Lock-Up Provision definition

Lock-Up Provision means the lock-up provision set forth in Section 2.3 of the Prior Transaction Agreement.
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Examples of Lock-Up Provision in a sentence

  • The Lock-Up Provision set forth in the Investors’ Rights Agreement may not be amended, modified or waived without the prior consent of the Holder unless such amendment, modification or waiver affects the rights associated with all other shares of the same series and class as the Shares granted pursuant to this Warrant.

  • The consent and waivers set forth in this paragraph apply only with respect to the Lock-Up Provision and the Lock-Up Notice and do not constitute a waiver of any other provisions of the Prior Transaction Agreement or any other agreements among the Company, the Shareholder and Parent.

  • Class 2 shares are subject to a twelve (12) month Lock-Up Provision imposed as of the close of merger into Digital or acquisition of LVL, and shall be released from such Lock-up Provision as follows: (a) one-third after six (6) months; (b) one-third after nine (9) months; and (c) one-third after twelve (12) months ("Initial Class 2 Lock-Up").

  • Subject to the satisfaction of the conditions set forth in Section 2.3 below, the Company consents to the Offering and, solely with respect to the Offering, waives the Lock-Up Provision.

  • Xxxxxx 40,000 — Total 4,350,000 1,237,500 SCHEDULE III Name of Director or Stockholder Subject to the Lock-Up Provision: Xxx Xxxxxx Xxxxxxx Xxxxxxx X.

  • For the avoidance of doubt, except as set forth in this Section 1, the limitations and prohibitions in the Company Lock-Up Provision and the VRT Prohibition Provision shall continue in full force and effect with respect to any other transactions in the future.

Related to Lock-Up Provision

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors and officers of the Company, in the form of Exhibit B attached hereto.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Permitted Lock-Up Agreement means an agreement between a Person and one or more holders of Voting Shares pursuant to which such holders (each a “Locked-Up Person”) agree to deposit or tender Voting Shares to a Take-Over Bid (the “Lock-Up Bid”) made or to be made by such Person or any of such Person’s Affiliates or Associates or any other Person with which such Person is acting jointly or in concert, provided that:

  • Restrictive Covenant Agreements has the meaning set forth in the Recitals.

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Restriction Agreement means the agreement setting forth the terms of an Award, and executed by a Grantee as provided in Section 7.1 hereof.

  • Non-Compete Agreement means that certain Non-Compete Agreement between the Company and the Executive in substantially the form attached hereto as Exhibit B.

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • Standstill Agreement shall have the meaning set forth in Section 6.03.

  • Lockup Agreement means the Lockup Agreement, dated as of the date hereof, by and between the Company and each person listed as a signatory thereto, in the form attached as Exhibit C hereto.

  • Arrangement Provisions means Part 9, Division 5 of the BCBCA;

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Covenant not to compete means an agreement:

  • Lock-Up Agreements means the lock-up agreements that are delivered on the date hereof by each of the Company’s officers and directors, in the form of Exhibit A attached hereto.

  • Lock-up shall have the meaning given in Section 5.1.

  • Noncompetition Agreement has the meaning given in Section 3.2.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Restrictive Covenant Violation means the Participant’s breach of the Restrictive Covenants listed on Appendix A or any covenant regarding confidentiality, competitive activity, solicitation of the Company’s vendors, suppliers, customers, or employees, or any similar provision applicable to or agreed to by the Participant.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Nonsolicitation Period means the Employment Period and a period ending six months after the Date of Termination.

  • Founder Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier to occur of (A) one year after the completion of the Company’s initial Business Combination or earlier if, subsequent to the Company’s initial Business Combination, the last sales price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (B) the consummation by the Company of any subsequent liquidation, merger, stock exchange or other similar transaction, which results in all of the Company’s stockholders having the right to exchange their shares of the Common Stock for cash, securities or other property.

  • Non-Competition Period means the period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.