Restriction on Disposition. All common shares acquired by Executive -------------------------- pursuant to this Agreement shall be subject to the restrictions on sale, encumbrance and other disposition contained in the Corporation's By-Laws, or imposed by applicable state and federal laws or regulations regarding the registration or qualification of such acquisition of common shares, and may not be sold or otherwise disposed of except in accordance with applicable exemptions from registration under applicable federal and state laws or pursuant to registration thereunder.
Appears in 2 contracts
Samples: Executive Employment Agreement (Wam Net Inc), Warrant Purchase Agreement (Wam Net Inc)
Restriction on Disposition. All common shares acquired by -------------------------- Executive -------------------------- pursuant to this Agreement shall be subject to the restrictions on sale, encumbrance and other disposition contained in the Corporation's By-Laws, or imposed by applicable state and federal laws or regulations regarding the registration or qualification of such acquisition of common shares, and may not be sold or otherwise disposed of except in accordance with applicable exemptions from registration under applicable federal and state laws or pursuant to registration thereunder.
Appears in 2 contracts
Samples: Warrant Purchase Agreement (Wam Net Inc), Executive Employment Agreement (Wam Net Inc)