Common use of Restrictions and Regulations Clause in Contracts

Restrictions and Regulations. EMPLOYEE agrees that any Shares of ELCOM's ---------------------------- common stock purchased under this Stock Option Agreement will be subject to the restrictions and regulations outlined in this Agreement and that these SHARES may be subject to further restrictions and regulations. Said restrictions and regulations may be imposed at any time by ELCOM at the sole discretion of ELCOM and without the approval of EMPLOYEE.

Restrictions and Regulations. EMPLOYEE agrees that any Shares of ---------------------------- ELCOM's ---------------------------- common stock purchased under this Stock Option Agreement will be subject to the restrictions and regulations outlined in this Agreement and that these SHARES may be subject to further restrictions and regulations. Said restrictions and regulations may be imposed at any time by ELCOM at the sole discretion of ELCOM and without the approval of EMPLOYEE.

Restrictions and Regulations. EMPLOYEE agrees that any Shares of ELCOM's ---------------------------- --------------------------- common stock purchased under this Stock Option Agreement will be subject to the restrictions and regulations outlined in this Agreement and that these SHARES may be subject to further restrictions and regulations. Said restrictions and regulations may be imposed at any time by ELCOM at the sole discretion of ELCOM and without the approval of EMPLOYEE.

Restrictions and Regulations. EMPLOYEE DIRECTOR agrees that any Shares of ELCOM's ---------------------------- common stock purchased under this Stock Option Agreement will be subject to the restrictions and regulations outlined in this Agreement and that these SHARES may be subject to further restrictions and regulations. Said restrictions and regulations may be imposed at any time by ELCOM at the sole discretion of ELCOM and without the approval of EMPLOYEEDIRECTOR.