Conditions to Delivery of Option Shares. The obligation of the Grantor to deliver Option Shares upon any exercise of the Stock Option is subject to the following conditions: (a) Such delivery or payment shall not in any material respect violate, or otherwise cause the material violation of, the rules and regulations of the NASD or any material Law, including, without limitation, the HSR Act, applicable to such exercise of the Stock Option and the delivery of the Option Shares or payment of the Spread in respect of such exercise; and (b) There shall be no preliminary or permanent injunction or other order by any court of competent jurisdiction preventing or prohibiting such exercise of the Stock Option or the delivery of the Option Shares or payment of the Spread in respect of such exercise.
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Samples: Stock Option Agreement (Cell Genesys Inc), Stock Option Agreement (Cell Genesys Inc)
Conditions to Delivery of Option Shares. The obligation of the Grantor to deliver Option Shares upon any exercise of the Stock Option is subject to the following conditions:
(a) Such delivery or payment shall not in any material respect violate, or otherwise cause the material violation of, the rules and regulations of the NASD or any material Law, including, without limitation, the HSR Act, applicable to such exercise of the Stock Option and the delivery of the Option Shares or payment of the Spread in respect of such exercise; and
(b) There shall be no preliminary or permanent injunction or other order by any court of competent jurisdiction preventing or prohibiting such exercise of the Stock Option or the delivery of the Option Shares or payment of the Spread in respect of such exercise.. 4 4
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Samples: Stock Option Agreement (Somatix Therapy Corporation)
Conditions to Delivery of Option Shares. The obligation of the Grantor to deliver Option Shares upon any exercise of the Stock Option is subject to the following conditions:
(a) Such delivery or payment shall not in any material respect violate, or otherwise cause the material violation of, the rules and regulations of the NASD or any material Law, including, without limitation, the HSR Act, applicable to such exercise of the Stock Option and the delivery of the Option Shares or payment of the Spread in respect of such exercise; and
(b) There shall be no preliminary or permanent injunction or other order by any court of competent jurisdiction preventing or prohibiting such exercise of the Stock Option or the delivery of the Option Shares or payment of the Spread in respect of such exercise.. Pages 15 of 97 Pages
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