Investment Purposes Only. All shares acquired by the Optionee pursuant to this Agreement shall be acquired for investment purposes only for the account of the Optionee and not with any intention or purpose of resale or further distribution thereof by the Optionee. Such shares may not be resold except in compliance with the Securities Act of 1933 or an exemption therefrom. Nothing contained herein shall require the Company to register under the Securities Act of 1933 either the Plan, this option or any securities issued or issuable pursuant to this option.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Air South Airlines Inc), Incentive Stock Option Agreement (Air South Airlines Inc), Incentive Stock Option Agreement (Air South Airlines Inc)
Investment Purposes Only. All shares acquired by the Optionee pursuant to this Agreement shall be acquired for investment purposes only for the account of the Optionee and not with any intention or purpose of resale or further distribution thereof by the Optionee. Such shares may not be resold except in compliance with the Securities Act of 1933 or an exemption therefrom. Nothing contained herein shall require the Company to register under the Securities Act of 1933 either the Plan, this option or any securities issued or issuable pursuant to this option.not
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Air South Airlines Inc), Incentive Stock Option Agreement (Air South Airlines Inc)
