Common use of Restrictions and Regulations Clause in Contracts

Restrictions and Regulations. EMPLOYEE agrees that any Shares of ELCOM's ---------------------------- common stock purchased under this Stock Option Agreement will be subject to the restrictions and regulations outlined in this Agreement and that these SHARES may be subject to further restrictions and regulations. Said restrictions and regulations may be imposed at any time by ELCOM at the sole discretion of ELCOM and without the approval of EMPLOYEE. 5.1 In addition to the aforementioned restrictions, EMPLOYEE agrees that any Shares purchased by EMPLOYEE pursuant to this Agreement, shall be subject to all of the restrictions, regulations and non-dilution provisions of the ELCOM Private Placement Memorandum dated, July 12, 1996.

Restrictions and Regulations. EMPLOYEE agrees that any Shares of ---------------------------- ELCOM's ---------------------------- common stock purchased under this Stock Option Agreement will be subject to the restrictions and regulations outlined in this Agreement and that these SHARES may be subject to further restrictions and regulations. Said restrictions and regulations may be imposed at any time by ELCOM at the sole discretion of ELCOM and without the approval of EMPLOYEE. 5.1 In addition to the aforementioned restrictions, EMPLOYEE agrees that any Shares purchased by EMPLOYEE pursuant to this Agreement, shall be subject to all of the restrictions, regulations and non-dilution provisions of the ELCOM Private Placement Memorandum dated, July 12, 1996.

Restrictions and Regulations. EMPLOYEE DIRECTOR agrees that any Shares of ELCOM's ---------------------------- common stock purchased under this Stock Option Agreement will be subject to the restrictions and regulations outlined in this Agreement and that these SHARES may be subject to further restrictions and regulations. Said restrictions and regulations may be imposed at any time by ELCOM at the sole discretion of ELCOM and without the approval of EMPLOYEEDIRECTOR. 5.1 In addition to the aforementioned restrictions, EMPLOYEE DIRECTOR agrees that any Shares purchased by EMPLOYEE DIRECTOR pursuant to this Agreement, shall be subject to all of the restrictions, regulations and non-dilution provisions of the ELCOM Private Placement Memorandum dated, July 12, 1996.

Restrictions and Regulations. EMPLOYEE agrees that any Shares of ELCOM's ---------------------------- --------------------------- common stock purchased under this Stock Option Agreement will be subject to the restrictions and regulations outlined in this Agreement and that these SHARES may be subject to further restrictions and regulations. Said restrictions and regulations may be imposed at any time by ELCOM at the sole discretion of ELCOM and without the approval of EMPLOYEE. 5.1 In addition to the aforementioned restrictions, EMPLOYEE agrees that any Shares purchased by EMPLOYEE pursuant to this Agreement, shall be subject to all of the restrictions, regulations and non-dilution provisions of the ELCOM Private Placement Memorandum dated, July 12, 1996.

Restrictions and Regulations. EMPLOYEE agrees that any Shares of ---------------------------- ELCOM's ---------------------------- common stock purchased under this Stock Option Agreement will be subject to the restrictions and regulations outlined in this Agreement and that these SHARES may be subject to further restrictions and regulations. Said restrictions and regulations may be imposed at any time by ELCOM at the sole discretion of ELCOM and without the approval of EMPLOYEE. 5.1 In addition to the aforementioned restrictions, EMPLOYEE agrees that any Shares purchased by EMPLOYEE pursuant to this Agreement, shall be subject to all of the restrictions, regulations and non-dilution provisions of the ELCOM Private Placement Memorandum dated, July 12, 1996.