Common use of LEGALITY OF INITIAL ISSUANCE Clause in Contracts

LEGALITY OF INITIAL ISSUANCE. No Covered Shares shall be issued unless and until the Company has determined that: (i) the Company and the Participant have taken all actions required to register the Covered Shares under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Covered Shares are listed has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law has been satisfied.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Guaranty Bancshares Inc /Tx/), Restricted Stock Award Agreement (Powell Industries Inc), Restricted Stock Award Agreement (Powell Industries Inc)

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LEGALITY OF INITIAL ISSUANCE. No Covered Shares shall be issued unless and until the Company Committee has determined that: (i) the Company and the Participant have taken all actions required to register the Covered Shares under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Covered Shares are listed has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law Applicable Law has been satisfied.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Business First Bancshares, Inc.), Restricted Stock Award Agreement (Tapstone Energy Inc.), Restricted Stock Award Agreement (Tapstone Energy Inc.)

LEGALITY OF INITIAL ISSUANCE. No Covered Shares shall be issued unless and until the Company Committee has determined that: (i) the Company and the Participant have taken all actions required to register the Covered Shares under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Covered Shares are listed has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law has been satisfied.

Appears in 2 contracts

Samples: Employment Agreement (Warren Resources Inc), Employment Agreement (Warren Resources Inc)

LEGALITY OF INITIAL ISSUANCE. No Covered Shares shall be issued unless and until the Company has determined that: (i) the Company and the Participant Executive have taken all actions required to register the Covered Shares under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Covered Shares are listed has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other applicable law has been satisfied.

Appears in 2 contracts

Samples: Employment Agreement (Expressjet Holdings Inc), Stand Alone Restricted Stock Award Agreement (Expressjet Holdings Inc)

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LEGALITY OF INITIAL ISSUANCE. No Covered Shares shall will be issued unless and until the Company Committee has determined that: (i) the Company and the Participant have taken all actions required to register the Covered Shares under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Covered Shares are listed has been satisfied; and (iii) any other applicable provision of state or U.S. federal law or other any applicable law has been satisfied.

Appears in 1 contract

Samples: Stock Award Agreement (Postal Realty Trust, Inc.)

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