Common use of Federal Restrictions on Transfer Clause in Contracts

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 10 contracts

Samples: Director Option Agreement (Echelon Corp), Director Option Agreement (Cobalt Networks Inc), Director Option Agreement (Siebel Systems Inc)

AutoNDA by SimpleDocs

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 8 contracts

Samples: Director Option Agreement (Skystream Networks Inc), Director Stock Option Agreement (Peregrine Systems Inc), Director Option Agreement (Avistar Communications Corp)

Federal Restrictions on Transfer. Optionee understands that the -------------------------------- Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 6 contracts

Samples: Stock Option Agreement (Avanex Corp), Director Option Agreement (Captura Software Inc), Stock Option Agreement (Avanex Corp)

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer the Shares in the amounts or at the times proposed by Optionee.

Appears in 4 contracts

Samples: Director Option Agreement (Skillsoft Public Limited Co), Director Option Agreement (Skillsoft Public Limited Co), Skillsoft Public Limited Co

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 4 contracts

Samples: Director Option Agreement (Symmetricom Inc), Director Option Agreement (Intraware Inc), Director Option Agreement (Intraware Inc)

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities 1933 Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration is available, available and that the certificate(s) representing the Shares may will bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares Shares, and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 2 contracts

Samples: Stock Option Exercise Agreement (NovaBay Pharmaceuticals, Inc.), Stock Option Exercise Agreement (NovaBay Pharmaceuticals, Inc.)

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed desired by Optionee.

Appears in 2 contracts

Samples: Endocare Inc, Endocare Inc

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 “Securities Act"), or unless an exemption from such the registration requirements of the Securities Act is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not to permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 1 contract

Samples: Award Agreement (Broadway Financial Corp \De\)

AutoNDA by SimpleDocs

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities 1933 Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration is available, available and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 1 contract

Samples: Notice and Agreement (Synopsys Inc)

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Oclaro, Inc.)

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), or unless an exemption from such the registration requirements of the 1933 Act is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 1 contract

Samples: Option Agreement (Broadway Financial Corp \De\)

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), or unless an exemption from such registration registraton is available, and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by the Optionee.

Appears in 1 contract

Samples: Option Agreement (Mission Critical Software Inc)

Federal Restrictions on Transfer. Optionee understands that the Shares -------------------------------- must be held indefinitely unless they are registered under the Securities Act of 1933, as amended (the "1933 Act"), ”) or unless an exemption from such registration is available, available and that the certificate(s) representing the Shares may bear a legend to that effect. Optionee understands that the Company is under no obligation to register the Shares and that an exemption may not be available or may not permit Optionee to transfer Shares in the amounts or at the times proposed by Optionee.

Appears in 1 contract

Samples: Director Option Agreement (Monaco Coach Corp /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.