Common use of LEGALITY OF INITIAL ISSUANCE Clause in Contracts

LEGALITY OF INITIAL ISSUANCE. No Restricted Shares shall be issued unless and until the Committee has determined that: (i) you and the Company have taken all actions required to register the Restricted Shares under the Securities Act of 1933 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 Restricted Shares are listed have been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Restricted Shares shall be issued upon the exercise of the Option unless and until the Committee has determined that: (i) you the Company and the Company Participant have taken all actions required to register the Restricted Shares under the Securities Act of 1933 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 Restricted Shares are listed have has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law Applicable Laws has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Restricted Shares shall be issued unless and until the Committee has determined that: (i) you the Company and the Company Participant have taken all actions required to register the Restricted Shares under the Securities Act of 1933 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 Restricted Shares are listed have 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.