Common use of Purchase for Own Account for Investment Clause in Contracts

Purchase for Own Account for Investment. The shares of Common Stock covered by this Stock Award will be acquired for the Participant’s own account for investment purposes only and not with a view to, or for sale in connection with, a distribution of such shares within the meaning of the Securities Act of 1933, as amended (the “Securities Act”). The Participant has no present intention of selling or otherwise disposing of all or any portion of such shares.

Appears in 3 contracts

Samples: Stock Award Agreement (KMG America CORP), Stock Award Agreement (KMG America CORP), Stock Award Agreement (KMG America CORP)

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Purchase for Own Account for Investment. The shares Any Shares of Common Stock covered by this Stock acquired pursuant to the Award will shall be acquired for the Participant’s own account for investment purposes only and not with a view to, or for sale in connection with, a distribution of such shares the Shares within the meaning of the Securities Act of 1933, as amended (the “Securities Act”). The Participant has no present intention of selling or otherwise disposing of all or any portion of such sharesthe Shares subject to the Award.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Targacept Inc)

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