Common use of Delivery of Option Shares Clause in Contracts

Delivery of Option Shares. The Company shall, upon payment of the purchase price for the number of Option Shares purchased, make prompt delivery of such Option Shares to the Optionee, provided that if any law or regulation requires the Company to take any action with respect to such Option Shares before the issuance thereof, then the date of delivery of such Option Shares shall be extended for the period necessary to complete such action.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Verenium Corp), Non Qualified Stock Option Agreement (Diversa Corp), Incentive Stock Option Agreement (Verenium Corp)

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Delivery of Option Shares. The Company shall, upon payment shall ------------------------- make immediate delivery of the purchase price for the number of Option Shares purchased, make prompt delivery of such Option Shares to the Optioneeupon payment, provided that if any law or regulation requires the Company to take any action with respect to such the Option Shares specified in such notice before the issuance thereofthereof (and the Company shall use its best efforts to take such action), then the date of delivery of such Option Shares shall be extended for the period necessary to complete take such action.

Appears in 1 contract

Samples: Stock Option Agreement (Computer Products Inc)

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Delivery of Option Shares. The Company shall, upon payment Corporation shall make immediate delivery of the purchase price for the number of Option Shares purchased, make prompt delivery of such Option Shares to the Optionee, provided that if any law or regulation requires the Company Corporation to take any action with respect to such the Option Shares before the issuance thereof, then the date of delivery of such Option Shares shall be extended for the period necessary to complete take such action.

Appears in 1 contract

Samples: Stock Option Agreement (Interstate Data Usa Inc)

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