Common use of FIDUCIARY AND SECURITIES LAW RESTRICTIONS Clause in Contracts

FIDUCIARY AND SECURITIES LAW RESTRICTIONS. As a employee, officer and/or director of the Company or a subsidiary thereof, Optionee may be subject to restrictions on his or her ability to sell or otherwise Transfer Option Shares by reason of being a fiduciary for the Company or by reason of federal or state securities laws and/or the policies regarding transactions in the securities of the Company from time to time adopted by the Company in connection therewith. Nothing contained herein shall relieve Optionee of any restriction on sale or other Transfer of Option Shares provided thereby and the restrictions provided herein shall be in addition to and not in lieu of any such other restrictions.

Appears in 4 contracts

Samples: Stock Option Agreement (Magellan Health Services Inc), Stock Option Agreement (Magellan Health Services Inc), Stock Option Agreement (Magellan Health Services Inc)

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FIDUCIARY AND SECURITIES LAW RESTRICTIONS. As a employee, officer and/or director of the Company or a subsidiary thereofCompany, Optionee may be subject to restrictions on his or her ability to sell or otherwise Transfer Option Shares by reason of being a fiduciary for the Company or by reason of federal or state securities laws and/or the policies regarding transactions in the securities of the Company from time to time adopted by the Company and applicable to Optionee in connection therewith. Nothing contained herein shall relieve Optionee of any restriction on sale or other Transfer of Option Shares provided thereby and the any other restrictions of sale or other Transfer of Option Shares provided herein (including in an Option Award Agreement or in the Plan) shall be in addition to and not in lieu of any such other restrictionsrestrictions provided thereby.

Appears in 4 contracts

Samples: Stock Option Agreement (Magellan Health Services Inc), Stock Option Agreement (Magellan Health Services Inc), Stock Option Agreement (Magellan Health Services Inc)

FIDUCIARY AND SECURITIES LAW RESTRICTIONS. As a employee, officer and/or director of the Company or a subsidiary thereofCompany, Optionee may be subject to restrictions on his or her ability to sell or otherwise Transfer Option Shares by reason of being a fiduciary for the Company or by reason of federal or state securities laws and/or the policies regarding transactions in the securities of the Company from time to time adopted by the Company and applicable to Optionee in connection therewith. Nothing contained herein shall relieve Optionee of any restriction on sale or other Transfer of Option Shares provided thereby and the any other restrictions of sale or other Transfer of Option Shares provided herein (including in the terms of the Plan) shall be in addition to and not in lieu of any such other restrictionsrestrictions provided thereby.

Appears in 4 contracts

Samples: Stock Option Agreement (Magellan Health Services Inc), Stock Option Agreement (Magellan Health Services Inc), Stock Option Agreement (Magellan Health Services Inc)

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FIDUCIARY AND SECURITIES LAW RESTRICTIONS. As a employee, officer and/or director of the Company or a subsidiary thereofCompany, Optionee may be subject to restrictions on his or her ability to sell or otherwise Transfer Option Shares by reason of being a fiduciary for the Company or by reason of federal or state securities laws and/or the policies regarding transactions in the securities of the Company from time to time adopted by the Company in connection therewith. Nothing contained herein shall relieve Optionee of any restriction on sale or other Transfer of Option Shares provided thereby and the restrictions provided herein shall be in addition to and not in lieu of any such other restrictions.

Appears in 1 contract

Samples: Stock Option Agreement (Magellan Health Services Inc)

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