This question was closed without grading. Reason: Answer found elsewhere
Jul 26, 2019 20:10
4 yrs ago
3 viewers *
French term

respiration

French to English Law/Patents Finance (general)
Dans un pacte d'associés.

Dans "Article 15 - Engagement de conservation et clause de sortie totale des Fondateurs

15.2.1. Inaliénabilité. Jusqu’à l’expiration d’un délai de cinq (5) ans à compter de la Date de Réalisation, chacun des Fondateurs s’engage à ne pas réaliser de Transfert ni remettre ou donner en garantie tout ou partie des Actions qu’il détient ni à en restreindre la jouissance ou la libre disposition de quelque façon que ce soit, à l’exception (i) des Transferts Libres, (ii) des Transferts réalisés dans le cadre des dispositions des articles 11 et 12 ci-dessus et (iii) des Transferts n’excédant pas, en une ou plusieurs fois, vingt pourcent (20%) du nombre d’Actions détenues par le Fondateur à la Date de Réalisation (la « Respiration »)."


Merci d'avance.
Change log

Jul 27, 2019 09:51: writeaway changed "Field" from "Law/Patents" to "Bus/Financial"

Jul 29, 2019 22:27: Yolanda Broad changed "Field" from "Bus/Financial" to "Law/Patents"

Discussion

Julie Barber Jul 26, 2019:

Proposed translations

1 hr

lock-up period / lock-in period / locked-up period

from Wikipedia

A lock-up period, also known as a lock in, lock out, or locked up period, is a predetermined amount of time following an initial public offering where large shareholders, such as company executives and investors representing considerable ownership, are restricted from selling their shares.

source: https://en.wikipedia.org/wiki/Lock-up_period

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Note added at 1 hr (2019-07-26 21:58:39 GMT)
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MORE EXAMPLES:

source: https://www.google.com/search?q=(lock-up OR lock-in OR lock-...
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+1
23 hrs
French term (edited): La respiration

The (Lock-up Exit) Window

A 'breather' or breathing space allowing the fund manager(s) to exit stage left.

I'll leave it to Julie B. or FB to reiterate the latter's 'lock-up relief' idea.

Example sentence:

For hedge funds, the lock-up period is intended to give the hedge fund manager *time to exit investments that may be illiquid or otherwise unbalance their portfolio of investments too rapidly*.

Peer comment(s):

agree nlpresearcher : I agree. Since my new answer/post contains a more appropriate answer, I have now removed my old answer/post. Thank you for the 'heads up'.
1 day 1 hr
Thanks. You seem to have a double-posting on this one.
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