Common use of Disposition of any Option Shares Clause in Contracts

Disposition of any Option Shares. the Executive further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive shall in no event make any disposition of all or any portion of the Option Shares which the Executive may acquire hereunder unless and until: (i) there is then in effect a "Registration Statement" under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (A) the Executive shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive shall have furnished the Company with an opinion of the Executive's own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the Executive's counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive of such concurrence; and

Disposition of any Option Shares. the Executive further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive shall in no event make any disposition of all or any portion of the Option Shares which the Executive may acquire hereunder unless and until: (i) there is then in effect a "“Registration Statement" ” under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (A) the Executive shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive shall have furnished the Company with an opinion of the Executive's ’s own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the Executive's ’s counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive of such concurrence; and

Disposition of any Option Shares. the Executive Employee further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive Employee agrees that the Executive Employee shall in no event make any disposition of all or any portion of the Option Shares which the Executive Employee may acquire hereunder unless and until: (i) there is then in effect a "Registration Statement" under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (A) the Executive Employee shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive Employee shall have furnished the Company with an opinion of the ExecutiveEmployee's own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the ExecutiveEmployee's counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive Employee of such concurrence; and

Disposition of any Option Shares. the Executive Consultant further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive Consultant agrees that the Executive Consultant shall in no event make any disposition of all or any portion of the Option Shares which the Executive Consultant may acquire hereunder unless and until: (i) there is then in effect a "Registration Statement" under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (A) the Executive Consultant shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive Consultant shall have furnished the Company with an opinion of the ExecutiveConsultant's own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the ExecutiveConsultant's counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive Consultant of such concurrence; and

Disposition of any Option Shares. the Executive further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive shall in no event make any disposition of all or any portion of the Option Shares which the Executive may acquire hereunder unless and until:: ​ (i) there is then in effect a "“Registration Statement" ” under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; oror ​ (ii) (A) the Executive shall have notified the Parent Company of the proposed disposition and shall have furnished the Parent Company with a detailed statement of the circumstances surrounding the proposed disposition, ; (B) the Executive shall have furnished the Parent Company with an opinion of the Executive's ’s own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act Act; and (C) such opinion of the Executive's ’s counsel shall have been concurred in by counsel for the Parent Company and the Parent Company shall have advised the Executive of such concurrence; andand ​

Disposition of any Option Shares. the Executive Group further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive Group agrees that the Executive Group shall in no event make any disposition of all or any portion of the Option Shares which the Executive Group may acquire hereunder unless and until: (i) there is then in effect a "Registration StatementREGISTRATION STATEMENT" under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (Aa) the Executive Group shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive Group shall have furnished the Company with an opinion of the ExecutiveExecutive Group's own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the ExecutiveExecutive Group's counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive Group of such concurrence; and

Disposition of any Option Shares. the Executive Consultant further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive Consultant agrees that the Executive Consultant shall in no event make any disposition of all or any portion of the Option Shares which the Executive Consultant may acquire hereunder unless and until: (i) there is then in effect a "Registration StatementREGISTRATION STATEMENT" under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (A) the Executive Consultant shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive Consultant shall have furnished the Company with an opinion of the ExecutiveConsultant's own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the ExecutiveConsultant's counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive Consultant of such concurrence; and;

Disposition of any Option Shares. the Executive further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive shall in no event make any disposition of all or any portion of the Option Shares which the Executive may acquire hereunder unless and until: : (i) there is then in effect a "Registration StatementREGISTRATION STATEMENT" under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or or (ii) (A) the Executive shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive shall have furnished the Company with an opinion of the Executive's own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the Executive's counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive of such concurrence; and

Disposition of any Option Shares. the Executive and Xx. Xxxxxxx further acknowledges acknowledge and understands understand that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive they shall in no event make any disposition of all or any portion of the Option Shares which the Executive and/or Xx. Xxxxxxx may acquire hereunder unless and until: (i) there is then in effect a "“Registration Statement" ” under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (A) the Executive and/or Xx. Xxxxxxx shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive and/or Xx. Xxxxxxx shall have furnished the Company with an opinion of the Executive's ’s and/or Xx. Xxxxxxx own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the Executive's ’s and/or Xx. Xxxxxxx’x counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive and/or Xx. Xxxxxxx of such concurrence; and

Disposition of any Option Shares. the Executive further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive shall in no event make any disposition of all or any portion of the Option Shares which the Executive may acquire hereunder unless and until: (i) there is then in effect a "“Registration Statement" ” under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (A) the Executive shall have notified the Parent Company of the proposed disposition and shall have furnished the Parent Company with a detailed statement of the circumstances surrounding the proposed disposition, ; (B) the Executive shall have furnished the Parent Company with an opinion of the Executive's ’s own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act Act; and (C) such opinion of the Executive's ’s counsel shall have been concurred in by counsel for the Parent Company and the Parent Company shall have advised the Executive of such concurrence; and

Disposition of any Option Shares. the Executive further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive shall in no event make any disposition of all or any portion of the Option Shares which the Executive may acquire hereunder unless and until: (i) there is then in effect a "Registration StatementREGISTRATION STATEMENT" under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (A) the Executive shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive shall have furnished the Company with an opinion of the Executive's own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the Executive's counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive of such concurrence; and

Disposition of any Option Shares. the Executive further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive shall in no event make any disposition of all or any portion of the Option Shares which the Executive may acquire hereunder unless and until: (i) there is then in effect a "“Registration Statement" ” under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (A) the Executive shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, ; (B) the Executive shall have furnished the Company with an opinion of the Executive's ’s own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act Act; and (C) such opinion of the Executive's ’s counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive of such concurrence; and

Disposition of any Option Shares. the Executive further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive shall in no event make any disposition of all or any portion of the Option Shares which the Executive may acquire hereunder unless and until:: ​ (i) there is then in effect a "“Registration Statement" ” under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; oror ​ (ii) (A) the Executive shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, ; (B) the Executive shall have furnished the Company with an opinion of the Executive's ’s own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act Act; and (C) such opinion of the Executive's ’s counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive of such concurrence; andand ​

Disposition of any Option Shares. the Executive further acknowledges and understands that, without in anyway limiting the acknowledgements and understandings as set forth hereinabove, the Executive agrees that the Executive shall in no event make any disposition of all or any portion of the Option Shares which the Executive may acquire hereunder unless and until: (i) there is then in effect a "Registration Statement" under the Securities Act covering such proposed disposition and such disposition is made in accordance with said Registration Statement; or (ii) (Aa) the Executive shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, (B) the Executive shall have furnished the Company with an opinion of the Executive's own counsel to the effect that such disposition will not require registration of any such Option Shares under the Securities Act and (C) such opinion of the Executive's counsel shall have been concurred in by counsel for the Company and the Company shall have advised the Executive of such concurrence; and