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

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No 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 the Plan except in compliance with all applicable federal and state laws and regulations and rules of all domestic stock exchanges on which the Common Stock may be listed. The Company shall have the right to rely on the opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which an Option is exercised may bear such legends and statements as the Board may deem advisable to assure compliance with federal and state laws and regulations. No Option shall be exercised, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under the Plan until the Company has obtained such consent or approval as the Board may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Stock Option Plan (United Dominion Realty Trust Inc)

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COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No 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 the 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 Common Stock Company's shares may be listed. The Company shall have the right to rely on the an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which an Option is exercised purchased under this Plan may bear such legends and statements as the Board Committee may deem advisable to assure compliance with federal and state laws and regulations. No Option shall be exercised, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under the this Plan until the Company has obtained such consent or approval as the Board Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: 1991 Stock Purchase and Loan Plan (United Dominion Realty Trust Inc)

COMPLIANCE WITH LAW AND APPROVAL OF REGULATORY BODIES. No 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 the 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 Common Stock Company shares may be listed. The Company shall have the right to rely on the an opinion of its counsel as to such compliance. Any share certificate issued to evidence Common Stock for which an Option is exercised purchased under this Plan may bear such legends and statements as the Board Committee may deem advisable to assure compliance with federal and state laws and regulations. No Option shall be exercised, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under the this Plan until the Company has obtained such consent or approval as the Board Committee may deem advisable from regulatory bodies having jurisdiction over such matters.

Appears in 1 contract

Samples: Employee Stock Purchase and Loan Plan (Storage Usa Inc)

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

Appears in 1 contract

Samples: Stock Option Plan (Cordia Bancorp Inc)

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

Appears in 1 contract

Samples: Long Term Incentive Plan (Networks North Inc)

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