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, 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 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 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 other restrictions provided thereby.

Appears in 4 contracts

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

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FIDUCIARY AND SECURITIES LAW RESTRICTIONS. As a employee, officer and/or director of the CompanyCompany 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 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 any other the 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 restrictions provided therebyrestrictions.

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, 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 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 any other restrictions of sale or other Transfer of Option Shares provided herein (including in an Option Award Agreement or in the terms of the Plan) shall be in addition to and not in lieu of any other restrictions provided thereby.

Appears in 4 contracts

Samples: Option Agreement (Magellan Health Services Inc), Option Agreement (Magellan Health Services Inc), 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, 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 any other the 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 restrictions provided therebyrestrictions.

Appears in 1 contract

Samples: Magellan Health Services (Magellan Health Services Inc)

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