Tipping. The Federal Securities laws also prohibit a person from communicating "material non-public information" to a third party for use in dealing with the securities of a publicly held company (i.e. "tipping"). Any person who communicates a "tip" is in violation of these rules and is subject to monetary penalties and/or imprisonment. Agent acknowledges that communicating "material non-public information" regarding the Company is strictly prohibited and expressly agrees not to communicate such "material non-public information" to third parties without the prior written consent of the Company.
Appears in 1 contract
Sources: Sales and Marketing Agreement (Nucycle Therapy Inc)
Tipping. The Federal Securities securities laws of the U.S. also prohibit a person from communicating "“material non-public information" ” to a third party for in circumstances in which it is reasonably likely that such person will use such information in dealing with the securities of a publicly held company (i.e. "i.e., “tipping"”). Any person who communicates a "“tip" ” is in violation of these rules and is subject to monetary penalties and/or imprisonment. Agent Each party acknowledges that communicating "“material non-public information" ” regarding the Company other party or any of its publicly traded Affiliates in such circumstances is strictly prohibited and expressly agrees not to communicate such "material non-public information" to third parties without the prior written consent of the Companyprohibited.
Appears in 1 contract