CYN » Topics » 4.4 COMPLIANCE WITH LAWS

This excerpt taken from the CYN 10-K filed Mar 15, 2006.

4.4      COMPLIANCE WITH LAWS

 

                This Plan, the granting and vesting of Options under this Plan and the offer, issuance and delivery of Shares and/or the payment of money under this Plan or under Options granted hereunder are subject to compliance with all applicable federal and state laws, rules and regulations (including, but not limited to, state and federal securities laws and federal margin requirements) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Corporation, be necessary or advisable in connection therewith. Any securities delivered under this Plan shall be subject to such restrictions, and the person acquiring such securities shall, if requested by the Corporation, provide such assurances and representations to the Corporation as the Corporation may deem necessary or desirable to assure compliance with all applicable legal requirements.

 

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