Restrictions on Sale of Securities Clause Example from Business Contracts

This example Restrictions on Sale of Securities clause appears in 5 contracts from 2 companies

Restrictions on Sale of Securities. The Shares issued as payment for vested Restricted Stock Units under this Agreement will be registered under U.S. federal securities laws and will be freely tradable upon receipt. However, an Employee's subsequent sale of the Shares may be subject to any market blackout-period that may be imposed by the Company and must comply with the Company's insider trading policies, and any other applicable securities laws.