Common use of Company Authority Clause in Contracts

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 12 contracts

Samples: Non Qualified Stock Option Agreement (Dais Analytic Corp), Stock Option Agreement (Firepond Inc), Stock Option Agreement (Firepond Inc)

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Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's ’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 10 contracts

Samples: Inducement Non Qualified Stock Option Agreement (Arctic Cat Inc), Inducement Non Qualified Stock Option Agreement (Arctic Cat Inc), Incentive Stock Option Agreement (Arctic Cat Inc)

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's ’s capital structure or its business, business or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or of the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (Arctic Cat Inc), Non Qualified Stock Option Agreement (Arctic Cat Inc), Incentive Stock Option Agreement (Transport Corporation of America Inc)

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's ’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, additional Stock, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. The Optionee hereby acknowledges that his equity interest in the Company is subject to potential dilution.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (M Wave Inc), Non Qualified Stock Option Agreement (M Wave Inc), Non Qualified Stock Option Agreement (M Wave Inc)

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's ’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 3 contracts

Samples: Employee Non Disclosure and Non Compete Agreement, Employee Non Disclosure and Non Compete Agreement, Employee Non Disclosure and Non Compete Agreement (Dais Analytic Corp)

Company Authority. The existence of the This Option herein granted shall does not affect in any way the right or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's ’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, additional Common Stock, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Angeion Corp/Mn), Incentive Stock Option Agreement (Angeion Corp/Mn), Incentive Stock Option Agreement (Angeion Corp/Mn)

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's ’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Dais Analytic Corp), Nonqualified Stock Option Agreement (Dais Analytic Corp)

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Peoples Educational Holdings), Employment Agreement (Peoples Educational Holdings)

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Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's capital structure or of its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 1 contract

Samples: License Agreement (CNS Inc /De/)

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's ’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, additional Common Stock, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. The Optionee hereby acknowledges that the Optionee’s equity interest in the Company is subject to potential dilution.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (US BioEnergy CORP)

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company company or its shareholders stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's ’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate corporation act or proceeding, whether of a similar character or otherwise.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Transport Corporation of America Inc)

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Dais Analytic Corp)

Company Authority. The existence of the Option herein granted shall not affect in any way the right or power of the Company or its shareholders stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company's ’s capital structure or of its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock securities ahead of or affecting the Common Stock of the Company or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Compellent Technologies Inc)

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