Common use of COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES Clause in Contracts

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 6 contracts

Samples: 1997 Executive Stock Plan (Universal Corp /Va/), 1997 Executive Stock Plan (Universal Corp /Va/), 2000 Stock Incentive Plan (Landamerica Financial Group Inc)

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COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's ’s shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 6 contracts

Samples: 2007 Stock Incentive Plan (SportsQuest, Inc.), 2000 Stock Incentive Plan (Landamerica Financial Group Inc), 2007 Stock Incentive Plan (Universal Corp /Va/)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) ), any listing agreement to which the Company is a party, and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock when a Stock Award is granted or for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, delivered and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 5 contracts

Samples: Incentive Plan (Seair Group Inc), Incentive Plan (Cadapult Graphic Systems Inc), Incentive Plan (Educational Video Conferencing Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) ), any listing agreement to which the Company is a party, and the rules of all domestic stock exchanges on which the Company's ’s shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock when a Stock Award is granted or for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, delivered and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 5 contracts

Samples: Incentive Plan (Media Sciences International Inc), 2006 Stock Incentive Plan (Media Sciences International Inc), 2006 Stock Incentive Plan (Media Sciences International Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal Federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal Federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 3 contracts

Samples: Executive Stock Plan (Universal Corp /Va/), Incentive Plan (Community Financial Corp /De/), 1992 Incentive Plan (Virginia First Financial Corp)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and an no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitationlimitations, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Board may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 3 contracts

Samples: Incentive Plan (Mid Atlantic Community Bankgroup Inc), Incentive Plan (Central Virginia Bankshares Inc), Incentive Plan (Central Virginia Bankshares Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitationlimitations, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Board may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 3 contracts

Samples: Stock Option Plan (Independent Community Bankshares Inc), Stock Option Plan (New Peoples Bankshares Inc), 2000 Stock Option Plan (Eastern Virginia Bankshares Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal Federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listedlisted or NASDAQ. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal Federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 3 contracts

Samples: 1991 Stock Incentive Plan (Landamerica Financial Group Inc), 1991 Stock Incentive Plan (Landamerica Financial Group Inc), 1991 Stock Incentive Plan (Lawyers Title Corp)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this the Plan except in compliance with all applicable federal Federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listedlisted or the Nasdaq Stock Market. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal Federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate certificates for shares shall be delivered, and no payment shall be made under this the Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 3 contracts

Samples: 1996 Stock Incentive Plan (Open Plan Systems Inc), 1996 Stock Incentive Plan (Open Plan Systems Inc), 1996 Stock Incentive Plan (Open Plan Systems Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) ), any listing agreement to which the Corporation is a party, and the rules of all domestic stock exchanges on which the CompanyCorporation's shares may be listed. The Company may Corporation shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock when a Stock Award is granted or for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, delivered and no payment shall be made under this Plan until the Company Corporation has obtained such consent or approval as the Committee Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 2 contracts

Samples: Incentive Plan (Boundless Corp), Incentive Plan (Evci Career Colleges Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal Federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee Board may deem advisable to assure compliance with federal Federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 2 contracts

Samples: Stock Incentive Plan (Eagle Financial Services Inc), Incentive Plan (Southern Community Financial Corp.)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Award shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock Shares shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal Federal and state laws and regulations (including, without limitation, including withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listedany Applicable Exchange. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Award is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal Federal and state laws and regulations. No Grant Award shall be exercisableexercisable (to the extent applicable), no Common Stock shall be issued, no certificate for shares Shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 2021 Omnibus Equity Incentive Plan (First Community Corp /Sc/)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitationlimitation where applicable, withholding tax requirements) ), any listing agreement to which the Company is a party, and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option shall be exercisable, no Common Stock shall be issued, issued and no certificate for shares shall be delivered, and no payment shall be made under this Plan delivered until the Company has obtained such consent or approval as the Committee Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Non Employee Directors' Stock Option Plan (Intelidata Technologies Corp)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all the Nasdaq Stock Market or any other domestic stock exchanges or market on which the Company's shares Common Stock may be listedlisted or traded. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate certificates for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 2000 Stock Option Plan for Non Employee Directors (Open Plan Systems Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements, if any) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, and no certificate for shares shall be delivered, and no payment shall be made under this Plan delivered until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 1994 Stock Option Plan for Non Employee Directors (Universal Corp /Va/)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this the Plan except other than in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this the Plan until the Company has obtained such consent or approval consents and approvals as the Committee Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 1994 Stock Option Plan (Hawthorne Financial Corp)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, issued and no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) ), any listing agreement to which the Company is a party, and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock or for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Board may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company Compan y has obtained such consent or approval as the Committee Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 1999 Stock Option Plan (Cardinal Financial Corp)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal Federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's ’s shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee Board may deem advisable to assure compliance with federal Federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Stock Incentive Plan (Southern National Bancorp of Virginia Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option or SAR shall be exercisable, no Common Stock shall be issued, no certificates certificate for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's ’s shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option or SAR is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option or SAR shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Incentive Stock Option Plan (Tredegar Corp)

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COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements, if any) and the rules of all domestic stock exchanges on which the Company's ’s shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, and no certificate for shares shall be delivered, and no payment shall be made under this Plan delivered until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 1994 Stock Option Plan for Non Employee Directors (Universal Corp /Va/)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, issued and no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) ), any listing agreement to which the Company is a party, and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock or for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Board may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 1999 Stock Option Plan (Cardinal Financial Corp)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's ’s shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Stock Incentive Plan (Universal Corp /Va/)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval orapproval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 2002 Executive Stock Plan (Universal Corp /Va/)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Stock Option Plan (Front Royal Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal Federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal Federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.. Article XII

Appears in 1 contract

Samples: 1989 Executive Stock Plan (Universal Corp /Va/)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this the Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an the opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Board may deem advisable to assure compliance with federal and state laws and regulationsor desirable. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this the Plan until the Company has obtained such consent or approval as the Committee Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 1997 Stock Option Plan (Ocwen Asset Investment Corp)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) ), any listing agreement to which the Company is a party, and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Board may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Non Employee Directors' Stock Option Plan (CFW Communications Co)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) ), any listing agreement to which the Company is a party, and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, delivered and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 2001 Non Qualified Stock Option Plan (Educational Video Conferencing Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option or SAR shall be exercisable, no Common Stock shall be issued, no certificates certificate for shares of Common Stock shall be delivered, and no payment shall be made under this Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listed. The Company may shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option or SAR is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Grant Option or SAR shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Incentive Stock Option Plan (Ethyl Corp)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Grant Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under this the Plan except in compliance with all applicable federal Federal and state laws and regulations (including, without limitation, withholding tax requirements) and the rules of all domestic stock exchanges on which the Company's shares may be listedlisted or the Nasdaq Stock Market. The Company may rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which a Grant an Option is exercised or an Award is issued may bear such legends and statements as the Committee may deem advisable to assure compliance with federal Federal and state laws and regulations. No Grant shall be exercisable, no Common Stock shall be issued, no certificate certificates for shares shall be delivered, and no payment shall be made under this the Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 1996 Stock Option Plan for Non Employee Directors (Open Plan Systems Inc)

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