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

Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered under the 1933 Act, or in the event that they are not so registered, an exemption from the 1933 Act registration requirements is available thereunder and 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, and (ii) such transfer is in compliance with the Company’s Ixxxxxx Xxxxxxx Policy, as in effect at such time.

Appears in 3 contracts

Samples: Stock Option Agreement (Thomas Philip J.), Stock Option Agreement (Long Island Iced Tea Corp.), Stock Option Agreement (Long Island Iced Tea Corp.)

AutoNDA by SimpleDocs

Restriction on Transfer of Option Shares. 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 unless (i) the Option Shares are registered 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 thereunder, (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, and (iiiii) such transfer is in compliance with the Company’s Ixxxxxx Xxxxxxx Xxxxxxx Policy, as in effect at such time.

Appears in 3 contracts

Samples: Stock Option Agreement (Mojo Organics, Inc.), Stock Option Agreement (Kitara Media Corp.), Stock Option Agreement (Mojo Organics, Inc.)

Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered 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 thereunder, (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, and (iiiii) such transfer is in compliance with the Company’s Ixxxxxx Xxxxxxx 's Insider Trading Policy, as in effect at such time.

Appears in 2 contracts

Samples: Stock Option Agreement (August Arthur), Stock Option Agreement (Cpi Aerostructures Inc)

Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered under the 1933 Act, or in the event that they are not so registered, an exemption from the 1933 Act registration requirements is available thereunder and 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, and (ii) such transfer is in compliance with the Company’s Ixxxxxx Xxxxxxx Xxxxxxx Policy, as in effect at such time.

Appears in 2 contracts

Samples: Stock Option Agreement (Long Island Iced Tea Corp.), Stock Option Agreement (Propel Media, Inc.)

Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Employee Grantee hereby agrees that he they shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered under the 1933 Act, or in the event that they are not so registered, an exemption from the 1933 Act registration requirements is available thereunder and the Employee Grantee 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, and (ii) such transfer is in compliance with the Company’s Ixxxxxx Xxxxxxx Policy, as in effect at such time.

Appears in 2 contracts

Samples: Stock Option Agreement (Lucid Diagnostics Inc.), Stock Option Agreement (PAVmed Inc.)

Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered under the 1933 Act, or in the event that they are not so registered, an exemption from the 1933 Act registration requirements is available thereunder and 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, and (ii) such transfer is in compliance with the Company’s Ixxxxxx Inxxxxx Xxxxxxx PolicyXolicy, as in effect at such time.

Appears in 1 contract

Samples: Stock Option Agreement (Thomas Philip J.)

Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered 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 thereunder, (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, and (iiiii) such transfer is in compliance with the Company’s Ixxxxxx Xxxxxxx Xxxxxxx Policy, as in effect at such time.

Appears in 1 contract

Samples: Stock Option Agreement (Cpi Aerostructures Inc)

AutoNDA by SimpleDocs

Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered Employee 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 thereunder, (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, ; and (iiiii) such transfer is in compliance with the Company’s Ixxxxxx Xxxxxxx Policy, as in effect at such time.

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 Employee Holder hereby agrees that he it shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered it 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 thereunder, (ii) the Employee Holder 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, and (iiiii) such transfer is in compliance with the Company’s Ixxxxxx Xxxxxxx Xxxxxxx Policy, as in effect at such time.

Appears in 1 contract

Samples: Stock Option Agreement (Ledecky Jonathan J)

Restriction on Transfer of Option Shares. Anything in this Agreement to the contrary notwithstanding, the Employee hereby agrees that he the Employee shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered Employee 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 thereunder, (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, exempt and (iiiii) such transfer is in compliance with the Company’s Ixxxxxx Xxxxxxx Xxxxxxx Policy, as in effect at such time.

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 Employee hereby agrees that he shall not sell, transfer by any means or otherwise dispose of the Option Shares acquired by him unless (i) the Option Shares are registered 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 thereunder, (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, and (iiiii) such transfer is in compliance with the Company’s Ixxxxxx 's Xxxxxxx Xxxxxxx Policy, as in effect at such time.

Appears in 1 contract

Samples: Stock Option Agreement (Cpi Aerostructures Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!