Common use of Compliance with Laws and Regulations Clause in Contracts

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 230 contracts

Samples: Stock Option Agreement, Stock Option Agreement, Stock Option Agreement (Sky440, Inc.)

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Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationHowever, however, the Corporation shall use its best efforts to obtain all such applicable approvals.

Appears in 22 contracts

Samples: Automatic Stock Option Agreement (Tellabs Inc), Automatic Stock Option Agreement (Inet Technologies Inc), Automatic Stock Option Agreement (Advanced Fibre Communications Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) Stock Exchange on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 18 contracts

Samples: Automatic Stock Option Agreement (Sangamo Biosciences Inc), Stock Option Agreement (Matson, Inc.), Stock Option Agreement (Matson, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 17 contracts

Samples: Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.), Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.), Non Statutory Stock Option Agreement (Vitro Biopharma, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange Stock Exchange (or the Nasdaq National Stock Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best reasonable efforts to obtain all such approvals.

Appears in 14 contracts

Samples: Stock Option Agreement (Corvel Corp), Stock Option Agreement (Corvel Corp), Stock Option Agreement (Corvel Corp)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law Applicable Laws relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuancethereto. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 11 contracts

Samples: Stock Option Agreement, Stock Option Agreement, Stock Option Agreement (Gilead Sciences Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law Applicable Laws relating thereto and with all applicable regulations of any stock exchange (or thereto, as determined by counsel for the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuanceCompany. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its reasonable best efforts to obtain all such approvals.

Appears in 8 contracts

Samples: Global Stock Option Agreement (Gilead Sciences, Inc.), Global Stock Option Agreement (Gilead Sciences Inc), Global Stock Option Agreement (Gilead Sciences Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, Market if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 8 contracts

Samples: Automatic Stock Option Agreement (Atlantic Pharmaceuticals Inc), Automatic Stock Option Agreement (Smith Micro Software Inc), Stock Option Agreement (Coldwater Creek Inc)

Compliance with Laws and Regulations. (a) a. The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) b. The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 5 contracts

Samples: Employment Agreement (Hyperion Solutions Corp), Stock Option Agreement (Websense Inc), Stock Option Agreement (Graphon Corp/De)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange Stock Exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 5 contracts

Samples: Stock Option Agreement (Acacia Research Corp), Stock Option Agreement (Multilink Technology Corp), Stock Option Agreement (CombiMatrix Corp)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) quotation system on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 4 contracts

Samples: Stock Option Agreement (Intrusion Inc), Automatic Stock Option Agreement (Intrusion Inc), Automatic Stock Option Agreement (Intrusion Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 4 contracts

Samples: Stock Option Agreement (Caribou Biosciences, Inc.), Stock Option Agreement (Caribou Biosciences, Inc.), Stock Option Agreement (Corsair Components, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.such

Appears in 4 contracts

Samples: Stock Option Agreement (Iss Group Inc), Stock Option Agreement (Cisco Systems Inc), Stock Option Agreement (Smith Micro Software Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any applicable stock exchange (or the Nasdaq National Market, if applicable) quotation system on which the Common Stock may be listed for trading traded at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 4 contracts

Samples: Stock Option Agreement (Active Network Inc), Stock Option Agreement (Active Network Inc), Stock Option Agreement (Cisco Systems Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best reasonable efforts to obtain all such approvals.

Appears in 4 contracts

Samples: Stock Option Agreement (Borland Software Corp), Stock Option Agreement (Borland Software Corp), Automatic Stock Option Agreement (Borland Software Corp)

Compliance with Laws and Regulations. (a) a. The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National MarketNasdaq, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) b. The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 4 contracts

Samples: Stock Option Grant (Rx Technology Holdings Inc), Stock Option Grant (Ultimate Sports Entertainment Inc), Stock Option Grant (Xenonics Holdings, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-non- issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 4 contracts

Samples: Automatic Stock Option Agreement (Restoration Hardware Inc), Stock Option Agreement (Endorex Corp), Stock Option Agreement (Register Com Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Class A Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Class A Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Class A Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 4 contracts

Samples: Stock Option Agreement (Odetics Inc), Automatic Stock Option Agreement (Atl Products Inc), Stock Option Agreement (Odetics Inc)

Compliance with Laws and Regulations. (a) The exercise of this option Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange the Nasdaq SmallCap Market (or the Nasdaq National Marketany Stock Exchange, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option Option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 3 contracts

Samples: Stock Option Agreement (Positron Corp), Stock Option Agreement (Sonomawest Holdings Inc), Stock Option Agreement (Sonomawest Holdings Inc)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance acquisition of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee the Option Holder with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock Shares may be listed for trading at the time of such exercise and issuanceacquisition. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option the Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock Shares as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 3 contracts

Samples: Share Option Agreement, Share Option Agreement (Cisco Systems Inc), Share Option Agreement (Cisco Systems Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee the Participant with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) Stock Exchange on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 3 contracts

Samples: Performance Based Stock Option Agreement (Veritone, Inc.), Stock Option Agreement (Veritone, Inc.), Stock Option Agreement (Iteris, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 3 contracts

Samples: Non Statutory Stock Option Agreement (1 800 Flowers Com Inc), Non Statutory Stock Option Agreement (1 800 Flowers Com Inc), Incentive Stock Option Agreement (1 800 Flowers Com Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares to the broker upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law (including without limitation, approval of the Plan by the China State Administration of Foreign Exchange and other local laws in the countries of Optionee’s employment and residence) relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Capital Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (Pansoft CO LTD), Stock Option Agreement (Pansoft CO LTD)

Compliance with Laws and Regulations. (a) a. The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) inter-dealer quotation system on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) b. The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Merger Agreement (Discovery Laboratories Inc /De/), Merger Agreement (Discovery Laboratories Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Global or Global Select Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (Cognizant Technology Solutions Corp), Stock Option Agreement (Cognizant Technology Solutions Corp)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange Stock Exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (Alphasmart Inc), Stock Option Agreement (Alphasmart Inc)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option the Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationHowever, however, the Company shall use its best efforts to obtain all such applicable approvals.

Appears in 2 contracts

Samples: Inducement Stock Option Agreement (InfuSystem Holdings, Inc), Inducement Stock Option Agreement (InfuSystem Holdings, Inc)

Compliance with Laws and Regulations. (a) The exercise of this option Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, Nasdaq Small Cap Market or OTC Bulletin Board, if applicable) on which the Common Stock may be listed for trading or quotation at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (Avax Technologies Inc), Stock Option Agreement (Avax Technologies Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any U.S., state, local, or foreign stock exchange (or the Nasdaq National Global Select Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Global Stock Option Agreement (Sandisk Corp), Stock Option Agreement (Sandisk Corp)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (CTC Media, Inc.), Stock Option Agreement (CTC Media, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option each Substitute Option and the issuance of the Option Shares upon such the exercise of that Substitute Option shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) Stock Exchange on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option one or more Substitute Options shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Universal Stock Option Agreement (A & B II, Inc.), Universal Stock Option Agreement (A & B II, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Autobytel and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Autobytel to obtain approval from any regulatory body having authority deemed by the Corporation Autobytel to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option the Option shall relieve the Corporation Autobytel of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationHowever, however, Autobytel shall use its best efforts to obtain all such applicable approvals.

Appears in 2 contracts

Samples: Employment Agreement (Autobytel Inc), Inducement Stock Option Agreement (Autobytel Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. ; (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (Capital Reserve Canada LTD), Stock Option Agreement (Capital Reserve Canada LTD)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National MarketStock Market or Over-the-Counter Bulletin Board, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (United Fuel & Energy Corp), Non Statutory Stock Option Agreement (United Fuel & Energy Corp)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee Participant with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (Pharmacyclics Inc), Stock Option Agreement (Discovery Laboratories Inc /De/)

Compliance with Laws and Regulations. (a) The exercise of this option Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National MarketStock Market or Over-the-Counter Bulletin Board, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (United Fuel & Energy Corp), Incentive Stock Option Agreement (United Fuel & Energy Corp)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq NASDAQ National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Grant of Stock Option (White Mountain Titanium Corp), Grant of Stock Option (Caneum Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-non- issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Option Agreement, Option Agreement

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq The NASDAQ National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (CTC Media, Inc.), Stock Option Agreement (CTC Media, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq The NASDAQ National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (CTC Media, Inc.), Stock Option Agreement (CTC Media, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee (or any other person or persons exercising the Option) with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option the Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Non Plan Stock Option Agreement, Non Plan Stock Option Agreement (Construction Partners, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee Participant with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 2 contracts

Samples: Stock Option Agreement (Xo Group Inc.), Stock Option Agreement (Xo Group Inc.)

Compliance with Laws and Regulations. (ai) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock Shares may be listed for trading at the time of such exercise and issuance. (bii) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock Shares pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock Shares as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Share Option Agreement (Cisco Systems Inc)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Common Stock or Option Shares Stock upon such exercise shall be subject to compliance by the Corporation (and Stellex Industries) and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq NASDAQ National Market, if applicable) on which the Option Stock or the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation (or Stellex Industries) to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Option Stock or Common Stock pursuant to this option the Option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Option Stock or the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Option Agreement (Stellex Industries Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) Stock Exchange on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.. 1-PA/3708142.1

Appears in 1 contract

Samples: Stock Option Agreement (SJW Group)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, Market if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.the

Appears in 1 contract

Samples: Automatic Stock Option Agreement (Cerplex Group Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market or the Nasdaq Small Cap Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationHowever, however, the Corporation shall use its best efforts to obtain all such applicable approvals.

Appears in 1 contract

Samples: Automatic Stock Option Agreement (Overseas Filmgroup Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements requirement of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Allaire Corp)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.Stock

Appears in 1 contract

Samples: Automatic Stock Option Agreement (View Tech Inc)

Compliance with Laws and Regulations. (aa.) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (bb.) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationHowever, however, the Corporation shall use its best efforts to obtain all such applicable approvals.

Appears in 1 contract

Samples: Automatic Stock Option Agreement (Vialink Co)

Compliance with Laws and Regulations. (ai) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (bii) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Class A Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Class A Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-non- issuance or sale of the Class A Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Automatic Stock Option Agreement (Odetics Inc)

Compliance with Laws and Regulations. (a) The exercise of this option Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option Option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Fender Musical Instruments Corp)

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Compliance with Laws and Regulations. (a) A. The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) B. The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Rhythms Net Connections Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the The Nasdaq National Global Select Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (CTC Media, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any established stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Websense Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange Stock Exchange (or the Nasdaq National MarketNASDAQ, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Heatwurx, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange Stock Exchange (or the Nasdaq NASDAQ National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Paystar Corp)

Compliance with Laws and Regulations. (a) The exercise of this option Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law laws, regulations and rules relating thereto and with thereto, including all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock Shares may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock Shares pursuant to this option Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock Shares as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Cisco Systems Inc)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee the Recipient with all applicable requirements of applicable law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Stock Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option the Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Staar Surgical Company)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) Stock Exchange on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (DFC Global Corp.)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option the Option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Employment Agreement (Micromuse Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock Shares may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock Shares pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock Shares as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Share Option Agreement (Uproar Inc)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and the Optionee with all applicable requirements of applicable law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Stock Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option the Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Staar Surgical Company)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory regulator body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Automatic Stock Option Agreement (Digital Island Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq NASDAQ National Market, if applicable) and regulations of the OTC Bulletin Board on which the Common Stock may be listed for trading and traded at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. , The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Fifth Avenue Acquisition I Corp)

Compliance with Laws and Regulations. (a) 1. The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and the Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (Stock Exchange, or the Nasdaq National Market, if applicable) , on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) 2. The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Encad Inc)

Compliance with Laws and Regulations. (a) a. The exercise of this option Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock national securities exchange (or the Nasdaq National MarketStock Market or the Over-the-Counter Bulletin Board, if applicable) on which the Common Stock may be listed or quoted for trading at the time of such exercise and issuance. (b) b. The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option Option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Sino Clean Energy Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq NASDAQ National Market, Market if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Vertex Pharmaceuticals Inc / Ma)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuancethereto. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Network Appliance Inc)

Compliance with Laws and Regulations. (aa.) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (bb.) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-non- issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Distribution and Services Agreement (Organicnet Inc)

Compliance with Laws and Regulations. (a) The exercise of this the option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any national stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this the option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Automatic Stock Option Agreement (Westaff Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq The NASDAQ National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability with respect to the non-issuance or sale 4 Table of Contents of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (CTC Media, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals. 13.

Appears in 1 contract

Samples: Stock Option Agreement (Emcore Corp)

Compliance with Laws and Regulations. (a) a. The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) b. The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-non- issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Comps Com Inc)

Compliance with Laws and Regulations. (a) a. The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, Market if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) b. The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Phase Metrics Inc)

Compliance with Laws and Regulations. (a) The exercise of this option Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National MarketMarket or OTC Bulletin Board, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option Option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Electronic Sensor Technology, Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Global Market, if applicable) on which the Common Stock or Class A Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock or Class A Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock or Class A Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Kior Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq NASDAQ National MarketMarket(R), if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Broadcom Corp)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any applicable stock exchange (or the Nasdaq National Market, if applicable) quotation system on which the Common Stock may be listed for trading traded at the time of such exercise and issuance. The Option cannot be exercised if doing so would violate the Corporation’s internal policies, including, but not limited to, its xxxxxxx xxxxxxx policy. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option the Option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Biolase, Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange Stock Exchange (or the Nasdaq Small Cap or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Legacy Software Inc)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market or the Nasdaq Small Cap Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Overseas Filmgroup Inc)

Compliance with Laws and Regulations. (a) The exercise of this option the Option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq NASDAQ National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option the Option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Employment Agreement (Micromuse Inc)

Compliance with Laws and Regulations. (a) a. The exercise of this option and the issuance of the Option Shares shares of Common Stock upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National MarketNasdaq, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) b. The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The Corporation, however, shall use its best reasonable efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Grant (Xenonics Holdings, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation Company and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation Company to obtain approval from any regulatory body having authority deemed by the Corporation Company to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation Company of any liability 1iability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationCompany, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Executive Employment Agreement (Vitro Biopharma, Inc.)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock Ordinary Shares may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock Ordinary Shares pursuant to this option shall relieve the Corporation of any liability with respect to the non-non- issuance or sale of the Common Stock Ordinary Shares as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Barbeques Galore LTD)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-non- issuance or sale of the Common Stock as to which such approval shall not have been obtained. The CorporationHowever, however, the Corporation shall use its best efforts to obtain all such applicable approvals.

Appears in 1 contract

Samples: Automatic Stock Option Agreement (Endorex Corp)

Compliance with Laws and Regulations. (a) The exercise of this option and the issuance of the Option Shares upon such exercise shall be subject to compliance by the Corporation and Optionee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange (or the Nasdaq National Market or Small Cap Market, if applicable) on which the Common Stock may be listed for trading at the time of such exercise and issuance. (b) The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock Stock, as to which such approval shall not have been obtained. The Corporation, however, shall use its best efforts to obtain all such approvals.

Appears in 1 contract

Samples: Stock Option Agreement (Murdock Communications Corp)

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