Common use of Securities Law and Other Restrictions Clause in Contracts

Securities Law and Other Restrictions. Notwithstanding any other provision of this Agreement or any agreements entered into pursuant to this Agreement, the Company will not be required to issue any shares of Common Stock under this Agreement, and the Employee may not sell, assign, transfer or otherwise dispose of shares of Common Stock issued pursuant to the Option, unless (a) there is in effect with respect to such shares a registration statement under the Securities Act and any applicable state or foreign securities laws or an exemption from such registration under the Securities Act and applicable state or foreign securities laws, and (b) there has been obtained any other consent, approval or permit from any other regulatory body which the Board, 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 shares of Common Stock, 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 this Agreement the Plan or any agreements entered into pursuant to this Agreementthe Plan, the Company will not be required to issue any shares of Common Stock under this AgreementPlan, and the Employee a Participant may not sell, assign, transfer or otherwise dispose of shares of Common Stock issued pursuant to Incentive Awards granted under the OptionPlan, unless (ai) there is in effect with respect to such shares a registration statement under the Securities Act and any applicable state or foreign securities laws or an exemption from such registration under the Securities Act and applicable state or foreign securities laws, and (bii) there has been obtained any other consent, approval or permit from any other regulatory body which the BoardCommittee, 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 shares of Common Stock, 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 this Agreement or any agreements entered into pursuant to this Agreement, the Company will not be required to issue any shares of Common Stock under this Agreement, and the Employee may not sell, assign, transfer or otherwise dispose of shares of Common Stock issued pursuant to the an Option, unless (a) there is in effect with respect to such shares a registration statement under the Securities Act and any applicable state or foreign securities laws or an exemption from such registration under the Securities Act and applicable state or foreign securities laws, and (b) there has been obtained any other consent, approval or permit from any other regulatory body which the Board, 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 shares of Common Stock, as may be deemed necessary or advisable by the Company in order to comply with such securities law or other restrictions.