IPO Lockup definition
Examples of IPO Lockup in a sentence
If, however, Recipient is involuntarily terminated other than for Cause by Newco after the date of the IPO, but prior to the end of the IPO Lock-up Period, 50% of the Newco shares granted to Recipient shall nonetheless vest upon termination of employment and the remaining 50% of the restricted Newco common shares shall not vest and shall be forfeited by Recipient upon termination of employment.
Unless earlier amended, modified or waived pursuant to Section 11(a), the provisions of this Section 3(b) shall terminate on the earlier of (i) if the 60-day VWAP on the 365th day following the date of expiration of the IPO Lock-up Period (the “Early Lock-up Termination Date”) is greater than or equal to twice the price per share of the Common Equity set forth on the registration statement for the initial Public Offering, the Early Lock-up Termination Date and (ii) the Additional Lock-up Termination Date.
At any time beginning on the date of expiration of the IPO Lock-up Period to but excluding the one-year anniversary of the closing of the initial Public Offering, a Majority in Interest of the Principal Investors may request registration under the Securities Act of all or any portion of their Registrable Securities on Form S-1 or any similar long-form registration statement (“Long-Form Registrations”).
IPO Lock-up.....................................................................
This Agreement, together with the IPO Lock-up Agreement, constitutes the entire understanding and agreement between the Parties with respect to the matters covered hereby, and all prior agreements and understandings, oral or in writing, if any, between the Parties with respect to the matters covered hereby are merged and superseded by this Agreement.
All stockholders of the Company who entered into lockup agreements (the “IPO Lockup Agreements“) with the underwriters of the Company’s initial public offering have received all required releases from such IPO Lockup Agreements necessary in order to allow such stockholders to tender their Shares to Parent pursuant to the Offer.
If, however, Recipient's ING US board service is involuntarily terminated other than for Cause after the date of the IPO, but prior to the end of the IPO Lock-up Period, 50% of the Newco shares granted to Recipient shall nonetheless vest upon termination of his board service and the remaining 50% of the restricted Newco common shares shall not vest and shall be forfeited by Recipient upon termination of his board service.
Each such Selling Stockholder further acknowledges and agrees that any rights such Selling Stockholder may have in connection with the amendment of the IPO Lockup Agreements in the manner described above in Section 15(a) are hereby satisfied or waived.
A Participant may not transfer, assign or otherwise dispose of, or grant any rights over or by reference to, any Shares subject to an Award, or any rights in respect thereof (or similar) prior to the later of: (i) the Award Vesting in respect of such Shares; and (ii) the occurrence of either: (a) the expiry of an IPO Lock-up Period in connection with an IPO or SPAC Transaction; or (b) subject to rule 4.2.1 and 4.2.2 (Exit), an Exit.
Venture Capital and IPO Lockup Expiration: An Empirical Analysis.