No Sale or Pledge of Restricted Shares. Except as otherwise provided herein, Optionee agrees and covenants that during the Restricted Period he or she will not sell, pledge, encumber or otherwise transfer or dispose of, and will not permit to be sold, encumbered, attached or otherwise disposed of or transferred in any manner, either voluntarily or by operation of law (all hereinafter collectively referred to as “transfers”), all or any portion of the Restricted Shares or any interest therein except in accordance with and subject to the terms of this Section 17.
No Sale or Pledge of Restricted Shares. Optionee agrees and covenants that during the twenty-four (24) month period commencing on the Date of Grant (the "Restricted Period"), he will not sell or otherwise transfer or dispose of (including but not limited to allowing the foreclosure of a lien interest), and will not permit to be sold or otherwise disposed of or transferred in any manner, either voluntarily or by operation of law (all hereinafter collectively referred to as "Transfers"), all or any portion of the Restricted Shares or any interest therein, except in accordance with and subject to the terms of Section 8(d) hereof. Transfers to a spouse, lineal descendents, a trust for the benefit of a spouse and/or lineal descendents, or other entity of which the transferor and/or his spouse and/or lineal descendents are one hundred percent owners for purposes of estate planning are excluded from the definition of "Transfer" as used in this Agreement and, therefore, are not restricted.
No Sale or Pledge of Restricted Shares. Except as hereinafter -------------------------------------- provided, Optionee agrees and covenants that he will not sell, pledge, encumber or otherwise transfer or dispose of, and will not permit to be sold, encumbered, attached or otherwise disposed of or transferred in any manner, either voluntarily or by operation of law (all hereinafter collectively referred to as "Transfers"), all or any portion of the Restricted Shares or any interest therein except in accordance with and subject to the terms of this Section 12.
