Common use of Restriction on Exercise Clause in Contracts

Restriction on Exercise. This Option may not be exercised if the issuance of such shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or regulation. As a condition to the exercise of this Option, the Corporation may require Optionee to make any representation and warranty to the Corporation as may be required by any applicable law or regulation. All exercises of the Option must be for full shares of Stock only.

Appears in 9 contracts

Samples: Stock Option Agreement (Universal Electronics Inc), Stock Option Agreement (Universal Electronics Inc), Stock Option Agreement (Universal Electronics Inc)

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Restriction on Exercise. This Option may not be exercised if the issuance of such shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or regulation. As a condition to the exercise of this Option, the Corporation Company may require Optionee to make any representation and warranty to the Corporation Company as may be required by any applicable law or regulation. All exercises of the Option must be for full shares of Stock only.

Appears in 7 contracts

Samples: Vested Stock Option Agreement (Privatebancorp, Inc), Stock Option Agreement (Privatebancorp Inc), Stock Option Agreement (Privatebancorp Inc)

Restriction on Exercise. This Option may not be exercised if the issuance of such the shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities law or other law or regulation. As a condition to the exercise of this Option, the Corporation may require Optionee the person exercising this Option to make any representation and representative or warranty to the Corporation as may be required by any applicable law or regulation. All exercises of the Option must be for full shares of Stock only.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Fidelity Bancorp Inc), Non Incentive Stock Option Agreement (Fidelity Bancorp Inc), Non Incentive Stock Option Agreement (GFSB Bancorp Inc)

Restriction on Exercise. This Notwithstanding anything contained herein to the contrary, this Option may not be exercised if the issuance of such shares upon such exercise or the method of payment of consideration for such shares Option Shares would constitute a violation of any applicable federal or state securities laws or other law applicable laws or regulationregulations. As a condition to the exercise of this the Option, the Corporation Company may require Optionee the person exercising the Option to make any representation such representations and warranty agree to the Corporation such covenants as may be required by any applicable law or regulation. All exercises of the Option must be for full shares of Stock only.

Appears in 2 contracts

Samples: Common Stock Option and Agreement (Advanced Viral Research Corp), Common Stock Option and Agreement (Advanced Viral Research Corp)

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Restriction on Exercise. This Option may not be exercised if the issuance of such shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or regulation. As a condition to the exercise of this Option, the Corporation Company may require Optionee to make any representation and warranty to the Corporation Company as may be required reasonably determined by the Company as necessary to ensure compliance with any applicable law or regulation. All exercises of the Option must be for full shares of Stock only.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Maf Bancorp Inc)

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