Discharge of Liability. The inability of the Corporation to obtain approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. However, the Corporation shall use its best efforts to obtain all such applicable approvals.
Appears in 8 contracts
Samples: Stock Option Agreement (Pharmacyclics Inc), Non Employee Director Automatic Stock Option Agreement (Quickresponse Services Inc), Automatic Stock Option Agreement (Gasonics International Corp)
Discharge of Liability. The inability of the Corporation to obtain ---------------------- approval from any regulatory body having authority deemed by the Corporation to be necessary to the lawful issuance and sale of any Common Stock pursuant to this option shall relieve the Corporation of any liability with respect to the non-issuance or sale of the Common Stock as to which such approval shall not have been obtained. However, the Corporation shall use its best efforts to obtain all such applicable approvals.
Appears in 1 contract
Samples: Non Employee Director Automatic Stock Option Agreement (Microelectronic Packaging Inc /Ca/)
