Common use of Other Conditions and Limitations Clause in Contracts

Other Conditions and Limitations. (a) The Option is granted on the condition that the purchase of Common Stock hereunder shall be for investment purposes and not with a view to resale or distribution, except that such condition shall be inoperative if the offering of Common Stock subject to the Option is registered under the 1933 Act or if in the opinion of counsel for the Company such Stock may be resold without registration. At the time of the exercise of the Option or any installment thereof, the Optionee will execute such further agreements as the Company may require to implement the foregoing condition and to acknowledge the Optionee's familiarity with restrictions on the sale of the Shares under applicable securities laws.

Other Conditions and Limitations. (a) The Option is granted on the condition that the purchase of Common Stock hereunder Shares thereunder shall be for investment purposes and not with a view to resale or distribution, except that such condition shall be inoperative if the offering of Common Stock Shares subject to the Option is registered under the 1933 Act or if in the opinion of counsel for the Company such Stock Shares may be resold without registration. At the time of the exercise of the Option or any installment portion thereof, the Optionee Grantee will execute such further agreements as the Company may reasonably require to implement the foregoing condition and to acknowledge the OptioneeGrantee's familiarity with restrictions on the sale resale of the Shares under applicable securities laws.

Other Conditions and Limitations. (a) The Option is granted on the condition that the purchase of Common Stock Shares hereunder shall be for investment purposes and not with a view to resale or distribution, except that such condition shall be inoperative if the offering of Common Stock Shares subject to the Option is registered under the 1933 Act or if in the opinion of counsel for the Company such Stock Shares may be resold without registration. At the time of the exercise of the Option or any installment portion thereof, the Optionee Grantee will execute such further agreements as the Company may require to implement the foregoing condition and to acknowledge the OptioneeGrantee's familiarity with restrictions on the sale resale of the Shares under applicable securities laws.