Restrictions on Transfer. The Shares may not be sold, transferred, or otherwise disposed of and may not be pledged or otherwise hypothecated for one (1) year from the Grant Date, except through an effective registration statement under the Securities Act of 1933, as amended, subject to [Section 3] below. This [Section 2] does not apply to any "Conversion Shares" (as defined in [Section 3] below).
Restrictions on Transfer. The Shares may not be sold, transferred, or otherwise disposed of and may not be pledged or otherwise hypothecated for two (2) years from the Grant Date, except through an effective registration statement under the Securities Act of 1933, as amended, subject to [Section 3] below. This [Section 2] does not apply to any "Conversion Shares" (as defined in [Section 3] below).
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.