Common use of Securities Law and Other Restrictions Clause in Contracts

Securities Law and Other Restrictions. Notwithstanding any other provision of the Plan or this Agreement, the Company will not be required to issue, and the Optionee may not sell, assign, transfer or otherwise dispose of, any Option Shares, unless (a) there is in effect with respect to the Option Shares a registration statement under the Securities Act of 1933, as amended, and any applicable state or foreign securities laws or an exemption from such registration, and (b) there has been obtained any other consent, approval or permit from any other regulatory body which the Committee, in its sole discretion, deems necessary or advisable. The Company may condition such issuance, sale or transfer upon the receipt of any representations or agreements from the parties involved, and the placement of any legends on certificates representing Option Shares, as may be deemed necessary or advisable by the Company in order to comply with such securities law or other restrictions.

Securities Law and Other Restrictions. Notwithstanding any other provision of the Plan or this Agreement, the Company will not be required to issue, and the Optionee Grantee may not sell, assign, transfer or otherwise dispose of, any Option Restricted Stock Award Shares, unless (a) there is in effect with respect to the Option Restricted Stock Award Shares a registration statement under the Securities Act of 1933, as amended, and any applicable state or foreign securities laws or an exemption from such registration, and (b) there has been obtained any other consent, approval or permit from any other regulatory body which the Committee, in its sole discretion, deems necessary or advisable. The Company may condition such issuance, sale or transfer upon the receipt of any representations or agreements from the parties involved, and the placement of any legends on certificates representing Option Restricted Stock Award Shares, as may be deemed necessary or advisable by the Company in order to comply with such securities law or other restrictions.

Securities Law and Other Restrictions. Notwithstanding any other provision of the Plan or this Agreement, the Company will not be required to issue, and the Optionee Grantee may not sell, assign, transfer or otherwise dispose of, any Option Restricted Stock Award Shares, unless (a) there is in effect with respect to the Option Restricted Stock Award Shares a registration statement under the Securities Act of 1933, as amended, and any applicable state or foreign securities laws or an exemption from such registration, and (b) there has been obtained any other consent, approval or permit from any other regulatory body which the Committee, in its sole discretion, deems necessary or advisable. The Company may condition such issuance, sale or transfer upon the receipt of any representations or agreements from the parties involved, and the placement of any legends on certificates representing Option Restricted Stock Award Shares, or the receipt of an opinion of counsel acceptable to the Company, as may be deemed necessary or advisable by the Company in order to comply with such securities law or other restrictions.