Common use of Restrictions on Sale of Shares Clause in Contracts

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's exercise of the Option in whole or part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will furnish to the Company a duly completed and signed written statement to such effect, satisfactory to the Company in the form and substance of the Stockholders Certificate attached to this Option. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Section 5 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in the form and substance of the Election to Purchase.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's exercise of the Option in whole or in part, unless there is in effect at that time under the Securities Act of 1933 as amended, a registration statement relating to the shares issued to himOptionee, he Optionee will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will furnish to Xxxx and the Company a duly completed and signed written statement to of such effect, satisfactory to Xxxx and the Company in the form and substance of the Stockholders Certificate attached to this Optionsubstance. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option option under the provisions of Section 5 Paragraphs 7 and 8 hereof shall, upon each exercise of the Option option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Xxxx and the Company a written statement to the same effect, satisfactory to Xxxx and the Company in the form and substance of the Election to Purchase.substance. Incentive Stock Option Agreement R. Xxxx Xxxxxx, Jr. August 9, 1995

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon Optionee's his exercise of the Option Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof Optionee he will furnish to the Company a duly completed and signed written statement to such effect, satisfactory to the Company in the form and substance substance. The Company agrees that it will use its best efforts to file a Registration Statement on Form S-8 or other applicable form so as to enable Optionee to sell shares issued upon exercise of the Stockholders Certificate attached to this Option. Optionee agrees that any certificates certificate issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities lawlaw and with this Agreement. Any person or persons entitled to exercise this Option under the provisions of Section 5 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in the form and substance of the Election to Purchasesubstance.

Restrictions on Sale of Shares. Optionee represents and agrees that, upon Optionee's exercise of the Option in whole or part, unless there is in effect at that time under the Securities Act of 1933 a registration statement relating to the shares issued to him, he will acquire the shares issuable upon exercise of this Option for the purpose of investment and not with a view to their resale or further distribution, and that upon each exercise thereof Optionee will furnish to the Company a duly completed and signed written statement to such effect, satisfactory to the Company in the form and substance of the Stockholders Certificate attached to this Option. Optionee agrees that any certificates issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or federal securities law. Any person or persons entitled to exercise this Option under the provisions of Section 5 hereof shall, upon each exercise of the Option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to the Company a written statement to the same effect, satisfactory to the Company in the form and substance of the Election to Purchase. 9.

Restrictions on Sale of Shares. Optionee represents and agrees that, that upon Optionee's exercise of the Option Option, in whole or in part, unless there is in effect at that time under the Securities Act of 1933 1933, as amended (the "Securities Act"), a registration statement relating to the shares issued to himOptionee, he Optionee will acquire the shares issuable upon exercise of this Option option for the purpose of investment and not with a view to their resale or further distribution, and that upon each such exercise thereof Optionee will furnish to Xxxx and the Company a duly completed and signed written statement to such effect, satisfactory to Xxxx and the Company in the form and substance of the Stockholders Certificate attached to this Optionsubstance. Optionee agrees that any certificates certificate issued upon exercise of this Option may bear a legend indicating that their transferability is restricted in accordance with applicable state or and federal securities law. Any person or persons entitled to exercise this Option under the provisions of Section 5 Paragraphs 7 and 8 hereof shall, upon each exercise of the Option option under circumstances in which Optionee would be required to furnish such a written statement, also furnish to Xxxx and the Company a written statement to the same effect, satisfactory to Xxxx and the Company in the form and substance of the Election to Purchasesubstance.