Common use of SHARES AS INVESTMENT Clause in Contracts

SHARES AS INVESTMENT. By accepting this option, Employee acknowledges for Employee, Employee's heirs, and legatees that any and all shares purchased under this Option Agreement shall be acquired for investment and not for or with a view towards distribution, and upon the transfer of any or all of the shares subject to the option granted hereunder, Employee, or Employee's heirs or legatees receiving such shares, shall deliver to the Company a representation in writing that such shares are being acquired in good faith for investment and not for or with a view towards distribution.

SHARES AS INVESTMENT. By accepting this optionoption and if required by the 2008 Plan, Employee acknowledges for Employee, Employee's heirs, and legatees that any and all shares purchased under this Option Agreement shall be acquired for investment and not for or with a view towards distribution, and upon the transfer of any or all of the shares subject to the option granted hereunder, Employee, or Employee's heirs or legatees receiving such shares, shall deliver to the Company a representation in writing that such shares are being acquired in good faith for investment and not for or with a view towards distribution.