Common use of Deferral of Issuance of Shares Clause in Contracts

Deferral of Issuance of Shares. Anything in this Agreement to the contrary notwithstanding, if, at any time specified herein for the issuance of Shares to Optionee, any law, or any regulation or requirement of the U. S. Securities and Exchange Commission or other governmental authority having jurisdiction over such matter shall require either the Corporation or Optionee to take any action in connection with the Shares then to be issued, the issuance of such Shares shall be deferred until such action shall have been taken; the Corporation shall be under no obligation to take such action; and the Corporation shall have no liability whatsoever as a result of the non-issuance of such shares, except to refund to Optionee any consideration tendered in respect of the Purchase Price.

Appears in 5 contracts

Samples: Non Plan Stock Option Agreement (Vapor Corp.), Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc), Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

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Deferral of Issuance of Shares. Anything in this Agreement to the contrary notwithstanding, if, at any time specified herein for the issuance issue of Shares shares to Optionee, any law, or any regulation or requirement of the U. S. Securities and Exchange Commission or other governmental authority having jurisdiction over such matter in the premises shall require either the Corporation Company or Optionee to take any action in connection with the Shares shares then to be issued, the issuance issue of such Shares shares shall be deferred until such action shall have been taken; the Corporation Company shall be under no obligation to take such action; and the Corporation Company shall have no liability whatsoever as a result of the non-issuance of such shares, except to refund to Optionee any consideration tendered in respect of the Purchase Priceexercise price.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Youcentric Inc), Nonqualified Stock Option Agreement (Youcentric Inc), Nonqualified Stock Option Agreement (Youcentric Inc)

Deferral of Issuance of Shares. Anything in this Agreement to the contrary notwithstanding, if, at any time specified herein for the issuance of Shares to Optionee, any law, or any regulation or requirement of the U. S. Securities and Exchange Commission or other governmental authority having jurisdiction over such matter shall require either the Corporation or Optionee to take any action in connection with the Shares then to be issued, the issuance of such Shares shall be deferred until such action shall have been taken; the Corporation shall be under no obligation to take such action; and the Corporation shall have no liability whatsoever as a result of the non-issuance of such shares, except to refund to Optionee any consideration tendered in respect of the Purchase Price.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc), Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

Deferral of Issuance of Shares. Anything in this Agreement to the contrary notwithstanding, if, at any time specified herein for the issuance issue of Shares shares to Optionee, any law, or any regulation or requirement of the U. S. Securities and Exchange Commission or other governmental authority having jurisdiction over such matter in the premises shall require either the Corporation or Optionee to take any action in connection with the Shares shares then to be issued, the issuance issue of such Shares shares shall be deferred until such action shall have been taken; the Corporation shall be under no obligation to take such action; and the Corporation shall have no liability whatsoever as a result of the non-issuance of such shares, except to refund to Optionee any consideration tendered in respect of the Purchase Priceexercise price.

Appears in 2 contracts

Samples: Employment Agreement (Broadband Technologies Inc /De/), Nonqualified Stock Option Agreement (Youcentric Inc)

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Deferral of Issuance of Shares. Anything in this Agreement to the contrary notwithstanding, if, at any time specified herein for the issuance of Shares to Optionee, any law, or any regulation or requirement of the U. S. Securities and Exchange Commission or other governmental authority having jurisdiction over such matter in the premises shall require either the Corporation or Optionee to take any action in connection with the Shares then to be issued, the issuance of such Shares shall be deferred until such action shall have been taken; the Corporation shall be under no obligation to take such action; and the Corporation shall have no liability whatsoever as a result of the non-issuance of such shares, except to refund to Optionee any consideration tendered in respect of the Purchase Price.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

Deferral of Issuance of Shares. Anything in this Agreement to the contrary notwithstanding, if, at any time specified herein for the issuance issue of Shares shares to Optionee, any law, or any regulation or requirement of the U. S. Securities and Exchange Commission or other governmental authority having jurisdiction over such matter in the premises shall require either the Corporation or Optionee to take any action in connection with the Shares shares then to be issued, the issuance issue of such Shares shares shall be deferred until such action shall have been taken; the Corporation shall be under no obligation to take such action; and the Corporation shall have no liability whatsoever as a result of the non-issuance of such shares, except to refund to Optionee any consideration tendered in respect of the Purchase Price.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Krispy Kreme Doughnuts Inc)

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