period in a sentence
If, for example, the Company were to make an announcement on Monday prior to 9:30 a.m. Eastern Time, then the Closed Period would terminate after the close of trading on Tuesday.
You will not ordinarily be given clearance to Deal in Company Securities during any period when there exists any matter which constitutes Inside Information or Material Non-Public Information or during a Closed Period.
If an announcement were made on Monday after 9:30 a.m. Eastern Time, then the Closed Period would terminate after the close of trading on Wednesday.•No Covered Persons may trade in the securities of the Company during any other period designated as a Closed Period by the General Counsel.
A notice will be issued to relevant Covered Persons when such a Closed Period commences and when it ends.The purpose behind the Closed Period is to help establish a diligent effort to avoid any improper transactions.