Common use of Conditions Upon Issuance of Shares Clause in Contracts

Conditions Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any agreement entered into by the Company pursuant to the Plan, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with Applicable Law, with such compliance determined by the Company in consultation with its legal counsel.

Appears in 15 contracts

Samples: Stock Option Award Agreement (Vapotherm Inc), Restricted Share Award Agreement (Commerce Energy Group, Inc.), Restricted Share Award Agreement (Commerce Energy Group, Inc.)

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Conditions Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any agreement entered into by the Company pursuant to the Planthis Agreement, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan this Agreement unless such issuance or delivery would comply with Applicable Lawapplicable laws, with such compliance determined by the Company in consultation with its legal counsel.

Appears in 9 contracts

Samples: Restricted Stock Award Agreement (Ap Pharma Inc /De/), Restricted Stock Award Agreement (Ziprealty Inc), Restricted Stock Award Agreement (Ziprealty Inc)

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Conditions Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any agreement entered into by the Company pursuant to the Plan, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with the Applicable Law, with such compliance determined by the Company in consultation with its legal counsel.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Trizetto Group Inc)

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