This excerpt taken from the GWW 10-Q filed Aug 2, 2006.
21.6 Delivery of Title. The Company shall have no obligation to issue or deliver evidence of title for Shares issued under this Plan prior to:
Obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and
Completion of any registration or other qualification of the Shares under any applicable national or foreign law or ruling of any governmental body that the Company determines to be necessary or advisable.