Restrictions on Sale or Transfer of Shares. (a) The Grantee agrees that he or she shall not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares underlying the Option unless the Shares are registered under the Securities Act of 1933, as amended (the “Securities Act”), or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities Act.
Appears in 4 contracts
Samples: Employment Agreement (Repro Med Systems Inc), Employment Agreement (Repro Med Systems Inc), Nonqualified Stock Option Award (Repro Med Systems Inc)
Restrictions on Sale or Transfer of Shares. (a) The Grantee agrees that he or she shall not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares underlying the Option unless the Shares are registered under the Securities Act of 1933, as amended (the “Securities Act”), or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities Act.
Appears in 3 contracts
Samples: Nonqualified Stock Option Award (KORU Medical Systems, Inc.), Nonqualified Stock Option Award (KORU Medical Systems, Inc.), Nonqualified Stock Option Award (KORU Medical Systems, Inc.)
Restrictions on Sale or Transfer of Shares. (a) The Grantee agrees that he or she shall the Grantee will not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares shares of Company Stock underlying the Option unless the Shares shares of Company Stock are registered under the Securities Act of 1933, as amended (the “Securities 1933 Act”), or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities 1933 Act.
Appears in 2 contracts
Samples: Nonqualified Stock Option Grant Agreement (Nutri System Inc /De/), Nonqualified Stock Option Grant Agreement (Nutri System Inc /De/)
Restrictions on Sale or Transfer of Shares. (a) The Grantee Participant agrees that he or she shall not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares shares of Stock underlying the Option unless the Shares shares of Stock are registered under the Securities Act of 1933, as amended (the “Securities Act”), ) or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities Act.
Appears in 2 contracts
Samples: Nonstatutory Stock Option Grant (Worldgate Communications Inc), Nonstatutory Stock Option Grant (Worldgate Communications Inc)
Restrictions on Sale or Transfer of Shares. (a) The Grantee agrees that he or she shall will not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares shares of Company Stock underlying the Option unless the Shares shares of Company Stock are registered under the Securities Act of 1933, as amended (the “Securities 1933 Act”), or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities 1933 Act.
Appears in 2 contracts
Samples: Nonqualified Stock Option Grant Agreement (Nutri System Inc /De/), Nonqualified Stock Option Grant Agreement (Nutri System Inc /De/)
Restrictions on Sale or Transfer of Shares. (a) The Grantee agrees that he or she shall will not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares shares underlying the Option this grant unless the Shares shares are registered under the Securities Act of 1933, as amended (the “Securities 1933 Act”), or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities 1933 Act.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Nutri System Inc /De/), Restricted Stock Award Agreement (Nutri System Inc /De/)
Restrictions on Sale or Transfer of Shares. (a) The Grantee agrees that he or she shall will not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares shares underlying the Option this Grant unless the Shares shares are registered under the Securities Act of 1933, as amended (the “Securities 1933 Act”), or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities 1933 Act.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Nutri System Inc /De/)
Restrictions on Sale or Transfer of Shares. (a) The Grantee Participant agrees that he or she shall not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares shares of Company Stock underlying the Option unless the Shares shares of Company Stock are registered under the Securities Act of 1933, as amended (the “Securities Act”), ) or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities Act.
Appears in 1 contract
Samples: American Water Works Company, Inc.
Restrictions on Sale or Transfer of Shares. (a) The Grantee agrees that he or she shall will not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares shares underlying the Option this grant unless the Shares shares are registered under the Securities Act of 1933, as amended (the “Securities Act”), or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities Act.
Appears in 1 contract
Samples: Restricted Stock Inducement Award Agreement (Nutri System Inc /De/)
Restrictions on Sale or Transfer of Shares. (a) The Grantee agrees that he or she shall will not sell, transfer, pledge, donate, assign, mortgage, hypothecate or otherwise encumber the Shares shares underlying the Option this grant unless the Shares shares are registered under the Securities Act of 1933, as amended (the “Securities Act”), ) or the Company is given an opinion of counsel reasonably acceptable to the Company that such registration is not required under the Securities Act.
Appears in 1 contract
