Common use of Restrictions on Purchase and Sale of Shares Clause in Contracts

Restrictions on Purchase and Sale of Shares. The Corporation shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“the 1933 Act”). In the event that the shares are not registered under the 1933 Act, the Director hereby agrees that, as a further condition to the exercise of this Option, the Director (or his successor under Section 5 of this Agreement), if the Corporation so requests, will execute an agreement in form satisfactory to the Corporation in which the Director represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“the 1933 Act”). In the event that the shares are not registered under the 1933 Act, the Director Colleague hereby agrees that, as a further condition to the exercise of this Option, the Director Colleague (or his successor under Section 5 of this Agreement), if the Corporation so requests, will execute an agreement in form satisfactory to the Corporation in which the Director Colleague represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Colleague further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation Company shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“the 1933 Act”). In the event that the shares are not registered under the 1933 Act, the Director Optionee hereby agrees that, as a further condition to the exercise of this Option, the Director Optionee (or his successor under Section 5 of this Agreement), if the Corporation Company so requests, will execute an agreement in form satisfactory to the Corporation Company in which the Director Optionee represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Optionee further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation Company shall be obligated to sell or issue shares pursuant to the exercise of this the Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“the "1933 Act”"). In the event that the shares are not registered under the 1933 Act, the Director Optionee hereby agrees that, as a further condition to the exercise of this the Option, the Director Optionee (or his or her successor under Section 5 of this Agreement6 hereof), if the Corporation Company so requests, will execute an agreement in form satisfactory to the Corporation Company in which the Director Optionee represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Optionee further agrees that if the shares of Common Stock to be issued upon the exercise of this the Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation Company shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“the "1933 Act”"). In the event that the shares are not registered under the 1933 Act, the Director Optionee hereby agrees that, as a further condition to the exercise of this Option, the Director Optionee (or his successor under Section 5 of this Agreementhereof), if the Corporation Company so requests, will execute an agreement in form satisfactory to the Corporation Company in which the Director Optionee represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Optionee further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation Company shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended amended, (“"the 1933 Act”"). In the event that the shares are not registered under the 1933 Actunxxx xxx 0000 Xxx, the Director Optionee hereby agrees that, as a further condition to the exercise of this Option, the Director Optionee (or his successor under Section 5 of this Agreement), if the Corporation Company so requests, will execute an agreement in form satisfactory to the Corporation Company in which the Director Optionee represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Optionee further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation Company shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended amended, (“the 1933 Act”). In the event that the shares are not registered under the 1933 Act, the Director Optionee hereby agrees that, as a further condition to the exercise of this Option, the Director Optionee (or his successor under Section 5 of this Agreement), if the Corporation Company so requests, will execute an agreement in form satisfactory to the Corporation Company in which the Director Optionee represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Optionee further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation shall be obligated to sell or issue shares pursuant to the exercise of this the Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“the 1933 Act”"xxx 0000 Xxx"). In the event that the shares are not registered under the 1933 Act, the Director Colleague hereby agrees that, as a further condition to the exercise of this the Option, the Director Colleague (or his successor under Section 5 of this Agreement), if the Corporation so requests, will execute an agreement in form satisfactory to the Corporation in which the Director Colleague represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Colleague further agrees that if the shares of Common Stock to be issued upon the exercise of this the Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“"the 1933 Act”"). In the event that the shares are not registered under the 1933 Actundxx xxx 0000 Xxx, the Director Colleague hereby agrees that, as a further condition to the exercise of this Option, the Director Colleague (or his successor under Section 5 6 of this Agreement), if the Corporation so requests, will execute an agreement in form satisfactory to the Corporation in which the Director Colleague represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Colleague further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation Company shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“the "1933 Act”"). In the event that the shares are not registered under the 1933 Act, the Director Colleague hereby agrees that, as a further condition to the exercise of this Option, the Director Colleague (or his or her successor under Section 5 of this Agreement), if the Corporation Company so requests, will execute an agreement in form satisfactory to the Corporation Company in which the Director Colleague represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Colleague further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“the "1933 Act”"). In the event that the shares are not registered under the 1933 Act, the Director Optionee hereby agrees that, as a further condition to the exercise of this Option, the Director Optionee (or his successor under Section 5 of this Agreement6 hereof), if the Corporation so requests, will execute an agreement in form satisfactory to the Corporation in which the Director Optionee represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Optionee further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation Company shall be obligated to sell or issue shares pursuant to the exercise of this the Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (the “the 1933 Act”). In the event that the shares are not registered under the 1933 Act, the Director Optionee hereby agrees that, as a further condition to the exercise of this the Option, the Director Optionee (or his or her successor under Section 5 of this Agreementhereof), if the Corporation Company so requests, will execute an agreement in form satisfactory to the Corporation Company in which the Director Optionee represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Optionee further agrees that if the shares of Common Stock to be issued upon the exercise of this the Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.

Restrictions on Purchase and Sale of Shares. The Corporation shall be obligated to sell or issue shares pursuant to the exercise of this Option only in the event that the shares are at that time effectively registered or otherwise exempt from registration under the Securities Act of 1933, as amended (“the 1933 Act”"xxx 0000 Xxx"). In the event that the shares are not registered under the 1933 Act, the Director Colleague hereby agrees that, as a further condition to the exercise of this Option, the Director Colleague (or his successor under Section 5 of this Agreement), if the Corporation so requests, will execute an agreement in form satisfactory to the Corporation in which the Director Colleague represents that he or she is purchasing the shares for investment purposes, and not with a view to resale or distribution. The Director Colleague further agrees that if the shares of Common Stock to be issued upon the exercise of this Option are not subject to an effective registration statement filed with the Securities and Exchange Commission pursuant to the requirements of the 1933 Act, such shares shall bear an appropriate restrictive legend.