Common use of Additional Conditions to Exercise Clause in Contracts

Additional Conditions to Exercise. The Company may postpone issuing and delivering any Option Shares for so long as the Company determines to be advisable to satisfy the following: · its completing or amending any securities registration or qualification of the Option Shares or its or your satisfying any exemption from registration under any Federal or state law, rule, or regulation; · its receiving proof it considers satisfactory that a person seeking to exercise the Option after your death or Disability (as defined in Schedule I) is authorized and entitled to do so; · your complying with any requests for representations under the Plan; and · your complying with any federal or state tax withholding obligations.

Appears in 2 contracts

Samples: Employment Agreement (School Specialty Inc), Stock Option Agreement (School Specialty Inc)

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Additional Conditions to Exercise. The Company may postpone issuing and delivering any Option Shares for so long as the Company determines to be advisable to satisfy the following: · its completing or amending any securities registration or qualification of the Option Shares or its or your satisfying any exemption from registration under any Federal or state law, rule, or regulation; · its receiving proof it considers satisfactory that a person seeking to exercise the Option after your death or Disability (as defined in Schedule I) is authorized and entitled to do so; · your complying with any requests for representations under the Plan; and · your complying with any federal or state tax withholding obligations.

Appears in 1 contract

Samples: Stock Option Agreement (School Specialty Inc)

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Additional Conditions to Exercise. The Company may postpone issuing and delivering any Option Shares for so long as the Company determines to be advisable to satisfy the following: · (a) its completing or amending any securities registration or qualification of the Option Shares or its or your satisfying any exemption from registration under any Federal or state law, rule, or regulation; · (b) its receiving proof it considers satisfactory that a person seeking to exercise the Option after your death or Disability (as defined in Schedule I) is authorized and entitled to do so; · (c) your complying with any requests for representations under the Plan; and · (d) your complying with any federal Federal, state, or state local tax withholding obligations. 10.

Appears in 1 contract

Samples: Employee Stock Option Agreement

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