Reasonable Restriction. Each Shareholder and the Coating Company agree and acknowledge that the restrictions on Transfer and Issuance imposed by this Agreement are imposed to accomplish legitimate purposes of the Coating Company, and that such restrictions are not more restrictive than necessary to accomplish those purposes.
Appears in 3 contracts
Sources: Close Corporation and Shareholders' Agreement (WHX Corp), Close Corporation and Shareholders' Agreement (Wheeling Pittsburgh Corp /De/), Shareholder Agreements (Wheeling Pittsburgh Corp /De/)