Common use of Conditions Precedent to Exercise of Option Clause in Contracts

Conditions Precedent to Exercise of Option. In the event that the exercise of the Option or the issuance and delivery of the shares hereunder shall be subject to, or shall require, any prior exchange listing, prior approval of the stockholders of the Company, or other prior condition or act, pursuant to the applicable laws, regulations or policies of any stock exchange, federal or local government or its agencies or representatives, and/or pursuant to the Plan, then the Option shall not be deemed to be exercisable under this Grant until such condition is satisfied. The Company shall not be liable in any manner to Optionee or any other party for any failure or delay by the Company on its part to fulfill any such condition, and any such failure or delay shall not extend the term of the Option.

Conditions Precedent to Exercise of Option. In the event that the ----------------------------------------------- exercise of the Option or the issuance and delivery of the shares hereunder shall be subject to, or shall require, any prior exchange listing, prior approval of the stockholders of the CompanyCorporation, or other prior condition or act, pursuant to the applicable laws, regulations or policies of any stock exchange, federal or local government or its agencies or representatives, and/or pursuant to the Plan, then the Option shall not be deemed to be exercisable under this Grant Agreement until such condition is satisfied. The Company Corporation shall not be liable in any manner to Optionee or any other party for any failure or delay by the Company Corporation on its part to fulfill any such condition, and any such failure or delay shall not extend the term of the Option.

Conditions Precedent to Exercise of Option. In the event that the exercise of the Option or the issuance and delivery of the shares hereunder shall be subject to, or shall require, any prior exchange listing, prior approval of the stockholders of the CompanyCorporation, or other prior condition or act, pursuant to the applicable laws, regulations or policies of any stock exchange, federal or local government or its agencies or representatives, and/or pursuant to the Plan, then the Option shall not be deemed to be exercisable under this Grant until such condition is satisfied. The Company Corporation shall not be liable in any manner to Optionee or any other party for any failure or delay by the Company Corporation on its part to fulfill any such condition, and any such failure or delay shall not extend the term of the Option.

Conditions Precedent to Exercise of Option. In the event that the ----------------------------------------------- exercise of the Option or the issuance and delivery of the shares hereunder shall be subject to, or shall require, any prior exchange listing, prior approval of the stockholders of the CompanyCorporation, or other prior condition or act, pursuant to the applicable laws, regulations or policies of any stock exchange, federal or local government or its agencies or representatives, and/or pursuant to the Plan, then the Option shall not be deemed to be exercisable under this Grant until such condition is satisfied. The Company Corporation shall not be liable in any manner to Optionee or any other party for any failure or delay by the Company Corporation on its part to fulfill any such condition, and any such failure or delay shall not extend the term of the Option.