LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that all applicable provisions of state and federal securities laws have been satisfied.
Appears in 4 contracts
Samples: 1998 Non Qualified Stock Option Agreement (Local Financial Corp /Nv), Nonqualified Stock Option Agreement (Farmers Capital Bank Corp), Non Qualified Stock Option Agreement (Local Financial Corp /Nv)
LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option the Option unless and until the Company has determined that that: (i) the Company and the Optionee have taken all actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Shares are listed have been satisfied; and (iii) all other applicable provisions of state and or U.S. federal securities laws law or other Applicable Laws have been satisfied.
Appears in 1 contract
LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option the Option unless and until the Company has determined that that: (i) the Company and the Participant have taken all actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof, if applicable; (ii) all applicable listing requirements of any stock exchange or other securities market on which the Shares are listed have been satisfied; and (iii) all other applicable provisions of state and or US federal securities laws law or other Applicable Law have been satisfied.
Appears in 1 contract
