Common use of Conditions to Issuance of Shares Clause in Contracts

Conditions to Issuance of Shares. The Shares to be issued upon the exercise of the Option, or any portion thereof, shall be issued by the Board under the authorized share capital of the Company. Such Shares shall be fully paid and nonassessable. The Company shall not be required to issue any Shares upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 6 contracts

Samples: Stock Option Agreement (Perimeter Solutions, SA), Stock Option Agreement (Perimeter Solutions, SA), Stock Option Agreement (Perimeter Solutions, SA)

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Conditions to Issuance of Shares. The Shares to be issued deliverable upon the exercise of the Option, or any portion thereof, shall may be either previously authorized but unissued Shares or issued Shares which have then been reacquired by the Board under the authorized share capital of the Company. Such Shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any Shares purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:conditions of the Plan.

Appears in 5 contracts

Samples: Employment Agreement (Progressive Care Inc.), Employment Agreement (Progressive Care Inc.), Restricted Stock Unit Agreement (Progressive Care Inc.)

Conditions to Issuance of Shares. The Shares to be issued delivered upon the exercise of the Option, or any portion thereofthereof in accordance with Section 3.1 of this Agreement, shall may be issued by the Board under the previously authorized share capital of the Companybut unissued Shares. Such Shares shall be fully paid and nonassessablepaid. The Company shall not be required to issue or deliver any certificates representing such Shares or their electronic equivalent issued upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 3 contracts

Samples: Option Award Agreement (Willis Group Holdings PLC), Option Award Agreement (Willis Group Holdings PLC), Restricted Share Unit Award Agreement (Willis Group Holdings PLC)

Conditions to Issuance of Shares. The Shares to be issued delivered upon the exercise of the Option, or any portion thereofthereof in accordance with Section 3.1 of this Agreement, shall may be issued by the Board under the either previously authorized share capital of the Companybut unissued Shares. Such Shares shall be fully paid and nonassessablepaid. The Company shall not be required to issue or deliver any certificates representing such Shares or their electronic equivalent issued upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 2 contracts

Samples: Share Option Award Agreement, Share Option Award Agreement (Willis Group Holdings PLC)

Conditions to Issuance of Shares. The Shares to be issued issuable upon the exercise of the Option, or any portion thereof, shall not be required to be so physically issued to the Optionee. For the avoidance of doubt, Shares shall be deemed to have been issued when evidenced by the Board under the authorized share capital of entry in the Company’s shareholder register. Such Shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for Shares acquired upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 2 contracts

Samples: Performance Stock Option Agreement (Nielsen Holdings PLC), Performance Stock Option Agreement (Nielsen Holdings PLC)

Conditions to Issuance of Shares. The Shares to be issued deliverable upon the exercise of the an Option, or any portion thereof, shall may be either previously authorized but unissued Shares or issued Shares held by the Board under the authorized share capital of the Companyany other person. Such Shares shall be fully paid and nonassessablepaid. The Company shall not be required to issue or deliver any certificates representing such Shares or their electronic equivalent granted upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Option Agreement (Willis Group Holdings PLC)

Conditions to Issuance of Shares. The Shares to be issued deliverable upon the exercise of the an Option, or any portion thereof, shall may be either previously authorized but unissued Shares or issued Shares held by the Board under the authorized share capital of the Companyany other person. Such Shares shall be fully paid and nonassessablepaid. The Company shall not be required to issue or deliver any Shares granted upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Option Agreement (Willis Group Holdings LTD)

Conditions to Issuance of Shares. The Shares to be issued delivered upon the exercise of the an Option, or any portion thereof, shall in accordance with Section 3.1 of this Agreement may be either previously authorized but unissued Shares or issued Shares held by the Board under the authorized share capital of the Companyany other person. Such Shares shall be fully paid and nonassessablepaid. The Company shall not be required to issue or deliver any certificates representing such Shares or their electronic equivalent granted upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Option Agreement (Willis Group Holdings PLC)

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Conditions to Issuance of Shares. The Shares to be issued deliverable upon the exercise of the Option, or any portion thereof, shall may be either previously authorized but unissued Shares or issued Shares that have then been reacquired by the Board under the authorized share capital of the Company. Such Shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any Shares purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:conditions in Section 18 of the Plan.

Appears in 1 contract

Samples: Stock Option Agreement (Affirm Holdings, Inc.)

Conditions to Issuance of Shares. The Shares to be issued deliverable upon the exercise of the Option, or any portion thereof, shall may be either previously authorized but unissued Shares or issued Shares which have then been reacquired by the Board under the authorized share capital of the Company. Such Shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any Shares purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the conditions in Section 10.7 of the Plan and following conditions:

Appears in 1 contract

Samples: Registration Rights Agreement (Broadscale Acquisition Corp.)

Conditions to Issuance of Shares. The Shares to be issued deliverable upon the exercise of the an Option, or any portion thereof, shall may be either previously authorized but unissued Shares or issued Shares held by the Board under the authorized share capital of the Companyany other person. Such Shares shall be fully paid and nonassessablepaid. The Company shall not be required to issue or deliver any certificates representing such Shares or their electronic equivalents granted upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Performance Based Option Agreement (Willis Group Holdings PLC)

Conditions to Issuance of Shares. The Shares to be issued delivered upon the exercise of the Option, or any portion thereofthereof in accordance with Section 3.1 of this Agreement, shall may be issued by the Board under the either previously authorized share capital of the Companybut unissued Shares. Such Shares shall be fully paid and nonassessablepaid. The Company shall not be required to issue deliver any certificates representing such Shares (or their electronic equivalent) issued upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Time Based Share Option Award Agreement (Willis Towers Watson PLC)

Conditions to Issuance of Shares. The Shares to be issued delivered upon the exercise of the an Option, or any portion thereofthereof in accordance with Section 3.1 of this Agreement, shall may be either previously authorized but unissued Shares or issued by the Board under the authorized share capital of the CompanyShares. Such Shares shall be fully paid and nonassessablepaid. The Company shall not be required to issue or deliver any certificates representing such Shares or their electronic equivalent granted upon the exercise of the an Option or portion thereof prior to fulfillment of all of the following conditions:

Appears in 1 contract

Samples: Option Agreement (Willis Group Holdings PLC)

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