Common use of Status of Common Stock Clause in Contracts

Status of Common Stock. Colleague agrees that the Restricted Shares to which the restrictions have lapsed will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal or state securities laws. Colleague also agrees (i) that the certificates representing the Shares may bear such legend or legends as the Company deems appropriate in order to assure compliance with applicable securities laws, (ii) that the Company may refuse to register the transfer of the Shares on the stock transfer records of the Company if such proposed transfer would be in the opinion of counsel satisfactory to the Company constitute a violation of any applicable securities law and (iii) that the Company may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Shares.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (City National Corp), Restricted Stock Award Agreement (City National Corp), Restricted Stock Award Agreement (City National Corp)

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Status of Common Stock. Colleague agrees that the Restricted Shares distributed to which the restrictions have lapsed Colleague will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal or state securities laws. Colleague also agrees (i) that the certificates representing the Shares may bear such legend or legends as the Company deems appropriate in order to assure compliance with applicable securities laws, (ii) that the Company may refuse to register the transfer of the Shares on the stock transfer records of the Company if such proposed transfer would be in the opinion of counsel satisfactory to the Company constitute a violation of any applicable securities law and (iii) that the Company may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Shares.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (City National Corp), Restricted Stock Unit Award Agreement (City National Corp), Restricted Stock Unit Award Agreement (City National Corp)

Status of Common Stock. Colleague Employee agrees that the Restricted Shares to which the restrictions have lapsed will not be sold or otherwise disposed of in any manner which that would constitute a violation of any applicable federal or state securities laws. Colleague Employee also agrees (i) that the certificates representing the Restricted Shares may bear such legend or legends as the Company Corporation deems appropriate in order to assure compliance with applicable securities laws, (ii) that the Company Corporation may refuse to register the transfer of the Restricted Shares on the stock transfer records of the Company Corporation if such proposed transfer would be would, in the opinion of counsel satisfactory to the Company Corporation, constitute a violation of any applicable securities law and (iii) that the Company Corporation may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted Shares.

Appears in 1 contract

Samples: Form of Restricted Stock Agreement (Sovereign Bancorp Inc)

Status of Common Stock. Colleague The Recipient agrees that the Restricted Shares to which the restrictions have lapsed will not be sold or otherwise disposed of in any manner which that would constitute a violation of any applicable federal or state securities laws. Colleague The Recipient also agrees (i) that the certificates representing the Restricted Shares may bear such legend or legends as the Company Corporation deems appropriate in order to assure compliance with applicable securities laws, (ii) that the Company Corporation may refuse to register the transfer of the Restricted Shares on the stock transfer records of the Company Corporation if such proposed transfer would be would, in the opinion of counsel satisfactory to the Company Corporation, constitute a violation of any applicable securities law and (iii) that the Company Corporation may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted Shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (North Penn Bancorp, Inc.)

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Status of Common Stock. Colleague The Employee agrees that the Restricted Shares to which the restrictions have lapsed will not be sold or otherwise disposed of in any manner which that would constitute a violation of any applicable federal or state securities laws. Colleague The Employee also agrees (ia) that the certificates representing the Restricted Shares may bear such legend or legends as the Company Corporation deems appropriate in order to assure compliance with applicable securities laws, ; (iib) that the Company Corporation may refuse to register the transfer of the Restricted Shares on the stock transfer records of the Company Corporation if such proposed transfer would be would, in the opinion of counsel satisfactory to the Company Corporation, constitute a violation of any applicable securities law law; and (iiic) that the Company Corporation may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted Shares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Penn Millers Holding Corp)

Status of Common Stock. Colleague The Employee agrees that the Restricted Shares to which the restrictions have lapsed will not be sold or otherwise disposed of in any manner which that would constitute a violation of any applicable federal or state securities laws. Colleague the Employee also agrees (i) that the certificates representing the Restricted Shares may bear such legend or legends as the Company Corporation deems appropriate in order to assure compliance with applicable securities laws, (ii) that the Company Corporation may refuse to register the transfer of the Restricted Shares on the stock transfer records of the Company Corporation if such proposed transfer would be would, in the opinion of counsel satisfactory to the Company Corporation, constitute a violation of any applicable securities law and (iii) that the Company Corporation may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted Shares.

Appears in 1 contract

Samples: Form of Restricted Stock Agreement (Sovereign Bancorp Inc)

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