Common use of Compliance with Regulatory Requirements Clause in Contracts

Compliance with Regulatory Requirements. Notwithstanding anything else in the Plan, the Restricted Stock received on the date of grant may not be sold, pledged or hypothecated unless the Company is in compliance with all regulatory requirements regarding registration of the Restricted Stock or common stock to be issued under the terms of the Plan.

Compliance with Regulatory Requirements. Notwithstanding anything else in the Plan, the shares of Restricted Stock received on the date of grant may not be sold, pledged or hypothecated unless until such time as the Company is in compliance complies with all regulatory requirements regarding registration of the Restricted Stock or common stock to be issued under the terms of the Plan.