This excerpt taken from the MNI 10-K filed Feb 28, 2008.
SECTION 6. LEGALITY OF INITIAL ISSUANCE.
No Shares shall be issued upon the exercise of the SARs unless and until the Company has determined that:
(a) It and the Grantee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof;
(b) Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and
(c) Any other applicable provision of state or federal law has been satisfied.