SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS Sample Clauses
The "Securities Law Issues, Transfer Restrictions" clause defines the legal limitations on transferring securities, such as shares or stock, to ensure compliance with applicable securities laws and regulations. Typically, this clause restricts the sale or transfer of securities unless certain conditions are met, such as registration with regulatory authorities or qualifying for an exemption. For example, it may prohibit shareholders from selling their shares to the public without proper authorization or disclosure. The core function of this clause is to prevent unauthorized or illegal transfers, thereby protecting the company and its investors from regulatory violations and potential legal liabilities.
SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS. (a) Grantee Acknowledgements and Representations. The Grantee understands and agrees that: (i) the Options have not been registered under the Securities Act, (ii) the Options are restricted securities under the Securities Act and (iii) the Options may not be resold or transferred unless they are first registered under the Securities Act or unless an exemption from such registration is available. The Grantee hereby makes the representations and warranties set forth in Exhibit A hereto.
SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS. (a) Grantee Acknowledgements and Representations. The Grantee understands and agrees that: (x) neither the Option nor the Incentive Shares have been registered under the Securities Act, (y) the Option and the Incentive Shares are restricted securities under the Securities Act and (z) neither the Option nor the Incentive Shares may be resold or transferred unless they are first registered under the Securities Act or unless an exemption from such registration is available. The Grantee hereby makes the representations and warranties set forth in Exhibit B hereto.
SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS. (a) Grantee Acknowledgements and Representations. The Grantee understands and agrees that: (i) the Restricted Shares have not been registered under the Securities Act, (ii) the Restricted Shares are restricted securities under the Securities Act and (iii) the Restricted Shares may not be resold or transferred unless they are first registered under the Securities Act or unless · an exemption from such registration is available. The Grantee hereby makes to the Company the representations and warranties set forth in Exhibit C hereto.
SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS. (a) Grantee Acknowledgements and Representations. The Grantee understands and agrees that: (x) the SARs have not been and any Settlement Shares will not be registered under the Securities Act, (y) the SARs are and any Settlement Shares will be restricted securities under the Securities Act and (z) neither the SARs nor any Settlement Shares may be resold or transferred unless they are first registered under the Securities Act or unless an exemption from such registration is available. The Grantee hereby makes to the Company the representations and warranties set forth in Exhibit C hereto with respect to the SARs and any Settlement Shares.
SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS. (a) Except as otherwise set forth in the Management Shareholders Agreement with respect to the Bonus Shares, the Company may, but shall not be obligated to, register or qualify the award of Bonus Shares to the Grantee under the Securities Act or any other applicable law. The Company shall not be obligated to take affirmative action to cause the award of Bonus Shares to the Grantee to comply with any law.
SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS. (a) Grantee Acknowledgements and Representations. The Grantee understands and agrees that: (x) the Granted Strip Shares have not been registered under the Securities Act, (y) the Granted Strip Shares are restricted securities under the Securities Act and (z) the Granted Strip Shares may not be resold or transferred unless they are first registered under the Securities Act or unless an exemption from such registration is available. The Grantee hereby makes the representations and warranties set forth in Exhibit C hereto.
SECURITIES LAW ISSUES, TRANSFER RESTRICTIONS