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

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR 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 Corporation’s shares may be listed. The 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, a Performance Share, Stock Unit or Incentive Award is settled or for which an Option or SAR is exercised may bear such legends and statements as the Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Stock Award, Stock Unit, Performance Share or Incentive Award shall be granted, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Corporation has obtained such consent or approval as the Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 2 contracts

Samples: Middleburg Financial Corp, Middleburg Financial Corp

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COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR 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 Company is a party, and the rules of all domestic stock exchanges on which the Corporation’s Company's shares may be listed. The Corporation Company shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate certiciate issued to evidence Common Stock when for which a Stock Award is granted, a Performance Share, Stock Unit or Incentive Award is settled granted or for which an Option or SAR is exercised may bear such legends and statements as the Administrator Committee may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Stock Award, Stock Unit, Performance Share or Incentive Award shall be granted, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Corporation Company has obtained such consent or approval as the Administrator Committee may deem advisable from regulatory bodies having jurisdiction over such matters. ARTICLE XIII GENERAL PROVISIONS 13.01.

Appears in 1 contract

Samples: Mainstreet Bankgroup Inc

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR shall be exercisable, no SNC Common Stock shall be issued, no certificates for shares of SNC 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 CorporationSNC’s shares may be listed. The Corporation SNC shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence SNC Common Stock when a for which shares of Restricted Stock Award is grantedare awarded, a Performance Share, Stock Unit Shares or Incentive Award is settled Performance Units were earned or for which an Option or SAR is exercised may bear such legends and statements as the Administrator Committee may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Stock Award, Stock Unit, Performance Share or Incentive Award shall be granted, no SNC Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Corporation SNC has obtained such consent or approval as the Administrator Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Omnibus Stock Incentive Plan (Bb&t Corp)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR 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 Company is a party, and the rules of all domestic stock exchanges on which the Corporation’s Company's shares may be listed. The Corporation Company 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 for which shares of Restricted Stock Award is granted, a Performance Share, Stock Unit or Incentive Award is settled are awarded or for which an Option or SAR is exercised may bear such legends and statements as the Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Restricted Stock Award, Stock Unit, Performance Share or Incentive Award shall be grantedawarded, 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 Corporation Company has obtained such consent or approval as the Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Shenandoah Telecommunications Co/Va/

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR 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 Company is a party, and the rules of all domestic stock exchanges on which the CorporationCompany’s shares may be listed. The Corporation Company 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, a Performance Share, Stock Unit or an Incentive Award or award of Stock Units is settled or for which an Option or SAR is exercised may bear such legends and statements as the Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Stock Award, Stock Unit, Performance Share or Incentive Award shall be granted, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Corporation Company has obtained such consent or approval as the Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Newmarket Corp

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR 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 Company is a party, and the rules of all domestic stock exchanges on which the CorporationCompany’s shares may be listed. The Corporation Company 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 for which shares of Restricted Stock Award is granted, a Performance Share, Stock Unit or Incentive Award is settled are awarded or for which an Option or SAR is exercised may bear such legends and statements as the Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Restricted Stock Award, Stock Unit, Performance Share or Incentive Award shall be grantedawarded, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Corporation Company has obtained such consent or approval as the Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Tredegar Corp

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR 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 Company is a party, and the rules of all domestic stock exchanges on which the Corporation’s Company's shares may be listed. The Corporation Company 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, in payment when a Performance Share, Stock Unit or Incentive Award is settled earned or for which an Option or SAR is exercised may bear such legends and statements as the Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Stock Award, Stock Unit, Performance Share or Incentive Award shall be granted, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Corporation Company has obtained such consent or approval as the Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Chesapeake Corp /Va/

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR 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), any stock listing agreement to which the Corporation Company is a party, and the rules of all domestic stock exchanges on which the Corporation’s Company's shares may be listed. The Corporation Company shall have the right to rely on an opinion of its counsel as to such compliance. Any share 61 certificate issued to evidence Common Stock when a for which shares of Restricted Stock Award is granted, a Performance Share, Stock Unit or Incentive Award is settled are awarded or for which an Option or SAR is exercised may bear such legends and statements as the Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Restricted Stock Award, Stock Unit, Performance Share or Incentive Award shall be grantedawarded, 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 Corporation Company has obtained such consent or approval as the Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Albemarle Corp

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COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR 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 Company is a party, and the rules of all domestic stock exchanges on which the Corporation’s Company's shares may be listed. The Corporation Company 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 for which Stock Award is granted, a Awards are granted (including the settlement of Performance Share, Stock Unit or Incentive Award is settled Shares) or for which an Option or SAR is exercised may bear such legends and statements as the Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Stock Award, Stock Unit, Awards or Performance Share or Incentive Award Shares shall be granted, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Corporation Company has obtained such consent or approval as the Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Shenandoah Telecommunications Co/Va/

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR 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 Company is a party, and the rules of all domestic stock exchanges on which the CorporationCompany’s shares may be listed. The Corporation Company 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, a Performance Share, Stock Unit or Incentive Award is settled or for which an Option or SAR is exercised may bear such legends and statements as the Administrator may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Stock Award, Stock Unit, Performance Share or Incentive Award shall be granted, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under this Plan until the Corporation Company has obtained such consent or approval as the Administrator may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Eastern Virginia Bankshares Inc

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

Appears in 1 contract

Samples: Management Agreement (Bluerock Residential Growth REIT, Inc.)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. The term of this Plan and Options granted hereunder shall be governed, construed and administered in accordance with the laws of the Commonwealth of Virginia. The Plan and Options are subject to all present and future provisions of the Code and, to the extent applicable, Rule 16b-3 and any rulings with respect thereto. If any provision of the Plan or an Option conflicts with any such Code provision or such rule and any related ruling, the Committee shall amend the Plan, or modify the Option, so as to eliminate the conflict. No Option or SAR shall be exercisable, no share of 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 Company is a party, and the rules of all domestic stock exchanges on which the CorporationCompany’s shares Common Stock may be listed. The Corporation Company shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence shares of Common Stock when a Stock Award is granted, a Performance Share, Stock Unit or Incentive Award is settled or for which an Option or SAR is exercised may bear such legends and statements as the Administrator Committee may deem advisable to assure compliance with federal and state laws and regulations. No Option or SAR shall be exercisable, no Stock Award, Stock Unit, Performance Share or Incentive Award shall be granted, no Common Stock shall be issued, no certificate for shares of Common Stock shall be delivered, and no payment shall be made under this Plan until the Corporation Company has obtained such consent or approval as the Administrator Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: First Capital Bancorp, Inc.

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No Option or SAR shall be exercisable, exercisable and no Shares shall be delivered in settlement of any Award and no unrestricted Common Stock shall be issued, no certificates issued for shares of Restricted 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), any listing agreement to which the Corporation is a party, and compliance with the rules of all domestic stock exchanges on which the Corporation’s KyoMedix's shares may be listed. The Corporation shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued to evidence shares of Common Stock when a Stock Award is granted, a Performance Share, Stock Unit or Incentive Award is settled or for which an Option or SAR Award is exercised may or with respect to which Restricted Common Stock restrictions lapse, shall bear such legends and statements as the Administrator may deem Board deems advisable in order to assure compliance with federal Federal and state laws and regulations. No Option or SAR shall be exercisable, no Stock Award, Stock Unit, Performance Share or Incentive Award shall be granted, exercisable and no Common Stock shall be issued, delivered and no certificate for shares Restricted Common Stock shall be delivered, and no payment shall be made issued under this the Plan until the Corporation KyoMedix has obtained such consent or approval as the Administrator may deem advisable from such regulatory bodies bodies, Federal or state, having jurisdiction over such mattersmatters as the Board may deem advisable. In the case of the exercise of an Award by a person or estate acquiring the right to exercise such Award by bequest or inheritance or in the case of a person or estate acquiring by bequest or inheritance the right to receive Restricted Common Stock because of the lapse of the restrictions, the Board may require reasonable evidence as to the ownership of the Award, may require such consents and releases of taxing authorities as it may deem advisable.

Appears in 1 contract

Samples: Share Exchange Agreement (First Deltavision Inc)

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