Common use of Securities Laws Restrictions Clause in Contracts

Securities Laws Restrictions. Optionholder represents that when Optionholder exercises any portion of the Options he or she will be purchasing the Option Shares represented thereby for Optionholder’s own account and not on behalf of others. Optionholder understands and acknowledges that federal, state and foreign securities laws govern and restrict Optionholder’s right to offer, sell or otherwise dispose of any Option Shares unless Optionholder’s offer, sale or other disposition thereof is registered under the Securities Act and federal, state and foreign securities laws or, in the opinion of the Company’s counsel, such offer, sale or other disposition is exempt from registration thereunder. Optionholder agrees that he or she will not offer, sell or otherwise dispose of any Option Shares in any manner which would: (i) require the Company to file any registration statement (or similar filing under applicable securities law) with the Securities and Exchange Commission or to amend or supplement any such filing or (ii) violate or cause the Company to violate the Securities Act, the rules and regulations promulgated thereunder or any other applicable securities law. Optionholder further understands that the certificates for any Option Shares which Optionholder purchases will bear the legend set forth in the Plan or such other legends as the Company deems necessary or desirable in connection with the Securities Act or other rules, regulations or laws.

Securities Laws Restrictions. Optionholder Employee represents that when Optionholder Employee exercises any portion of the Options he or she will be purchasing the Option Shares represented thereby for OptionholderEmployee’s own account and not on behalf of others. Optionholder Employee understands and acknowledges that federal, state and foreign securities laws govern and restrict OptionholderEmployee’s right to offer, sell or otherwise dispose of any Option Shares unless OptionholderEmployee’s offer, sale or other disposition thereof is registered under the Securities Act and federal, state and foreign securities laws or, in the opinion of the Company’s counsel, such offer, sale or other disposition is exempt from registration thereunder. Optionholder Employee agrees that he or she will not offer, sell or otherwise dispose of any Option Shares in any manner which would: (i) require the Company to file any registration statement (or similar filing under applicable securities law) with the Securities and Exchange Commission or to amend or supplement any such filing or (ii) violate or cause the Company to violate the Securities Act, the rules and regulations promulgated thereunder or any other applicable securities law. Optionholder Employee further understands that the certificates for any Option Shares which Optionholder Employee purchases will bear the legend set forth in the Plan or such other legends as the Company deems necessary or desirable in connection with the Securities Act or other rules, regulations or laws.

Securities Laws Restrictions. Optionholder Employee represents that when Optionholder Employee exercises any portion of the Options Option he or she will be purchasing the Option Shares represented thereby for OptionholderEmployee’s own account and not on behalf of others. Optionholder Employee understands and acknowledges that federal, state and foreign securities laws govern and restrict OptionholderEmployee’s right to offer, sell or otherwise dispose of any Option Shares unless OptionholderEmployee’s offer, sale or other disposition thereof is registered under the Securities Act and federal, state and foreign securities laws or, in the opinion of the Company’s counsel, such offer, sale or other disposition is exempt from registration thereunder. Optionholder Employee agrees that he or she will not offer, sell or otherwise dispose of any Option Shares in any manner which would: (i) require the Company to file any registration statement (or similar filing under applicable securities law) with the Securities and Exchange Commission or to amend or supplement any such filing or (ii) violate or cause the Company to violate the Securities Act, the rules and regulations promulgated thereunder or any other applicable securities law. Optionholder Employee further understands that the certificates for any Option Shares which Optionholder Employee purchases will bear the legend set forth in the Plan or such other legends as the Company deems necessary or desirable in connection with the Securities Act or other rules, regulations or laws.

Securities Laws Restrictions. Optionholder represents that when Optionholder exercises any portion of the Options he or she will be purchasing the Option Shares represented thereby for Optionholder’s own account and not on behalf of others. Optionholder understands and acknowledges that federal, state and foreign securities laws govern and restrict Optionholder’s right to offer, sell or otherwise dispose of any Option Shares unless Optionholder’s offer, sale or other disposition thereof is registered under the Securities Act and federal, state and foreign securities laws or, in the opinion of the Company’s counsel, such offer, sale or other disposition is exempt from registration thereunder. Optionholder agrees that he or she will not offer, sell or otherwise dispose of any Option Shares in any manner which would: (i) require the Company to file any registration statement (or similar filing under applicable securities law) with the Securities and Exchange Commission or to amend or supplement any such filing or (ii) violate or cause the Company to violate the Securities Act, the rules and regulations promulgated thereunder or any other applicable securities law. Optionholder further understands that the certificates (if any) for any Option Shares which Optionholder purchases will bear the legend set forth in the Plan or such other legends as the Company deems necessary or desirable in connection with the Securities Act or other rules, regulations or laws.

Securities Laws Restrictions. Optionholder Participant represents that when Optionholder Participant exercises any portion of the Options he or she Option, Participant will be purchasing the Option Shares represented thereby Common Stock subject thereto for OptionholderParticipant’s own account and not on behalf of others. Optionholder Participant understands and acknowledges that federal, state and foreign securities laws govern and restrict OptionholderParticipant’s right to offer, sell or otherwise dispose of any portion of the Option Shares or Common Stock subject thereto unless OptionholderParticipant’s offer, sale or other disposition thereof is registered under the Securities Act and federal, state and foreign securities laws or, in the opinion of the Company’s counsel, such offer, sale or other disposition is exempt from registration thereunder. Optionholder Participant agrees that he or she Participant will not offer, sell or otherwise dispose of any Option Shares Common Stock in any manner which would: (i) require the Company to file any registration statement (or similar filing under applicable securities law) with the Securities and Exchange Commission or to amend or supplement any such filing or (ii) violate or cause the Company to violate the Securities Act, the rules and regulations promulgated thereunder or any other applicable securities law. Optionholder Participant further understands that the certificates for any Common Stock which Participant purchases upon exercise of the Option Shares which Optionholder purchases will shall bear the legend set forth in the Plan Securities Holders Agreement or such other legends as the Company deems necessary or desirable in connection with the Securities Act or other rules, regulations or laws.

Securities Laws Restrictions. Optionholder represents that that, when Optionholder exercises any portion of the Options Options, he or she will be purchasing the Option Shares represented thereby for Optionholder’s own account and not on behalf of others. Optionholder understands and acknowledges that federal, state state, and foreign securities laws govern and restrict Optionholder’s right to offer, sell sell, or otherwise dispose of any Option Shares unless Optionholder’s offer, sale sale, or other disposition thereof is registered under the Securities Act and federal, state state, and foreign securities laws or, in the opinion of the Company’s counsel, such offer, sale sale, or other disposition is exempt from registration thereunder. Optionholder agrees that he or she will not offer, sell or otherwise dispose of any Option Shares in any manner which would: (i) require the Company to file any registration statement (or similar filing under applicable securities law) with the Securities and Exchange Commission or to amend or supplement any such filing or (ii) violate or cause the Company to violate the Securities Act, the rules and regulations promulgated thereunder or any other applicable securities law. Optionholder further understands that the certificates (if any) for any Option Shares which that Optionholder purchases will bear the legend set forth in the Plan or such other legends as the Company deems necessary or desirable in connection with the Securities Act or other rules, regulations regulations, or laws.

Securities Laws Restrictions. Optionholder Optionee represents that when Optionholder Optionee exercises any portion of the Options Option he or she will be purchasing the Option Shares represented thereby for OptionholderOptionee’s own account and not on behalf of others. Optionholder Optionee understands and acknowledges that federal, U.S. federal and state and foreign securities laws govern and restrict OptionholderOptionee’s right to offer, sell or otherwise dispose of any Option Shares unless OptionholderOptionee’s offer, sale or other disposition thereof is registered under the Securities Act and federal, federal and state and foreign securities laws or, in the opinion of the Company’s counsel, such offer, sale or other disposition is exempt from registration thereunder. Optionholder Optionee agrees that he or she will not offer, sell or otherwise dispose of any Option Shares in any manner which would: (i) require the Company to file any registration statement (or similar filing under applicable securities law) with the Securities and Exchange Commission or to amend or supplement any such filing or (ii) violate or cause the Company to violate the Securities Act, the rules and regulations promulgated thereunder or any other applicable U.S. or local securities law. Optionholder Optionee further understands that the certificates for any Option Shares which Optionholder Optionee purchases will bear the a legend set forth in the Plan or such other legends as the Company deems necessary or desirable in connection with the Securities Act or other rules, regulations or laws.