Restrictions on Exercise Clause Example from Business Contracts

Restrictions on Exercise. This Option may not be exercised until such time as the Plan has been approved by the stockholders of the Company, or if the issuance of such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or regulation, including any rule under Part 207 of Title 12 of the Code of Federal Regulations ("Regulation G") as promulgated by the Federal Reserve Board. As a condition to the exerci...se of this Option, the Company may require the Optionee to make any representation and warranty to the Company as may be required by any applicable law or regulation. View More