COMPLIANCE WITH THE ACT. Notwithstanding any provision herein or in the Plan to the contrary, the Company shall be under no obligation to issue any shares of Common Stock to the Optionee upon exercise of the Option granted hereby unless and until the Company has determined that such issuance is either exempt from registration, or is registered, under the Act and is either exempt from registration and qualification, or is registered or qualified, as applicable, under all applicable state securities or "blue sky" laws.
Appears in 13 contracts
Samples: Statutory Incentive Stock Option Agreement (HLM Design Inc), Nonstatutory Stock Option Agreement (HLM Design Inc), Nonstatutory Stock Option Agreement (HLM Design Inc)
COMPLIANCE WITH THE ACT. Notwithstanding any provision herein to the contrary or in the Plan to the contraryPlan, the Company shall be under no obligation to issue any shares of Common Stock to the Optionee upon exercise of the Option granted hereby unless and until the Company has determined that such issuance is either exempt from registration, or is registered, under the Act and is either exempt from registration and qualification, or is registered or qualified, as applicable, under all applicable state securities or "blue sky" laws.
Appears in 7 contracts
Samples: Statutory Incentive Stock Option Agreement (Sonic Automotive Inc), Statutory Incentive Stock Option Agreement (Speedway Motorsports Inc), Nonstatutory Stock Option Agreement and Grant (Speedway Motorsports Inc)
