Common use of Registration of Option Shares Clause in Contracts

Registration of Option Shares. All shares of Class A common stock issuable upon exercise of options under the option plans, including the shares that will be issuable upon exercise of new options, have been registered under the Securities Act of 1933 on a registration statement on Form S-8 filed with the SEC. Unless you are considered an "affiliate" of Casella, you will be able to sell your option shares free of any transfer restrictions under applicable securities laws.

Registration of Option Shares. All shares of Class A common stock issuable upon exercise of options under the option plans1997 Plan, including the shares that will be issuable upon exercise of new optionsall New Options, have been registered under the Securities Act of 1933 on a registration statement Registration Statements on Form S-8 filed with the SEC. Unless you are considered an "affiliate" of Casellaours, you will be able to sell XXX shares you acquire by exercising your option shares New Option free of any transfer restrictions under applicable United States securities laws.