Restrictions on Disposition of Stock. All shares acquired by Director pursuant to this Agreement shall be subject to all restrictions on sale generally applicable to common shares of the Company, if any. All shares issued to Director under this Agreement shall contain a legend on the reverse side containing such restrictions as may be required in connection with the transfer of such shares under State or Federal law, or under the Bylaws of the Company.
Appears in 3 contracts
Samples: Stock Warrant Agreement (Allied Bancshares Inc), Nonqualified Stock Option Agreement (Mountain Bancshares Inc), Stock Warrant Agreement (Mountain Bancshares Inc)
Restrictions on Disposition of Stock. All shares acquired by Director Employee pursuant to this Agreement shall be subject to all restrictions on sale generally applicable to common shares of the Company, if any. All shares issued to Director Employee under this Agreement shall contain a legend on the reverse side containing such restrictions as may be required in connection with the transfer of such shares under State or Federal law, or under the Bylaws By-laws of the Company.
Appears in 2 contracts
Samples: Qualified Incentive Stock Option Agreement (Southern Heritage Bancorp Inc), Qualified Stock Option Agreement (Southern Heritage Bancorp Inc)
Restrictions on Disposition of Stock. All shares acquired by Director pursuant to this Agreement shall be subject to all restrictions on sale generally applicable to common shares of the Company, if any. All shares issued to Director under this Agreement shall contain a legend on the reverse side containing such restrictions as may be required in connection with the transfer of such shares under State or Federal law, or under the Bylaws By-laws of the Company.
Appears in 1 contract
Samples: Qualified Stock Option Agreement (Southern Heritage Bancorp Inc)
