Common use of Status of Stock Clause in Contracts

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

Appears in 11 contracts

Samples: Restricted Stock Agreement (Forest Oil Corp), Restricted Stock Agreement (Forest Oil Corp), Restricted Stock Agreement (Forest Oil Corp)

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

Appears in 8 contracts

Samples: Restricted Stock Agreement (Cyberonics Inc), Restricted Stock Agreement (Cyberonics Inc), Restricted Stock Agreement (Trico Marine Services Inc)

Status of Stock. The Employee agrees that the Restricted Stock Shares issued under this Agreement 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. The Employee also agrees that (i) certificates, if any, the certificates representing the Restricted Stock Shares may bear such legend or legends as the Committee deems appropriate in order to reflect the Forfeiture Restrictions and to assure compliance with applicable securities laws, (ii) the Company may refuse to register the transfer of the Restricted Stock Shares on the stock transfer records of the Company if such proposed transfer would constitute a violation of the Forfeiture Restrictions or, in the opinion of counsel satisfactory to the Company, of any applicable securities law, and (iii) the Company may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted StockShares.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Quintana Maritime LTD), Restricted Stock Agreement (Quintana Maritime LTD), Restricted Stock Agreement (Quintana Maritime LTD)

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

Appears in 4 contracts

Samples: Restricted Stock Agreement (Particle Drilling Technologies Inc/Nv), Restricted Stock Agreement (Particle Drilling Technologies Inc/Nv), Restricted Stock Agreement (Particle Drilling Technologies Inc/Nv)

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

Appears in 2 contracts

Samples: Restricted Stock Agreement (Superior Well Services, INC), Restricted Stock Agreement (Superior Well Services, INC)

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Status of Stock. The Employee Grantee agrees that the Restricted Stock Shares issued under this Agreement 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. The Employee Grantee also agrees that (i) certificates, if any, the certificates representing the Restricted Stock Shares may bear such legend or legends as the Committee Administrator deems appropriate in order to reflect the Forfeiture Restrictions and to assure compliance with applicable securities laws, (ii) the Company may refuse to register the transfer of the Restricted Stock Shares on the stock transfer records of the Company if such proposed transfer would constitute a violation of the Forfeiture Restrictions or, in the opinion of counsel satisfactory to the Company, of any applicable securities law, and (iii) the Company may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted StockShares.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cyberonics Inc)

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

Appears in 1 contract

Samples: Restricted Stock Agreement (Sterling Bancshares Inc)

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