Common use of Restrictions on Exercise Clause in Contracts

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulationApplicable Law.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation such representations and warranty warranties to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulationregulations, or if such issuance would not comply with the requirements of any stock exchange upon which the Shares may then be listed. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this the Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's his exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares subject to the Option upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulationApplicable Laws.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Shares upon such exercise or if the method of payment for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then the Option may also not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This Option may not be exercised if the ------------------------ issuance of the such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulationregulations, or if such issuance would not comply with the requirements of any stock exchange upon which the Shares may then be listed. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Shares upon such exercise or if the method of payment for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then the Option may not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This Option may not be exercised if the issuance of the these Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As In addition, as a further condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and or warranty to the Company as may be required by or advisable under any applicable law or regulation.

Restrictions on Exercise. (i) This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the exercising person exercising this Option to make any representation agreements and warranty to the Company as undertakings that may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised ------------------------ if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulationApplicable Law.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon the Optionee's exercise or the method of payment of consideration for such exercise Shares would constitute a violation of any applicable federal Federal or state securities law or other applicable law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulationlaw.

Restrictions on Exercise. (i) This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation agreements and warranty to the Company as undertakings that may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's ’s exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. (a) This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation arrangements and warranty to the Company as undertakings that may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the OptioneeParticipant's exercise of this Option, the Company Corporation may require the person exercising this Option to make any representation and warranty to the Company Corporation as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this the Option, the Company may require the person exercising this Option Optionee to make any representation representations and warranty warranties to the Company as may be required by the Plan or any applicable law or regulation.

Restrictions on Exercise. This Option option may not be exercised if the issuance of the Shares such shares upon such exercise would constitute a violation of any applicable federal or state securities law or other law or valid regulation. As a condition to the Optionee's exercise of this Optionoption, the Company may require the person exercising this Option Optionee to make any representation such representations, and warranty warranties to the Company as may be required by any applicable law or regulation, including the execution and delivery of a representation letter at the time of exercise of this option.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulationlaw.

Restrictions on Exercise. This Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation, or the Company’s Xxxxxxx Xxxxxxx Policy. As a condition to the Optionee's exercise of this the Option, the Company may require the person exercising this the Option to make any representation and warranty to the Company as the Company’s counsel advises and as may be required by the Company or by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's ’s exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. (i) This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation agreements and warranty to the Company as undertakings that may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulationregulations.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Shares upon such ------------------------ exercise or if the method of payment for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then the Option may also not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any a representation and warranty to the Company or otherwise enter into any stock purchase or other agreement as may be required by any applicable law or regulationregulation or as may otherwise be reasonably requested by the Board or Committee.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company Bank may require the person exercising this Option to make any representation and warranty to the Company Bank as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be ------------------------ exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares such shares upon such exercise would constitute a violation of any applicable federal Federal or state securities law or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Option Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this the Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if unless the issuance of the such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulationApplicable Law.

Restrictions on Exercise. This Option may not be exercised if the ------------------------ issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option The Warrants may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Optionthe Warrants, the Company may require the person exercising this Option Holder to make any representation such representations and warranty warranties to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the -------------------------- issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation agreements and warranty to the Company as undertakings that may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company Corporation may require the person exercising this Option to make any representation and warranty to the Company Corporation as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Shares upon such exercise or if the method of payment for such Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then the Option may not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This The Option may not be ------------------------ exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's his exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares subject to the Option upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulationlaws.

Restrictions on Exercise. This Option may not be exercised if the issuance of the such Option Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, including any rules promulgated by the Federal Reserve Board relating to margin requirements. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option Options may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this an Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As In addition, as a further condition to the Optionee's exercise of this the Option, the Company may require the person exercising this Option Optionee to make any representation and or warranty to the Company as may be required by or advisable under any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any a representation and warranty to the Company or otherwise enter into any stock purchase or other agreement as may be required by any applicable law or regulationregulation or as may otherwise be reasonably requested by the Board or Committee.

Restrictions on Exercise. (I) This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation agreements and warranty to the Company as undertakings that may be required by any applicable law or regulation.

Restrictions on Exercise. This Option These Options may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Optionthese Options, the Company may require the person exercising this Option the Options to make any representation and warranty to the Company as the Company’s counsel advises and as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if If the issuance of shares of ------------------------ Option Stock upon the Shares upon exercise of this Option, or if the method of payment for such exercise shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then this Option may not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As In addition, as a further condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Participant to make any representation and or warranty to the Company as may be required by or advisable under any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Option Shares upon such exercise or if the method of payment for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then the Option may not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This Option may not be exercised if the issuance of the these Shares upon such exercise would constitute a violation of any an applicable federal or state securities laws or other law laws or valid regulationregulations. As In addition, as a further condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and or warranty to the Company as may be required by any or advisable under an applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Option Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As In addition, as a further condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and or warranty to the Company as may be required by or advisable under any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Common Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's ’s exercise of this the Option, the Company may require the person exercising this the Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and or warranty to the Company as may be required by or advisable under any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Shares upon exercise or if the method of payment for such exercise shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company Option may not be exercised. The Corporation may require the person exercising this Option Optionee to make any representation and warranty to the Company Corporation as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal Federal or state securities or other law or valid regulation. As a condition to the Optionee's his exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any an applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option option may not be exercised exercise if the issuance of the Shares such shares upon such exercise would constitute a violation of any applicable federal Federal or state securities laws or other law or valid regulation. As a condition to the Optionee's exercise of this Optionoption, the Company may require the person exercising this Option Optionee to make any representation and or warranty to the Company as may be required by any applicable law or regulationregulation or may otherwise be appropriate.

Restrictions on Exercise. This The Option may not be exercised if ------------------------ the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's his exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal Applicable Laws. Furthermore, the Company, in its sole discretion, may prohibit you from executing a cashless exercise with respect to the Option regardless of any other provision of this Agreement or state securities the related Notice or other law agreement or valid regulation. As a condition document relating to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company Bank may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option The Warrant may not be exercised if the issuance of the Warrant Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Optionthe Warrant, the Company may require the person exercising this Option Holder to make any representation such representations and warranty warranties to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's ’s exercise of this Optionoption, the Company may require the person exercising this Option option to make any representation and warranty to the Company as may be required by any applicable law or regulation. In the event that the Company’s primary federal regulatory authority determines that the Company’s capital fails to meet minimum capital requirements, such regulatory authority may direct the Company to call all outstanding options. Any options not exercised will be thereafter forfeited.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Option Shares upon such exercise or if the method of payment for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then the Option may also not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon exercise or the method of payment of consideration for such exercise Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company Corporation may require the person exercising this Option Optionee to make any representation and warranty to the Company Corporation as may be required by to comply with any applicable law or regulation. All exercises of the Option must be for full Shares only.

Restrictions on Exercise. This Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company Committee may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Shares upon exercise of the Option or if the method of payment for such exercise Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then the Option may not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This Option may not be exercised if the ------------------------ issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this the Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation. The Optionee may not exercise any portion of the Option while the Exercise Price per Share exceeds the Fair Market Value.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this the Option, the Company may require the person exercising this Option Optionee to make any representation representations and warranty warranties to the Company as may be required by the Plan or any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the -------------------------- issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's his exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any a representation and warranty to the Company or otherwise enter into any stock purchase or other agreement as may be required by any applicable law or regulationregulation or as may otherwise be reasonably requested by the Board of the Committee.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Shares upon such exercise or if the method of payment for such Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then the Warrant may not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Holder to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Warrant to be exercised.

Restrictions on Exercise. This Option may not be exercised if the ------------------------- issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Shares upon such exercise or if the method of payment for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulationlaws, then the Option may not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This Option may not be exercised if If the issuance of the Shares upon exercise of the Option or if the method of payment for such exercise Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, then this Option may not be exercised. As a condition to the Optionee's exercise of this Option, the The Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulationregulation before allowing the Option to be exercised.

Restrictions on Exercise. This The Option may not be exercised if ------------------------ the issuance of the such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition The Company shall have no obligation to register or qualify the Optionee's exercise of this Option, the Company may require the person exercising this Option to make or such Shares for sale under any representation and warranty to the Company as may be required by any applicable such law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law regulations or valid regulationthe Articles of Association or By-Laws of the Company or of any applicable provisions of the Plan. As a condition to the Optionee's exercise of this the Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the OptioneeAssociate's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any a representation and warranty to the Company or otherwise enter into any stock purchase or other agreement as may be required by any applicable law or regulationregulation or as may otherwise be reasonably requested by the Board.

Restrictions on Exercise. This Option The Warrants may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this Optionthe Warrants, the Company may require the person exercising this Option Holder to make any representation such representations and warranty warranties to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this the Option, the Company may require the person exercising this Option Optionee to enter into a Stock Purchase Agreement and to make any representation and warranty to the Company as may be required by or advisable under any applicable law or regulationregulation or as may be reasonably requested by the Board.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable federal or state securities or other law or valid regulation, including Regulations T and U as promulgated by the Federal Reserve Board. As a condition to the Optionee's exercise of this the Option, the Company Corporation may require the person exercising this Option Grantee to make any representation and warranty to the Company Corporation as may might be required by any applicable law or regulation.

Restrictions on Exercise. This Option Options may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this an Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's his exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation. The amount of the withholding requirement shall be applicable statutory minimum federal, state or local income tax with respect to the award of the date that the amount of tax is to be held.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon the Optionee’s exercise or the method of payment of consideration for such exercise Shares would constitute a violation of any applicable federal Federal or state securities law or other applicable law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares upon such exercise or the method of payment of consideration for those Shares would constitute a violation of any applicable federal law, regulation or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulationpolicy.

Restrictions on Exercise. This Option These Options may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Optionthese Options, the Company may require the person exercising this Option the Options to make any representation and warranty to the Company as the Company’s counsel advises and as may be required by the Company or by any applicable law or regulation.

Restrictions on Exercise. This The Option may not be exercised if the issuance of the Shares upon such exercise would constitute a violation of any applicable federal or state securities laws or other law laws or valid regulationregulations. As a condition to the Optionee's exercise of this the Option, the Company may require the person exercising this Option Optionee to make any representation representations and warranty warranties to the Company as may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or valid regulationthe Company's Articles of Association. As a condition Notwithstanding the foregoing, to the Optionee's extent necessary to comply with applicable laws with respect to the grant of the Option and the Optionees acquisition of Shares upon the exercise of this Optionthe Option granted hereunder, the Company may require shall have the person exercising this right to delay or suspend the exercisability of the Option to make any representation and warranty to in the Company as may be required by any applicable law or regulationmanner set forth in the Plan.

Restrictions on Exercise. This Option These Options may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Optionthese Options, the Company may require the person exercising this Option the Options to make any representation and warranty to the Company as the Company’s counsel advises and may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise Revised 9/20/00 of this Option, Option the Company may require the person exercising this the Option to make any representation and warranty to the Company as the Company’s counsel believes may be required by any applicable law or regulation.

Restrictions on Exercise. This Option may not be exercised if the issuance of the Shares shares upon such exercise would constitute a violation of any applicable federal or state securities or other law or valid regulation. As a condition to the Optionee's exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or regulation. -------- * 110% in the case of an Optionee who owns shares representing more than 10% of the outstanding common stock of the Company on the date of grant of this Option.