Rule 701. This Agreement is intended to qualify as a written compensation contract that complies with all conditions of Rule 701 of the Act.
Rule 701. If the Shares are issued pursuant to the exemption --------- provided by Rule 701 promulgated under the 1933 Act, then the Shares will become freely tradable by persons who are non-affiliates of the Company under SEC Rule 701 promulgated under the 1933 Act, subject to limited conditions regarding the method of sale, 90 days after the first sale of common stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the SEC, subject to any transfer restrictions imposed by applicable state securities laws, the lengthier market standoff agreement contained in this Agreement or any other agreement entered into by Purchaser. Under Rule 701, affiliates must comply with the provisions (other than the holding period requirements) of Rule 144.
Rule 701. If the exemption relied upon for exercise of the Shares is Rule 701, the Shares will become freely transferable, subject to limited conditions regarding the method of sale, by nonaffiliates ninety (90) days after the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission (the “SEC”), subject to any lengthier market standoff agreement contained in this Agreement or entered into by Optionee. Affiliates must comply with the provisions (other than the holding period requirements) of Rule 144.
Rule 701. The Shares will become freely tradable by non- -------- affiliates under SEC Rule 701 promulgated under the 1933 Act, subject to limited conditions regarding the method of sale, ninety (90) days after the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the SEC, subject to the lengthier market standoff agreement contained in this Agreement or any other agreement entered into by Purchaser. Affiliates must comply with the provisions (other than the holding period requirements) of Rule 144.
Rule 701. To the extent permitted by applicable law, the shares of Company Common Stock to be issued to each Management Shareholder upon exercise of the options granted to such Management Shareholder pursuant to Section 1.03(c) shall be offered and sold to such Management Shareholder pursuant to the exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") provided for by Rule 701 ("Rule 701") of the Securities Act.
Rule 701. Buyer understands that the Purchased Units are issued under an exemption from registration under Rule 701 of the Securities Act as compensation for services to be rendered to the Company and are “restricted securities” as that term is used in the Securities Act and are subject to certain restrictions on transfer.
Rule 701. Purchaser and the Company hereby agree and acknowledge that the issuance of the Shares hereby is in connection with a compensatory benefit plan for the employees, directors, officers, advisers or consultants of the Company and is intended to comply with the provisions of Rule 701 promulgated by the Securities and Exchange Commission under the Securities Act.
Rule 701. Purchaser understands that the exemption relied upon for the purchase and sale of the Shares is Rule 701, and that the Shares will become freely transferrable, subject to limited conditions regarding the method of sale, by nonaffilitates 90 days after the first sale of common stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission, subject to any lengthier market standoff agreement entered into by Purchaser. Affiliates must comply with the provisions (other than the holding period requirements) of Rule 144 for such resales.
Rule 701. The parties agree and acknowledge that the grant and -------- exercise of the Option and the issuance of the Shares hereunder is intended to qualify, to the fullest extent possible, as the grant of an option and an issuance of shares of Class A Common Stock pursuant to Rule 701 promulgated under the Securities Act of 1933, as amended, or any successor rule thereto. The parties acknowledge that this Agreement is entered into for the purpose of compensating the Option Holder, who, since 1991, has rendered and will continue to render valuable services to the benefit of NSI and to the Company.
Rule 701. The parties intend that the Option is being granted to Optionee in a compensatory transaction which is intended to qualify for the exemption from such registration provided by Rule 701 of the Securities and Exchange Commission for stock issuances under compensatory benefit arrangements.
