Securities Laws Restrictions Clause Example from Business Contracts

Securities Laws Restrictions. Regardless of whether the offering and sale of options or Shares under the Plan have been registered under the Securities Act, or have been registered or qualified under the securities laws of any state, the Company at its discretion may impose restrictions upon the sale, pledge or other transfer of such Shares if, in the judgment of the Company, such restrictions are necessary or desirable in order to achieve compliance with the Securities Act or the securities laws of any state or any other la...w or to enforce the intent of this Option Agreement, provided that such restrictions upon the sale, pledge or other transfer of such Shares be no greater than such restrictions on the sale, pledge or other transfer of Shares owned by Star Atlantic Waste Holdings II, L.P. ("SAWH") or any affiliate (as such term is defined in the Shareholders Agreement) of SAWH. View More