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 the restrictions on transfer set forth in Section 5.7 of the Plan and all applicable laws as set forth in Section 8.1 of the Plan; • the Shares are subject to, and following any otherwise permitted transfer of the Shares, the Shares shall remain subject to and the transferee shall be bound by, the foregoing provisions of this Section 3 and the arbitration provisions of Section 10 of the Terms; and • as a condition to any otherwise permitted transfer of the Shares, the Company may require the transferee to execute a written agreement, in a form acceptable to the Administrator, that the transferee acknowledges and agrees to the foregoing terms and restrictions imposed on the Shares.

Appears in 1 contract

Sources: Incentive Stock Option Agreement (WuXi PharmaTech (Cayman) 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 5.7 5.2(e) of the Plan and all applicable laws as set forth in Section 8.1 13.10 of the Plan; · the Shares are subject to, and following any otherwise permitted transfer of the Shares, the Shares shall remain subject to and the transferee shall be bound by, the lock-up provisions set forth in Section 8 of the Terms, the foregoing provisions of this Section 3 and the arbitration provisions of Section 10 13 of the Terms; and · as a condition to any otherwise permitted transfer of the Shares, the Company Corporation may require the transferee to execute a written agreement, in a form acceptable to the AdministratorCommittee, that the transferee acknowledges and agrees to the foregoing terms and restrictions imposed on the Shares.

Appears in 1 contract

Sources: Employee Share Option Agreement (Origin Agritech LTD)

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 5.7 of the Plan and all applicable laws as set forth in Section 8.1 of the Plan; • the Shares are subject to, and following any otherwise permitted transfer of the Shares, the Shares shall remain subject to and the transferee shall be bound by, the lock-up provisions set forth in Section 7 of the Terms, the foregoing provisions of this Section 3 and the arbitration provisions of Section 10 12 of the Terms; and • as a condition to any otherwise permitted transfer of the Shares, the Company Corporation may require the transferee to execute a written agreement, in a form acceptable to the Administrator, that the transferee acknowledges and agrees to the foregoing terms and restrictions imposed on the Shares.

Appears in 1 contract

Sources: Employee Share Option Agreement (Acorn International, Inc.)