Management Restrictions. During the period beginning on the date of this Agreement and ending on the tenth (10th) Business Day following the first Effective Date (as defined in the Joint Investor Registration Rights Agreement) to occur following such date, no Key Employee may, directly or indirectly, sell, transfer or otherwise dispose of (whether through the writing or purchase of options, futures or derivative instruments), or publicly announce (whether through the filing of a notice or otherwise) such individual's intention to dispose of, any Common Stock held or beneficially owned by such individual.
Management Restrictions. Notwithstanding and without limiting the foregoing, the [Manager/Managing Member] shall not take any of the following actions on behalf of the Company without a Vote of a Majority of Members consenting to the taking of such action:
Management Restrictions. Notwithstanding and without limiting the foregoing, the [Partner/Managing Partner/Manager] shall not take any of the following actions on behalf of the Partnership without a Majority of Partners consenting to the taking of such action:
Management Restrictions a. All xxxxxx (interim and final) are removed from the "suitable land" base that is subject to commercial timber operations. Mechanical entry is restricted (e.g., to existing roads) (p. 7). The Forest must begin to inventory and evaluate each grove for fuel load build-up, and set priorities for treatment. There can be no logging in a grove within the period covered by the Forest Plan except "for the limited and specific purpose of reducing the fuel load ... pursuant to a Grove specific fuel load reduction plan and Grove specific EIS" (p. 10). The objective must be "to preserve, protect, restore and regenerate the Giant Sequoia Xxxxxx, without unnecessary damage to any old-growth trees in the Grove" (pp. 10-11).
Management Restrictions. 19 5.24. VOTING PROVISIONS.....................................................................................19 5.25. INSURANCE COVERAGE....................................................................................19 5.26. ABSENCE OF CERTAIN CHANGES............................................................................19
Management Restrictions. No member of management of either Issuer or any Subsidiary is bound by or subject to any non-competition or other agreement which prohibits, or in any way restricts, such Person's ability to act or be employed as an officer or director of such Person.
Management Restrictions. In addition to the restrictions set forth in Section 3.1-3.3 above, notwithstanding the definition of “Permitted Transferees”, until following the consummation of a Qualifying IPO, each Management Stockholder shall be prohibited from effecting Transfers of more than fifty percent (50%) of his Securities in the aggregate, (i) to such Stockholder’s Relatives or (ii) to or among a trust of which there are no principal beneficiaries other than such Stockholder and one or more Relatives of such Stockholder, unless approved by the Board.
Management Restrictions. Except as set forth in the last Sentence of this Section 6.2 and notwithstanding any other provision of this Agreement the Company shall not:
Management Restrictions. The Management Parties, except in a Transfer to a Permitted Transferee permitted by Section 4.03, are subject to certain restrictions on Transfers as more fully described in the Management Agreement (the “Management Agreement”) by and between the Management Parties and the Bank, which Management Agreement shall be assigned automatically from the Bank to the Company, without any further action by the parties thereto, upon the completion of the Holding Company Reorganization and shall remain in full force and effect in accordance with its terms. Notwithstanding the foregoing or anything herein to the contrary, the Bank, the Company and the other parties thereto shall not amend, waive, modify or terminate the Management Agreement without the prior written consent of non-interested Stockholders holding a majority of the Common Stock owned in the aggregate by all non-interested Stockholders with respect to the Management Agreement.
Management Restrictions. During the period beginning on the Closing Date and ending on the later of (i) April 1, 2001 and (ii) the date on which the Registration Statement (as defined in the Registration Rights Agreement) has been declared effective by the Commission (the "Management Restriction Period"), no Key Employee may sell, transfer or otherwise dispose of any Common Stock held or beneficially owned by such individual, whether through the writing or purchase of options, futures or derivative instruments, or otherwise; provided, however, that the foregoing limitation shall not apply to (A) any sale, transfer or other disposition of Common Stock at a price per share that is greater than the Market Price in effect on the date of such sale, transfer or disposition, or (B) any sale, transfer or other disposition by a Key Employee of a number of shares of Common Stock that does not exceed, singly or in the aggregate with any other sales, transfers or other dispositions made by such Key Employee during the Management Restriction Period, ten thousand (10,000) shares of Common Stock, as long as, prior to any sale, transfer or other disposition permitted by clause (A) or (B), the Registration Statement (as defined in the Registration Rights Agreement) has been declared effective by the Commission.
