Stock Restriction. Optionee understands that at the time of the ----------------- execution of this Option Agreement, the shares of the Stock issuable upon exercise of the Option to Purchase have not been registered under the Securities Act of 1933, as amended (the "Act"), or under any state securities law, and that the Company currently does not intend to effect any such registration. Optionee agrees that the shares of the Stock which Optionee may acquire by exercising the Option shall be purchased by Optionee for investment without a view to distribution within the meaning of the Act, and shall not be sold, transferred, assigned, pledged, or hypothecated unless such transfer has been registered under the Act and applicable state securities laws, or the transfer duly qualifies for an applicable exemption from the registration requirements of the Act and any applicable state securities laws. In any event, Optionee agrees that the shares of the Stock which Optionee may acquire by exercising the Option shall not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable securities laws, whether federal or state. In addition, Optionee agrees that (i) certificates representing the share of the Stock purchased under the Option may hear such restrictive legend or legends as the Company's legal counsel deems appropriate in order to assure compliance with applicable securities laws, (ii) the Company may refuse to register the transfer of the shares of the Stock purchased under the Option on the stock transfer records of the Company if such proposed transfer would, in the opinion counsel satisfactory to the Company, constitute a violation of any applicable securities laws, and (iii) the Company may give related instructions to its transfer agent to stop registration of the transfer of the shares of Stock purchased under the Option.
Stock Restriction. The Company has obtained the agreement of the members of the Board of Directors of the Company that, for a period of ninety (90) days from the date hereof, they will not, without your prior written consent, directly or indirectly, sell, offer to sell, grant any option for the sale of, or otherwise dispose of any shares of Common Stock or securities convertible into Common Stock held by such persons (including, without limitation, shares of Common Stock deemed to be beneficially owned by such person in accordance with the Rules and Regulations promulgated under the 1934 Act).
Stock Restriction. The Buyer Shares and the WTI shares will be "restricted," as that term is defined in Rule 144 adopted under the Securities Act of 1933, as amended (the "Securities Act"). Buyer will issue its common stock to Cyclo under an appropriate exemption from the registration requirements of the Securities Act, including but not limited to the statutory exemption under Section 4(2) of the Securities Act, and Rule 506 adopted under thereunder. It is understood and agreed that Cyclo may transfer the Buyer Shares to its stockholders under an appropriate exemption from the registration requirements of the Securities Act, including but not limited to the statutory exemption under Section 4(2) of the Securities Act, and Rule 506 adopted thereunder.
Stock Restriction. All stock issued to Lenders pursuant to this Agreement shall be held for 2 years before any resale. The stock certificates issued to Lenders shall contain a legend evidencing such restriction.
Stock Restriction. Executive understands that he shall be subject to the standard restrictions of the trading of GHI shares of common stock owned by the Executive while employed by the Company in the position of Vice President – Engineering in accordance with the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder.
Stock Restriction. The Unit Shares are subject to the Stock Restriction Agreement in the form attached hereto as Schedule “D”. The Purchaser agrees not to sell more than 30,000 Unit Shares per day. The Unit Shares will have an additional restriction whereby 100,000 Unit Shares will be released each week. The first 100,000 Unit Shares shall be released on the date of delivery of the Units. The DRS certificates will contain legends to give effect to these restrictions.
Stock Restriction. The Target Shareholders will not transfer any Purchaser Shares they receive upon Closing of the Acquisition from the Closing Date until the listing of the Purchaser on the Exchange. Article 9
Stock Restriction. (a) Optionee represents and warrants that he is acquiring the Shares of his own account for the purpose of investment and not with a view to resale or distribution.
Stock Restriction. The Shares issued pursuant to this Agreement and any transfer of such Shares shall be subject to and conditioned upon compliance by the Company and the Del Franco Parties with all applicable federal and state laws and regulations, including, but not limited to, restrictions on the sale of the Shares for a certain time period. The Saleen Parties make no representations or warranties as to when, or if, the Shares will become freely trading, and each Del Franco Party acknowledges that he is relying on his own investigation and independent legal advice as to the restrictions of the Shares.
Stock Restriction. Executive agrees that he shall not sell any of his shares of Company stock during the 12-month period following his Separation Date, at more than 1% of the average daily volume for the previous 30 trading days. 6.
