Sale of Restricted Stock. Grantee agrees that Grantee shall not sell the Restricted Stock and that the Company shall not be obligated to deliver any shares of Common Stock if counsel to the Company determines that such sale or 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 delivery of shares of Common Stock to comply with any such law, rule, regulation or agreement.
Appears in 4 contracts
Samples: Incentive Plan (Edge Petroleum Corp), Restricted Stock Award Agreement (Edge Petroleum Corp), Restricted Stock Award Agreement (Edge Petroleum Corp)
