Common use of Limitation on Disposition and Other Restrictions Clause in Contracts

Limitation on Disposition and Other Restrictions. The Shares are subject to and the Purchaser hereby agrees to the following terms and conditions of the sale of the Shares to the Purchaser: . any transfer of the Shares must comply with all applicable laws as set forth in Section 6 of the Terms; . the Shares are subject to restrictions on transfer under Section 5.6 of the Plan, under Section 5 of the Terms, and under the Corporation's Articles of Incorporation and Bylaws;

Appears in 2 contracts

Sources: Nonqualified Stock Option Agreement (Luminent Mortgage Capital Inc), Nonqualified Stock Option Agreement (Luminent Mortgage Capital Inc)

Limitation on Disposition and Other Restrictions. The Shares are subject to and the Purchaser hereby agrees to the following terms and conditions of the sale of the Shares to the Purchaser: . any transfer of the Shares must comply with the restrictions on transfer set forth in Section 7.2 of the Plan and all applicable laws as set forth in Section 6 of the Terms; . the Shares are subject to restrictions on transfer under Section 5.6 7.5 of the Plan, under Section 5 ; and • as a condition to any otherwise permitted transfer of the TermsShares, the Corporation may require the transferee to execute a written agreement, in a form acceptable to the Administrator, that the transferee acknowledges and under agrees to the Corporation's Articles of Incorporation foregoing terms and Bylaws;restrictions imposed on the Shares.

Appears in 1 contract

Sources: Stock Option Agreement (SafeNet Holding Corp)