Common use of Restricted Stock Provisions Clause in Contracts

Restricted Stock Provisions. Shares of stock issued on exercise of this Option shall upon issuance be restricted securities as such term is defined in Rule 144(a)(3) of the Securities Act of 1933, as amended. The restrictions imposed under this paragraph shall apply as well to all shares or other securities issued in respect of restricted stock in connection with any stock split, reverse stock split, stock dividend, recapitalization, reclassification, spin-off, split-off, merger, consolidation or reorganization.