Common use of Securities Law Compliance Clause in Contracts

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock award, to agree in writing that all Stock subject to this Agreement shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 18 contracts

Samples: Restricted Stock Agreement, Restricted Stock Agreement (Analysts International Corp), Nonqualified Stock Option Agreement (Bluestem Brands, Inc.)

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Securities Law Compliance. Participant The issuance of shares upon vesting of this Award shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until be effective only at such time as counsel to the Company shall have determined that such transfer or other disposition issuance will not violate any state or federal securities or other laws. The Participant may be required by the Company, as a condition of the effectiveness issuance of this restricted stock awardshares, to agree in writing that all Stock subject to this Agreement shall such shares will be held, held until such time that such Stock is the shares are registered and or otherwise freely tradable tradeable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, and that the certificates certificate(s) for such shares shall will bear an appropriate legend to that effect and that such shares will not be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 7 contracts

Samples: Restricted Stock Unit Agreement (BIO-TECHNE Corp), Restricted Stock Unit Agreement (BIO-TECHNE Corp), Restricted Stock Unit Agreement (BIO-TECHNE Corp)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock Shares received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock award, to agree in writing that all Stock Shares subject to this Agreement shall be held, until such time that such Stock is Shares are registered and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.), Nonqualified Stock Option Agreement (Bluestem Brands, Inc.)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock award, to agree in writing that all Stock subject to this Agreement shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Iowa Telecommunications Services Inc)

Securities Law Compliance. The Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement Award until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities or other laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock awardAward, to agree in writing that all Stock subject to this Agreement Award shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for the Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect effect, and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Makemusic Inc)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Common Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock awardAward, to agree in writing that all Common Stock subject to this Agreement shall be held, until such time that such Common Stock is registered and or otherwise freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Broadwind Energy, Inc.), Restricted Stock Unit Award Agreement (Broadwind Energy, Inc.), Restricted Stock Unit Award Agreement (Broadwind Energy, Inc.)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock awardPerformance Award, to agree in writing that all Stock subject to this Agreement shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 3 contracts

Samples: Performance Award Agreement (Broadwind Energy, Inc.), Performance Award Agreement (Tower Tech Holdings Inc.), Performance Award Agreement (Broadwind Energy, Inc.)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock awardSAR, to agree in writing that all Stock subject to this Agreement shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 3 contracts

Samples: Stock Appreciation Rights Agreement (Broadwind Energy, Inc.), Stock Appreciation Rights Agreement (Broadwind Energy, Inc.), Stock Appreciation Rights Agreement (Tower Tech Holdings Inc.)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock awardAward, to agree in writing that all shares of Stock subject to this Agreement shall be held, held until such time that such Stock is shares are registered and freely tradable under applicable state and federal securities laws, laws for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect effect, and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Bluestem Brands, Inc.), Nonqualified Stock Option Agreement (Bluestem Brands, Inc.)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Common Stock received pursuant to this Agreement Award until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock unit award, to agree in writing that all Common Stock subject to this Agreement Award shall be held, until such time that such Common Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s 's own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 2 contracts

Samples: Restricted Stock Unit Award (Buffalo Wild Wings Inc), Restricted Stock Unit Award (Buffalo Wild Wings Inc)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Companyhereby agrees, as a condition of the effectiveness of this restricted stock award, to agree in writing that if required by applicable securities laws, all Stock subject to this Agreement shall be held, until such time that such Stock is registered or appropriately exempted therefrom and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall may bear an appropriate legend to that effect and that such shares will not be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Broadview Institute Inc), Restricted Stock Agreement (Broadview Institute Inc)

Securities Law Compliance. Participant Service Provider shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement Award until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities or other laws. The Participant Service Provider may be required by the Company, as a condition of the effectiveness of this restricted stock awardAward, to agree in writing that all Stock subject received pursuant to this Agreement Award shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s Service Provider's own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect effect, and that such shares will not be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Bell Microproducts Inc)

Securities Law Compliance. Participant Service Provider shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement Award until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities or other laws. The Participant Service Provider may be required by the Company, as a condition of the effectiveness of this restricted stock awardAward, to agree in writing that all Stock subject received pursuant to this Agreement Award shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for ParticipantService Provider’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect effect, and that such shares will not be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Bell Microproducts Inc)

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Securities Law Compliance. The Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement Award until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities or other laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock awardAward, to agree in writing that all Stock subject to this Agreement Award shall be held, until such time that such Stock is registered and freely tradable under 3 applicable state and federal securities laws, for the Participant’s 's own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Agreement (Ciprico Inc)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock award, to agree in writing that all Stock subject to this Agreement shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s 's own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Agreement (Scanner Technologies Corp)

Securities Law Compliance. Participant The Executive shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant Executive may be required by the Company, as a condition of the effectiveness of this restricted stock awardAward, to agree in writing that all Stock subject to this Agreement shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for Participantthe Executive’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Agreement (Health Fitness Corp /MN/)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Common Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock unit award, to agree in writing that all Common Stock subject to this Agreement shall be held, until such time that such Common Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Buffalo Wild Wings Inc)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock awardAward, to agree in writing that all Stock subject to this Agreement shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Tower Tech Holdings Inc.)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock Shares received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock award, to agree in writing that all Stock Shares subject to this Agreement shall be held, until such time that such Stock is Shares are registered and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares Shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Agreement (Analysts International Corp)

Securities Law Compliance. Participant shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant may be required by the Company, as a condition of the effectiveness of this restricted stock award, to agree in writing that all Stock subject to this Agreement shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for Participant’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will not be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cash Systems Inc)

Securities Law Compliance. Participant Grantee shall not transfer or otherwise dispose of the shares of Stock received pursuant to this Agreement until such time as counsel to the Company shall have determined that such transfer or other disposition will not violate any state or federal securities laws. The Participant Grantee may be required by the Company, as a condition of the effectiveness of this restricted stock award, to agree in writing that all Stock subject to this Agreement shall be held, until such time that such Stock is registered and freely tradable under applicable state and federal securities laws, for ParticipantGrantee’s own account without a view to any further distribution thereof, that the certificates for such shares shall bear an appropriate legend to that effect and that such shares will be not transferred or disposed of except in compliance with applicable state and federal securities laws.

Appears in 1 contract

Samples: Restricted Stock Agreement (Talon Therapeutics, Inc.)

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