Common use of Restrictions Imposed by Law Clause in Contracts

Restrictions Imposed by Law. The Grantee agrees that the Company will not be obligated to deliver any shares of Stock to the Grantee if counsel to the Company determines that such delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the issuance or delivery of shares of Stock to comply with any such law, rule, regulation or agreement.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Redwire Corp), Restricted Stock Unit Award Agreement (Redwire Corp), Omnibus Incentive Plan (Redwire Corp)

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Restrictions Imposed by Law. The Grantee agrees that the Company will not be obligated to deliver any shares of Common Stock to the Grantee if counsel to the Company determines that such delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the issuance or delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Gulfport Energy Corp), Restricted Stock Unit Award Agreement (Gulfport Energy Corp), Restricted Stock Unit Award Agreement (Gulfport Energy Corp)

Restrictions Imposed by Law. The Grantee agrees that the Company will not be obligated to deliver any shares of Stock Shares to the Grantee if counsel to the Company determines that such delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Stock is Shares are listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the issuance or delivery of shares of Stock Shares to comply with any such law, rule, regulation or agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (KORE Group Holdings, Inc.), Restricted Stock Unit Award Agreement (KORE Group Holdings, Inc.)

Restrictions Imposed by Law. The Notwithstanding any other provision of this Agreement, the Grantee agrees that the Company will not be obligated to deliver any shares of Stock to the Grantee if counsel to the Company determines that such exercise, delivery or payment would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of between the Company with, and any national securities exchange or association upon which the Stock is listed listed. As a condition to the settlement of the RSUs, the Company may require the Grantee to satisfy any qualifications that may be necessary or quoted. The Company shall in no event be obligated appropriate to take any affirmative action in order to cause the issuance or delivery of shares of Stock to comply evidence compliance with any such law, rule, regulation applicable law or agreementregulation.

Appears in 1 contract

Samples: Restricted Stock Unit (Industrial Services of America Inc)

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Restrictions Imposed by Law. The Grantee agrees that the Company will not be obligated to deliver any shares of Common Stock to the Grantee if counsel to the Company determines that such delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the issuance or delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement.

Appears in 1 contract

Samples: Stock Incentive Plan (Gulfport Energy Corp)

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