Common use of Restriction on Issuance of Shares Clause in Contracts

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate for Shares purchased upon the exercise of an Option prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares reserved for issuance upon exercise of Options shall not then be registered under the Securities Act of 1933, the Company may, upon Director’s exercise of the Option, require Director or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx the certificate for the Shares with a legend restricting transfer and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of an Option Award prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares shares reserved for issuance upon exercise of Options Awards shall not then be registered under the Securities Act of 1933, 1933 the Company may, upon Director’s Employee's exercise of the Optionan Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx mark the certificate for the Shares with a legend restricting transfer and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of covered by an Option Award prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares shares reserved for issuance upon exercise of Options Awards shall not then be registered under the Securities Act of 1933, the Company may, upon Director’s exercise Employee's receipt of the Optionan Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx the certificate for the Shares with a legend restricting transfer and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of covered by an Option Award prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares shares reserved for issuance upon exercise of Options Awards shall not then be registered under the Securities Act of 1933, 1933 the Company may, upon Director’s exercise Employees receipt of the Optionan Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx the certificate for the Shares with a legend restricting transfer and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of covered by an Option Award prior to the obtaining of any approval from any governmental agency which that the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares or their offering or sale under any state or federal law or ruling or regulations of any governmental body which that the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if the offering and sale of Shares reserved for issuance upon exercise of Options pursuant to this Award shall not then be registered under the Securities Act of 1933, as amended, the Company may, upon DirectorEmployee’s exercise receipt of the OptionShares issued pursuant to this Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx the certificate for the Shares with a legend restricting transfer and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of an Option prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or law, ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares reserved for issuance upon exercise of Options shall not then be registered under the Securities Act of 1933, the Company may, upon Director’s Employee's exercise of the any Option, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx the certificate for the Shares with a legend restricting transfer and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of covered by an Option Award prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares shares reserved for issuance upon exercise of Options Awards shall not then be registered under the Securities Act of 1933, 1933 the Company may, upon Director’s exercise Employees receipt of the Optionan Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx mark the certificate for the Shares with a legend restricting restrictxxx transfer and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of covered by an Option Award prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares shares reserved for issuance upon exercise of Options Awards shall not then be registered under the Securities Act of 1933, the Company may, upon Director’s exercise Employee's receipt of the Optionan Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx mark the certificate for the Shares with a legend restricting transfer traxxxxr and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of an Option Award prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares shares reserved for issuance upon exercise of Options Awards shall not then be registered under the Securities Act of 1933, 1933 the Company may, upon Director’s Employee's exercise of the Optionan Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx the certificate for the Shares with a legend restricting transfer and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of covered by an Option Award prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares shares reserved for issuance upon exercise of Options Awards shall not then be registered under the Securities Act of 1933, 1933 the Company may, upon Director’s exercise Employees receipt of the Optionan Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx mark the certificate for the Shares with a legend restricting transfer traxxxxr and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of an Option Award prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares shares reserved for issuance upon exercise of Options Awards shall not then be registered under the Securities Act of 1933, 1933 the Company may, upon Director’s Employee's exercise of the Optionan Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx mark the certificate for the Shares with a legend restricting transfer traxxxxr and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of an Option prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or law, ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares reserved for issuance upon exercise of Options shall not then be registered under the Securities Act of 1933, the Company may, upon Director’s Employee's exercise of the any Option, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx mark the certificate for the Shares with a legend restricting restricxxxx transfer and may issue stop transfer orders relating to such certificate to the transfer agent.

Restriction on Issuance of Shares. The Company shall not be required to issue or deliver any certificate certificates for Shares purchased upon the exercise of an Option Award prior to the obtaining of any approval from any governmental agency which the Company shall, in its sole discretion, determine to be necessary or advisable, and the completion of any registration or other qualification of such Shares under any state or federal law or law, ruling or regulations of any governmental body which the Company shall, in its sole discretion, determine to be necessary or advisable. In addition, if Shares reserved for issuance upon exercise of Options Awards shall not then be registered under the Securities Act of 1933, the Company may, upon DirectorEmployee’s exercise of the Optionany Award, require Director Employee or his permitted transferee to represent in writing that the Shares being acquired are for investment and not with a view to distribution, and may xxxx the certificate for the Shares with a legend restricting transfer and may issue stop transfer orders relating to such certificate to the transfer agent.