Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Former 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 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the Securities Act registration requirements is available thereunder, and (ii) the Former 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.
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (Humascan Inc), Nonqualified Stock Option Agreement (Humascan Inc), Nonqualified Stock Option Agreement (Humascan Inc)
Restriction on Transfer of Option Shares. (1) Anything in this Agreement to the contrary notwithstanding, the Former 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 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the Securities Act registration requirements is available thereunder, and (ii) the Former 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.
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. (a) Anything in this Agreement to the contrary notwithstanding, the Former 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 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the Securities Act registration requirements is available thereunder, and (ii) the Former 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.
Appears in 3 contracts
Samples: Stock Option Agreement (Intercom Systems Inc), Stock Option Agreement (Golf Rounds Com Inc), Stock Option Agreement (Quikbiz Internet Group Inc)
Restriction on Transfer of Option Shares. (a) Anything in this Agreement to the contrary notwithstanding, the Former Director 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 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the Securities Act registration requirements is available thereunder, and (ii) the Former Director 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.
Appears in 2 contracts
Samples: Stock Option Agreement (Shochet Holding Corp), Stock Option Agreement (Prime Cellular Inc)
Restriction on Transfer of Option Shares. (a) Anything in this Agreement to the contrary notwithstanding, the Former 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 Securities 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the Securities 1933 Act registration requirements is available thereunder, and (ii) the Former 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.
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. 11.1 Anything in this Agreement to the contrary notwithstanding, the Former 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 Securities 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the Securities 1933 Act registration requirements is available thereunder, and (ii) the Former 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.
Appears in 2 contracts
Samples: Stock Option Agreement (Worlds Inc), Stock Option Agreement (Worlds Inc)
Restriction on Transfer of Option Shares. (a) Anything in this Agreement to the contrary notwithstanding, the Former Director 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 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the Securities Act registration requirements is available thereunder, and (ii) the Former Director 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.
Appears in 1 contract
Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Former Director 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 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the Securities Act registration requirements is available thereunder, and (ii) the Former Director 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.
Appears in 1 contract
Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Former 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 Securities 1933 Act, or in the event that they are not so registered, unless (i) an exemption from the Securities 1933 Act registration requirements is available thereunder, and (ii) the Former 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.
Appears in 1 contract
Samples: Qualified Stock Option Agreement (Movie Star Inc /Ny/)
Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Former Director 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 the Employee without registration under the Securities Act, or in the event that they are not so registered, unless (i) an exemption from the Securities Act registration requirements is available thereunder, and (ii) the Former Director 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.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Frederick's of Hollywood Group Inc /Ny/)
Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Former Director Executive 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 Securities Act, or in the event that they are not so registered, unless (i) they have been registered under the Act or (ii) an exemption from the Securities Act registration requirements of the Act is available thereunder, thereunder and (ii) the Former Director Executive has furnished the Company Employer with notice of such proposed transfer and the Company's an opinion of legal counsel, in its reasonable opinion, shall deem counsel that such proposed transfer to be is so exempt.
Appears in 1 contract
Restriction on Transfer of Option Shares. (a) Anything in this Agreement to the contrary notwithstanding, the Former Director 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 Securities Act, or in the event that they are not so registered, unless (i) an exemption from the Securities Act registration requirements is available thereunder, and (ii) the Former Director 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.
Appears in 1 contract
Samples: Stock Option Agreement (Quikbiz Internet Group Inc)