Common use of Legended Shares Clause in Contracts

Legended Shares. Grantee understands and acknowledges that the certificates representing any shares of Common Stock purchased by Grantee regarding the Option being granted hereunder, may have a legend placed on such certificates indicating that the shares represented by such certificates are subject to certain restrictions imposed under Federal and state securities laws, as well as by the Company and its shareholders pursuant to formal agreement.

Appears in 3 contracts

Samples: Stock Option Agreement (Petsvetsandyou Com Inc), Stock Option Agreement (Petsvetsandyou Com Inc), Stock Option Agreement (Petsvetsandyou Com Inc)

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Legended Shares. Grantee understands Granxxx xxxerstands and acknowledges that the certificates representing any shares of Common Stock purchased by Grantee regarding the Option Stock Options being granted hereunder, may have a legend placed on such certificates indicating that the shares represented by such certificates are subject to certain restrictions imposed under Federal and state securities laws, as well as by the Company and its shareholders pursuant to formal agreement.

Appears in 1 contract

Samples: Stock Option Agreement (Faro Technologies Inc)

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