Restricted Legend. Upon exercise of this Option, each certificate representing the Option Shares shall bear the following legend: The shares represented by this certificate have not been registered under the Securities Act of 1933, as amended (the "Act"), or the securities laws of any state. They may not be offered for sale, sold, transferred, pledged, hypothecated or otherwise disposed of, and will not be transferred on the books and records of the Issuer, unless (i) they have been registered under the Act and under applicable state securities laws or (ii) counsel for the Issuer is of the opinion that registration under the Act and applicable state securities laws is not required.
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (Ventas Inc), Nonqualified Stock Option Agreement (Ventas Inc), Nonqualified Stock Option Agreement (Ventas Inc)
