Common use of FIDUCIARY, SECURITIES LAW AND OFFICER RESTRICTIONS Clause in Contracts

FIDUCIARY, SECURITIES LAW AND OFFICER RESTRICTIONS. As an 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. Pursuant to the Company’s Equity Ownership Policy currently in effect and as may be amended from time to time (the “Equity Ownership Policy”) certain officers of the Company are currently, or may in the future be, subject to restrictions on sales or transfers of Option Shares and other equity rights issued by the Company. If Grantee is at any time subject to such Equity Ownership Policy, sale or transfer of Grantees’ Option Shares shall be restricted as provided in such Equity Ownership Policy.

Appears in 7 contracts

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

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FIDUCIARY, SECURITIES LAW AND OFFICER RESTRICTIONS. As an a employee, officer and/or director of the Company, Optionee Grantee may be subject to restrictions on his or her ability to sell or otherwise Transfer Option Unit 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 Grantee in connection therewith. Nothing contained herein shall relieve Optionee Grantee of any restriction on sale or other Transfer of Option Unit Shares provided thereby and any other restrictions of sale or other Transfer of Option Unit Shares provided herein (including in an Option a Restricted Stock Unit Award Agreement Notice or in the Plan) shall be in addition to and not in lieu of any other restrictions provided thereby. Pursuant to the Company’s Equity Ownership Policy currently in effect and as may be amended from time to time (the “Equity Ownership Policy”) time, certain officers of the Company are currently, or may in the future be, subject to restrictions on sales or transfers of Option Unit Shares and other equity rights issued by the Company. If Grantee is at any time subject to such Equity Ownership Policy, sale or transfer of Grantees’ Option Unit Shares shall be restricted as provided in such Equity Ownership Policy.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Magellan Health Services Inc), Restricted Stock Unit Agreement (Magellan Health Services Inc), Restricted Stock Unit Agreement (Magellan Health Services Inc)

FIDUCIARY, SECURITIES LAW AND OFFICER RESTRICTIONS. As an employee, officer and/or director of the Company, Optionee Grantee may be subject to restrictions on his or her ability to sell or otherwise Transfer Option Unit 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 Grantee in connection therewith. Nothing contained herein shall relieve Optionee Grantee of any restriction on sale or other Transfer of Option Unit Shares provided thereby and any other restrictions of sale or other Transfer of Option Unit Shares provided herein (including in an Option a Restricted Stock Unit Award Agreement Notice or in the Plan) shall be in addition to and not in lieu of any other restrictions provided thereby. Pursuant to the Company’s Equity Ownership Policy currently in effect and as may be amended from time to time (the “Equity Ownership Policy”) time, certain officers of the Company are currently, or may in the future be, subject to restrictions on sales or transfers of Option Unit Shares and other equity rights issued by the Company. If Grantee is at any time subject to such Equity Ownership Policy, sale or transfer of Grantees’ Option Unit Shares shall be restricted as provided in such Equity Ownership Policy.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Magellan Health Inc), Restricted Stock Unit Agreement (Magellan Health Inc), Restricted Stock Unit Agreement (Magellan Health Inc)

FIDUCIARY, SECURITIES LAW AND OFFICER RESTRICTIONS. As an 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. . Pursuant to the Company’s Equity Ownership Policy currently in effect and as may be amended from time to time (the “Equity Ownership Policy”) certain officers of the Company are currently, or may in the future be, subject to restrictions on sales or transfers of Option Shares and other equity rights issued by the Company. If Grantee is at any time subject to such Equity Ownership Policy, sale or transfer of Grantees’ Option Shares shall be restricted as provided in such Equity Ownership Policy.

Appears in 2 contracts

Samples: Magellan Health Services (Magellan Health Services Inc), Magellan Health Services (Magellan Health Services Inc)

FIDUCIARY, SECURITIES LAW AND OFFICER RESTRICTIONS. As an 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. Pursuant to the Company’s Equity Ownership Policy currently in effect and as may be amended from time to time (the “Equity Ownership Policy”) certain officers of the Company are currently, or may in the future be, subject to restrictions on sales or transfers of Option Shares and other equity rights issued by the Company. If Grantee Optionee is at any time subject to such Equity Ownership Policy, sale or transfer of GranteesOptionees’ Option Shares shall be restricted as provided in such Equity Ownership Policy.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Magellan Health Inc), Stock Option Agreement (Magellan Health Inc)

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FIDUCIARY, SECURITIES LAW AND OFFICER RESTRICTIONS. As an 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. Pursuant to the Company’s Equity Ownership Policy currently in effect and as may be amended from time to time (the “Equity Ownership Policy”) certain officers of the Company are currently, or may in the future be, subject to restrictions on sales or transfers of Option Shares and other equity rights issued by the Company. If Grantee is at any time subject to such Equity Ownership Policy, sale or transfer of Grantees’ Option Shares shall be restricted as provided in such Equity Ownership Policy.

Appears in 1 contract

Samples: Magellan Health Services (Magellan Health Services Inc)

FIDUCIARY, SECURITIES LAW AND OFFICER RESTRICTIONS. As an employee, officer and/or director of the Company, Optionee Grantee may be subject to restrictions on his or her ability to sell or otherwise Transfer Option Unit 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 Grantee in connection therewith. Nothing contained herein shall relieve Optionee Grantee of any restriction on sale or other Transfer of Option Unit Shares provided thereby and any other restrictions of sale or other Transfer of Option Unit Shares provided herein (including in an Option a Restricted Stock Unit Award Agreement Notice or in the Plan) shall be in addition to and not in lieu of any other restrictions provided thereby. Pursuant to the Company’s Equity Ownership Policy currently in effect and as may be amended from time to time (the “Equity Ownership Policy”) time, certain officers of the Company are currently, or may in the future be, subject to restrictions on sales or transfers of Option Unit Shares and other equity rights issued by the Company. If Grantee is at any time subject to such Equity Ownership Policy, sale or transfer of Grantees’ Option Unit Shares shall be restricted as provided in such Equity Ownership Policy.. ​ ​ ​ ​

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Magellan Health Inc)

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