Examples of Employee Stockholder in a sentence
The Employee Stockholder shall notify WMC and Holding as soon as practicable prior to any change in the identity of any beneficiary of the Employee Stockholder's Trust.
Neither the LLC nor any Employee Stockholder or Non-Manager Member shall do anything or take any action which would be inconsistent with the foregoing or with the Manager Member's actions as authorized by the foregoing provisions of this Section 9.5(a).
The Corporation shall have the right to record such repurchases of Stock on its books and records without the consent of the Applicable Employee Stockholder, so long as such transactions are consistent with the terms of this Agreement.
If, at the end of 60 days following the expiration of the 30-day period for WMC or Holding to purchase the Stock, the Employee Stockholder or the Permitted Transferee (as the case may be) has not completed the sale of such shares of Stock as aforesaid, all the restrictions on sale, transfer or assignment contained in this Agreement shall again be in effect with respect to such shares of Stock.
In addition to the transfer restrictions of the Employee Stockholder Agreement, any sale of Purchased Shares or Option Shares shall in all cases be completed in compliance with applicable securities laws.