Common use of Grantee’s Representations Clause in Contracts

Grantee’s Representations. Notwithstanding any of the provisions hereof, Grantee hereby agrees that Grantee will not exercise the Stock Option granted hereby, and that the Company will not be obligated to issue any shares to Grantee hereunder, if the exercise thereof or the issuance of such shares shall constitute a violation by Grantee or the Company of any provision of any law or regulation of any governmental authority. Any determination in this connection by the Committee shall be final, binding and conclusive. The obligations of the Company and your rights are subject to all applicable laws, rules and regulations. Furthermore, if Grantee is an "insider" (as defined by the Securities Exchange Commission), Grantee agrees that Grantee will not exercise this Stock Option during the six (6) months following the Date of Grant.