Lock-Up Contract

This template provides the terms and conditions for a private equity fund to appoint an investment manager. It outlines the fees and out-of-pocket expenses to be paid to the manager, as well as the scope of activities and indemnification of the manager. Common provisions, such as management fees and monitoring fees, are also included.

A formal letter from the company's directors, officers, and certain shareholders that outlines the lock-up arrangements mentioned in the underwriting contract. Those signing the lock-up contract agree to not sell any of the issuer's shares or engage in similar activities for a set period of time following the securities offering.

This proposal seeks approval for a new equity incentive plan to be included in a public company's proxy statement. It is largely based on the provisions found in Practical Law's Standard Document, Equity Incentive Plan (Public Company).