Common use of Delivery of Share Certificate Clause in Contracts

Delivery of Share Certificate. As soon as practicable after the Option or any portion thereof has been duly exercised, the Company will deliver to the Holder a certificate for the shares of Common Stock for which the Option was exercised. Unless the Option has expired or been exercised in full, the Company and the Holder agree that the Company may affix to this Agreement an appropriate notation indicating the number of shares for which the Option was exercised and return this Agreement to the Holder. If any law or regulation of the Securities and Exchange Commission (the "SEC") or of any other federal or state governmental body having jurisdiction shall require the Company or the Holder to take any action prior to issuance to the Holder of the shares of Common Stock specified in the written notice of exercise, or if any listing agreement between the Company and any national securities exchange requires such shares to be listed prior to issuance, the date for the delivery of such shares shall be adjourned until the completion of such action and/or such listing.

Appears in 5 contracts

Samples: Stock Option Agreement (American Film Technologies Inc /De/), Stock Option Agreement (American Film Technologies Inc /De/), Stock Option Agreement (American Film Technologies Inc /De/)

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Delivery of Share Certificate. As soon as practicable after the Option or any portion thereof has been duly exercised, the Company will deliver to the Holder a certificate for the shares of Common Stock for which the Option was exercisedexer cised. Unless the Option has expired or been exercised in full, the Company and the Holder agree that the Company may affix to this Agreement an appropriate notation indicating the number of shares for which the Option was exercised and return this Agreement to the Holder. If any law or regulation of the Securities and Exchange Commission (the "SEC") or of any other federal or state governmental body having jurisdiction shall require the Company or the Holder to take any action prior to issuance to the Holder of the shares of Common Stock specified in the written notice of exercise, or if any listing agreement between the Company and any national securities exchange requires such shares to be listed prior to issuance, the date for the delivery of such shares shall be adjourned until the completion of such action and/or such listing.

Appears in 4 contracts

Samples: Stock Option Agreement (American Film Technologies Inc /De/), Stock Option Agreement (American Film Technologies Inc /De/), Stock Option Agreement (American Film Technologies Inc /De/)

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Delivery of Share Certificate. As soon as practicable after the Option or any portion thereof has been duly exercised, the Company will deliver to the Holder a certificate for representing the shares of Common Stock Option Share for which the Option was exercised. Unless the Option has expired or been exercised in full, the Company and the Holder agree that the Company may affix to this Agreement an appropriate notation indicating the number and kind of shares Option Shares for which the Option was exercised and return this Agreement to the Holder. If any law or regulation of the Securities and Exchange Commission (the "SEC") or of any other federal or state governmental body having jurisdiction shall require the Company or the Holder to take any action prior to issuance to the Holder of the shares of Common Stock Option Shares specified in the written notice of exercise, or if any listing agreement between the Company and any national securities exchange requires such shares to be listed prior to issuance, the date for the delivery of such shares shall be adjourned until the completion of such action and/or such listing.

Appears in 1 contract

Samples: Stock Option Agreement (American Film Technologies Inc /De/)

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