Securities Law Requirements Clause Example from Business Contracts

This example Securities Law Requirements clause appears in 3 contracts from 3 companies

Securities Law Requirements. The Company shall not be obligated to transfer any Shares following the settlement of Restricted Stock Units to the Participant free of a restrictive legend if such transfer, in the opinion of counsel for the Company, would violate the Securities Act of 1933, as amended (the "Securities Act") (or any other federal or state statutes having similar requirements as may be in effect at that time).