Shareholders' Agreements · glossary

Lock-in Period

The first three years after Completion, to 30 April 2029, when no owner may transfer a share. A move within the owner's group, or a transfer the agreement requires, is still allowed. For the B Shares the lock-in was extended to 30 April 2030. Definition: Lock-in Period · Clause 10.2 · Chapter 7

Explained in Chapter 7, Transfers, of Shareholders' Agreements.

How it comes up, in Chapter 7
The first rule is the Lock-in Period. For three years from Completion, until 30 April 2029, nobody may transfer a share (clause 10.2). There are two exceptions: a move within the owner's own group, and a transfer the agreement itself requires.
Read Chapter 7, Transfers →

Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.

As defined in the training shareholders' agreement
the period from Completion to 30 April 2029, the third anniversary of Completion, or for any Shares such later date as is agreed for them under clause 12.4;
Read the definition in the document →

Related terms

Where this term lives

This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Shareholders' Agreements → · All terms A–Z →