Certain Restrictions Clause Example from Business Contracts

Certain Restrictions. By accepting the Restricted Stock, the Director agrees that if at the time of delivery of the shares of Restricted Stock issued hereunder any sale of such shares is not covered by an effective registration statement filed under the Securities Act of 1933 (the "Act"), the Director will acquire the Restricted Stock for the Director's own account and without a view to resale or distribution in violation of the Act or any other securities law, and upon any such acquisition the Director will enter... into such written representations, warranties and agreements as the Company may reasonably request in order to comply with the Act or any other securities law or with this Restricted Stock Agreement. View More