Common use of LEGALITY OF INITIAL ISSUANCE Clause in Contracts

LEGALITY OF INITIAL ISSUANCE. No Shares of Common Stock shall be issued in accordance with Section 2 of this Award Agreement unless and until the Committee has determined that: (i) the Company and Participant have taken all actions required to register the Shares of Common Stock under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Shares of Common Stock are listed has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law has been satisfied.

Appears in 6 contracts

Samples: Award Agreement (Powell Industries Inc), Restricted Stock Unit Award Agreement (Powell Industries Inc), Award Agreement (LGI Homes, Inc.)

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LEGALITY OF INITIAL ISSUANCE. No Shares of Common Stock shall be issued in accordance with Section 2 of this Award Agreement unless and until the Committee has determined that: (i) the Company and Participant have taken all actions required to register the Shares of Common Stock under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Shares of Common Stock are listed has have been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law has been satisfied.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Forbes Energy Services Ltd.), Restricted Stock Unit Award Agreement (Forbes Energy Services Ltd.), Restricted Stock Unit Award Agreement (Forbes Energy Services Ltd.)

LEGALITY OF INITIAL ISSUANCE. No Shares of Common Stock shall be issued in accordance with Section 2 of this Award Agreement unless and until the Committee has determined that: (i) the Company and the Participant have taken all actions required to register the Shares of Common Stock under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Shares of Common Stock are listed has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law Applicable Law has been satisfied.

Appears in 2 contracts

Samples: Award Agreement (Applied Optoelectronics, Inc.), Award Agreement (Applied Optoelectronics, Inc.)

LEGALITY OF INITIAL ISSUANCE. No Shares of Common Stock shall be issued in accordance with Section 2 3 of this Award Agreement unless and until the Committee has determined that: (i) the Company and Participant have taken all actions required to register the Shares of Common Stock under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Shares of Common Stock are listed has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law has been satisfied.

Appears in 1 contract

Samples: Award Agreement (Powell Industries Inc)

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LEGALITY OF INITIAL ISSUANCE. No Shares of Common Stock shall be issued in accordance with Section 2 of this Award Agreement unless and until the Committee Administrator has determined that: (i) the Company and Participant have taken all actions required to register the Shares of Common Stock under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Shares of Common Stock are listed has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law has been satisfied.

Appears in 1 contract

Samples: Award Agreement (Guaranty Bancshares Inc /Tx/)

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