SHARES AS INVESTMENT. If not registered by the Corporation under the Securities Act of 1933 (the “Act”), the Shares acquired pursuant to this Grant will be “restricted” stock which will not be freely transferable by the holder. The Grantee, for himself and any successor in interest of the Grantee, accordingly represents and acknowledges, as a condition of this Grant, that (a) Shares which are unregistered under the Act will be acquired for the Grantee’s (or Grantee’s successor’s) own account for investment only and not with a view to offer for sale or for sale in connection with the distribution or transfer thereof, and (b) that the certificates representing Shares which have not been registered pursuant to the Act will bear a legend as to such restrictions on transfer.
SHARES AS INVESTMENT. By accepting this option, Optionee acknowledges for Optionee, Optionee's heirs, and legatees that any and all shares purchased under this Option Agreement shall be acquired for investment and not for or with a view towards distribution, and upon the transfer of any or all of the shares subject to the option granted hereunder, Optionee, or Optionee's heirs or legatees receiving such shares, shall deliver to the Company a representation in writing that such shares are being acquired in good faith for investment and not for or with a view towards distribution.
SHARES AS INVESTMENT. By accepting this option, the Employee acknowledges that any and all Shares purchased pursuant to the exercise of the option under this Agreement shall be acquired for investment and not for distribution, and upon the delivery of any and all of the Shares due to the exercise of the option granted hereunder, the Employee shall deliver to Centrum a representation in writing and in a form acceptable to Centrum that such Shares are being acquired in good faith for investment and not for distribution. This Section 7 shall not apply in the event that the Shares have been registered pursuant to the Securities Act of 1933 and applicable state securities laws.
SHARES AS INVESTMENT. If not registered by the Corporation under the Securities Act of 1933 (the "Act"), the Shares acquired pursuant to the exercise of this Option, will be "restricted" stock which will not be freely transferable by the holder after exercise of this Option. The Optionee and any successor in interest of the Optionee accordingly represents and acknowledges, as a condition of the granting of this Option, that (a) Shares which are unregistered under the Act will be acquired for the Optionee's (or his successor's) own account for investment only and not with a view to offer for sale or for sale in connection with the distribution or transfer thereof and (b) that the certificates representing Shares purchased pursuant to this Option which have not been registered pursuant to the Act will bear a legend as to such restrictions on transfer.
SHARES AS INVESTMENT. By accepting this option, Employee acknowledges for Employee, Employee's heirs, and legatees that any and all shares purchased under this Option Agreement shall be acquired for investment and not for or with a view towards distribution, and upon the transfer of any or all of the shares subject to the option granted hereunder, Employee, or Employee's heirs or legatees receiving such shares, shall deliver to the Company a representation in writing that such shares are being acquired in good faith for investment and not for or with a view towards distribution.
SHARES AS INVESTMENT. By accepting the Option herein granted, the Optionee agrees for himself and his heirs and legatees that, unless the Shares are sold pursuant to an effective registration statement under the Securities Act of 1933 (the “Securities Act”) or an exemption from registration, all Shares purchased hereunder shall be acquired for investment purposes only and not for sale or distribution, and upon the issuance of any or all of the Shares issuable under the Option, the Optionee, or his heirs or legatees receiving such Shares, shall deliver to the Grantor a representation in writing, that unless such Shares have been registered for resale they are being acquired in good faith for investment purposes only and not for sale or distribution.
SHARES AS INVESTMENT. The Shares acquired pursuant to this Grant may not be freely transferable by the holder upon settlement due to the status of Grantee. The Grantee, for himself and any successor in interest of the Grantee, accordingly represents and acknowledges, as a condition of this Grant, that (a) Shares which are unregistered under the Securities Act of 1933 (the "Act") will be acquired for the Grantee's (or Grantee's successor's) own account for investment only and not with x xxxx to offer for sale or for sale in connection with the distribution or transfer thereof, and (b) that the certificates representing Shares which have not been registered pursuant to the Act will bear a legend as to such restrictions on transfer.
SHARES AS INVESTMENT. By accepting this option, Optionee acknowledges for Optionee, Optionee's heirs, and legatees that any and all shares purchased under this Option
SHARES AS INVESTMENT. By accepting these Options, Optionee agrees for itself and its assigns that the Options and any and all Shares issuable hereunder upon exercise of the Options are being acquired for investment purposes only and not with the view toward the further distribution thereof, and upon the issuance of any or all of the Shares upon the exercise of the Options granted hereunder, Optionee, or its heirs, personal representatives, successors or assigns receiving such Shares, shall deliver to the Company a representation in writing that such Shares are being acquired for investment purposes only and without the intent toward the further distribution thereof. Optionee further acknowledges that the Options and the Shares issuable upon exercise thereof have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and accordingly, the ability of the holder thereof to sell, assign and/or dispose of the same may be severely limited. In addition, Optionee hereby further acknowledges that the Company will place a "stop transfer" order with respect to any such Shares with its transfer agent and will place an appropriate restrictive legend on the certificates evidencing any such Shares.
SHARES AS INVESTMENT. By accepting this option, the Employee acknowledges for himself, his heirs, and legatees that any and all shares purchased under this Agreement shall be acquired for investment and not for or with a view towards distribution, and upon the transfer of any or all of the shares subject to the option granted hereunder, the Employee, or his heirs or legatees receiving such shares, shall deliver to the Company a representation in writing that such shares are being acquired in good faith for investment and not for or with a view towards distribution. In the event that the Employee desires to dispose (whether by sale, exchange, gift, or other transfer) of any shares acquired pursuant to the exercise of the option granted hereunder, he may only do so in compliance with the Securities Laws of the United States and rules and regulations promulgated thereunder.
