Common use of Restriction on Transfer of Option Shares Clause in Contracts

Restriction on Transfer of Option Shares. 12.1 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 9 contracts

Samples: Stock Option Agreement (Global Telecommunication Solutions Inc), Stock Option Agreement (Global Telecommunication Solutions Inc), Stock Option Agreement (Global Telecommunication Solutions Inc)

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Restriction on Transfer of Option Shares. 12.1 (a) Anything in this Agreement to the contrary notwithstanding, Employee Optionee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Optionee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 (b) Anything in this Agreement to the contrary notwithstanding, Employee Optionee hereby agrees that that, if he is, or at any time hereinafter becomes, an employee or director of the Company or any subsidiary thereof, he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 4 contracts

Samples: Stock Option Agreement (Global Telecommunication Solutions Inc), Stock Option Agreement (Global Telecommunication Solutions Inc), Stock Option Agreement (Global Telecommunication Solutions Inc)

Restriction on Transfer of Option Shares. 12.1 (a) Anything in this Agreement to the contrary notwithstanding, Employee the Director hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him or her without registration under the 1933 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Securities Act registration requirements is available thereunder, and (ii) the Employee Director has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 (b) Anything in this Agreement to the contrary notwithstanding, Employee the Director hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with the Company's policy, if any, regarding the regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 3 contracts

Samples: Stock Option Agreement (Golf Rounds Com Inc), Stock Option Agreement (Intercom Systems Inc), Stock Option Agreement (Golf Rounds Com Inc)

Restriction on Transfer of Option Shares. 12.1 (1) Anything in this Agreement to the contrary notwithstanding, Employee the Director hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him or her without registration under the 1933 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Securities Act registration requirements is available thereunder, and (ii) the Employee Director has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 (2) Anything in this Agreement to the contrary notwithstanding, Employee the Director hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with the Company's policy, if any, regarding the regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 3 contracts

Samples: Stock Option Agreement (Golf Rounds Com Inc), Stock Option Agreement (Golf Rounds Com Inc), Stock Option Agreement (Golf Rounds Com Inc)

Restriction on Transfer of Option Shares. 12.1 (a) Anything in this Agreement to the contrary notwithstanding, Employee Director hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Director has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 (b) Anything in this Agreement to the contrary notwithstanding, Employee Director hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (Big City Bagels Inc), Stock Option Agreement (Big City Bagels Inc)

Restriction on Transfer of Option Shares. 12.1 Anything in this Agreement to the contrary notwithstanding, Employee the Optionee hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him or her without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Optionee has furnished the Company with notice of such proposed transfer and the Company's ’s legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 Anything in this Agreement to the contrary notwithstanding, Employee Optionee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, ’s policy regarding the sale and disposition of securities owned by employees and/or directors of the CompanyCompany insiders.

Appears in 2 contracts

Samples: Stock Option Agreement (Cpi Aerostructures Inc), Stock Option Agreement (Rosenfeld Eric)

Restriction on Transfer of Option Shares. 12.1 (a) Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Securities Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 (b) Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with the Company's policy, if any, regarding the regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (Shochet Holding Corp), Stock Option Agreement (Prime Cellular Inc)

Restriction on Transfer of Option Shares. 12.1 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 . Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Global Telecommunication Solutions Inc)

Restriction on Transfer of Option Shares. 12.1 11.1 Anything in this Agreement to the contrary notwithstanding, Employee Consultant hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Consultant has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2 Anything in this Agreement to the contrary notwithstanding, Employee Consultant hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Global Telecommunication Solutions Inc)

Restriction on Transfer of Option Shares. 12.1 (a) Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him or her without registration under the 1933 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Securities Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 (b) Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) or her except in accordance with the Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Quikbiz Internet Group Inc)

Restriction on Transfer of Option Shares. 12.1 Anything in this Agreement to the contrary notwithstanding, Employee the Optionee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Optionee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 Anything in this Agreement to the contrary notwithstanding, Employee the Optionee hereby agrees that that, if he is, or at any time hereinafter becomes, an employee or director of the Company or any subsidiary thereof, he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Global Telecommunication Solutions Inc)

Restriction on Transfer of Option Shares. 12.1 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, Xxxxxxx Xxxxxxx Policy regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Gbi Capital Management Corp)

Restriction on Transfer of Option Shares. 12.1 11.1 Anything in this Agreement to the contrary notwithstanding, Employee Consultant hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Consultant has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2 Anything in this Agreement to the contrary notwithstanding, Employee Consultant hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, Xxxxxxx Xxxxxxx Policy regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Worlds Inc)

Restriction on Transfer of Option Shares. 12.1 Anything in this Agreement to the contrary notwithstanding, Employee Optionee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Optionee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 Anything in this Agreement to the contrary notwithstanding, Employee the Optionee hereby agrees that that, if he is, or at any time hereinafter becomes, an employee or director of the Company or any subsidiary thereof, he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Global Telecommunication Solutions Inc)

Restriction on Transfer of Option Shares. 12.1 13.1 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's ’s legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 13.2 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, ’s Ixxxxxx Xxxxxxx Policy regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Ladenburg Thalmann Financial Services Inc)

Restriction on Transfer of Option Shares. 12.1 11.1 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, Xxxxxxx Xxxxxxx Policy regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Worlds Inc)

Restriction on Transfer of Option Shares. 12.1 11.1 Anything in this Agreement to the contrary notwithstanding, Employee Director hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Director has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2 Anything in this Agreement to the contrary notwithstanding, Employee Director hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, Insider Trading Policy regarding the sale and disposition of securities owned by employees securitixx xxxxx xx xxxloyees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Worlds Inc)

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Restriction on Transfer of Option Shares. 12.1 11.1 Anything in this Agreement to the contrary notwithstanding, Employee Executive hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Executive has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2 Anything in this Agreement to the contrary notwithstanding, Employee Executive hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, Insider Trading Policy regarding the sale and disposition of securities owned by employees securitxxx xxxxx xx xxployees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Kirlin Holding Corp)

Restriction on Transfer of Option Shares. 12.1 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, Insider Trading Policy regarding the sale and disposition of securities owned by employees securitxxx xxxxx xx xxployees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Ladenburg Thalmann Financial Services Inc)

Restriction on Transfer of Option Shares. 12.1 11.1 Anything in this Agreement to the contrary notwithstanding, Employee Consultant hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Consultant has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2 Anything in this Agreement to the contrary notwithstanding, Employee Consultant hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, insider trading policy regarding the sale and disposition of securities owned by employees securitxxx xxxxx xx xxployees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Worlds Inc)

Restriction on Transfer of Option Shares. 12.1 11.1. Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2. Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Global Telecommunication Solutions Inc)

Restriction on Transfer of Option Shares. 12.1 (a) Anything in this Agreement to the contrary notwithstanding, the Employee hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him or her without registration under the 1933 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Securities Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 (b) Anything in this Agreement to the contrary notwithstanding, the Employee hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with the Company's policy, if any, regarding the regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Intercom Systems Inc)

Restriction on Transfer of Option Shares. 12.1 11.1 Anything in this Agreement to the contrary notwithstanding, Employee Director hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Director has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2 Anything in this Agreement to the contrary notwithstanding, Employee Director hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, Insider Trading Policy regarding the sale and disposition of securities owned by employees securitiex xxxxx xx xxxxoyees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Worlds Inc)

Restriction on Transfer of Option Shares. 12.1 11.1. Anything in this Agreement to the contrary notwithstanding, Employee Optionee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Optionee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2. Anything in this Agreement to the contrary notwithstanding, Employee Optionee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees Optionee and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Advanced Plant Pharmaceuticals Inc)

Restriction on Transfer of Option Shares. 12.1 11.1 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 11.2 Anything in this Agreement to the contrary notwithstanding, Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, xxxxxxx xxxxxxx policy regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Worlds Inc)

Restriction on Transfer of Option Shares. 12.1 (a) Anything in this Agreement to the contrary notwithstanding, Employee the Director hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him or her without registration under the 1933 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Securities Act registration requirements is available thereunder, and (ii) the Employee Director has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 (b) Anything in this Agreement to the contrary notwithstanding, Employee the Director hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) or her except in accordance with the Company's policy, if any, regarding the regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Quikbiz Internet Group Inc)

Restriction on Transfer of Option Shares. 12.1 10.1 Anything in this Agreement to the contrary notwithstanding, Employee Optionee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him without registration under the 1933 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Securities Act registration requirements is available thereunder, thereunder and (ii) the Employee Optionee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 10.2 Anything in this Agreement to the contrary notwithstanding, Employee the Optionee hereby agrees that that, if he is, or at any time hereinafter becomes, an employee or director of the Company or any subsidiary thereof, he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, regarding the sale and disposition of securities owned by employees and/or directors of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (First Look Media Inc)

Restriction on Transfer of Option Shares. 12.1 12.1. Anything in this Agreement to the contrary notwithstanding, Employee the Optionee hereby agrees that he or she shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him or her without registration under the 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the 1933 Act registration requirements is available thereunder, and (ii) the Employee Optionee has furnished the Company with notice of such proposed transfer and the Company's legal counsel, in its reasonable opinion, shall deem such proposed transfer to be so exempt. 12.2 12.2. Anything in this Agreement to the contrary notwithstanding, Employee Optionee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him (i) prior to six months after the Grant Date and (ii) except in accordance with Company's policy, if any, policy regarding the sale and disposition of securities owned by employees and/or directors of the CompanyCompany insiders.

Appears in 1 contract

Samples: Stock Option Agreement (Rosenfeld Eric)

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