Common use of Compliance with Laws and Exchange Requirements Clause in Contracts

Compliance with Laws and Exchange Requirements. The Company, in its sole discretion, may postpone, cancel, or amend the terms of the vesting and issuance of the PSU Shares or any other action permitted under this Agreement to permit the Company, with reasonable diligence, to complete such stock exchange listing or registration or qualification of the Shares or other required action under any federal or provincial law, rule, or regulation, or applicable stock exchange policies. The Company shall not be obligated by virtue of any provision of this Agreement to recognize the vesting or issue of any PSU Shares or to otherwise sell or issue Shares in violation of any such laws, rules, regulations, or exchange policies.