Sale of Shares Acquired. If the Director is an officer (as defined by Section 16(b) of the Securities Exchange Act of 1934, as amended (“Section 16(b)”), any shares of the Company’s Common Stock acquired pursuant to Restricted Stock Awards granted hereunder cannot be sold by the Director, subject to registration or an exemption from registration such as to Rule 144 promulgated under the Securities Act, until at least six (6) months elapse from the date of grant of this Restricted Stock Award, except in the case of death or disability or if the grant was exempt from the short-swing profit provisions of Section 16(b).
Appears in 5 contracts
Samples: Restricted Stock Award Agreement (LifeMD, Inc.), Restricted Stock Award Agreement (LifeMD, Inc.), Restricted Stock Award Agreement (LifeMD, Inc.)
