Common use of Liability for Tipping Clause in Contracts

Liability for Tipping. Insiders may also be liable for improper transactions by any person (commonly referred to as a "tippee") to whom they have disclosed nonpublic information regarding the Company or to whom they have made recommended or expressed opinions on the basis of such information as to trading in the Company's securities. The Securities and Exchange Commission (the "SEC") has imposed large penalties even when the disclosing person did not profit from the trading. The SEC, the stock exchanges and the National Association of Securities Dealers, Inc. use sophisticated electronic surveillance techniques to uncover xxxxxxx xxxxxxx.

Liability for Tipping. Insiders may also be liable for improper transactions by any person (commonly referred to as a "tippee") to whom they have disclosed nonpublic information regarding the Company or to whom they have made recommended recommendations or expressed opinions on the basis of such information as to trading in the Company's securities. The Securities and Exchange Commission (the "SEC") has imposed large penalties even when the disclosing person did not profit from the trading. The SEC, the stock exchanges and the National Association of Securities Dealers, Inc. use sophisticated electronic surveillance techniques to uncover xxxxxxx xxxxxxx.

Liability for Tipping. Insiders may also be liable for improper transactions by any person (commonly referred to as a "“tippee"”) to whom they have disclosed nonpublic information regarding the Company or to whom they have made recommended recommendations or expressed opinions on the basis of such information as to trading in the Company's ’s securities. The Securities and Exchange Commission (the "“SEC"”) has imposed large penalties even when the disclosing person did not profit from the trading. The SEC, the stock exchanges and the National Association of Securities Dealers, Inc. use sophisticated electronic surveillance techniques to uncover xxxxxxx xxxxxxx.

Liability for Tipping. Insiders may also be liable for improper transactions by any person (commonly referred to as a "“tippee"”) to whom they have disclosed nonpublic information Material Nonpublic Information regarding the Company or to whom they have made recommended recommendations or expressed opinions on the basis of such information as to trading in the Company's ’s securities. The Securities and Exchange Commission (the "“SEC"”) has imposed large penalties even when the disclosing person did not profit from the trading. The SEC, the stock exchanges and the National Association of Securities Dealers, Inc. use sophisticated electronic surveillance techniques to uncover xxxxxxx xxxxxxx.