RESTRICTIONS ON ISSUING SHARES. No Shares shall be issued or transferred to an Employee under the Plan unless and until all applicable legal requirements have been complied with to the satisfaction of the Committee. The Committee shall have the right to condition the acquisition of Shares on the Grantee's undertaking in writing to comply with such restrictions on any subsequent disposition of the Shares issued or transferred thereunder as the Committee shall deem necessary or advisable as a result of any applicable law, regulation, official interpretation thereof, or any underwriting agreement.
Appears in 3 contracts
Sources: Employment Agreement (Claires Stores Inc), Employment Agreement (Claires Stores Inc), Employment Agreement (Claires Stores Inc)