Common use of Extension if Exercise Prevented by Law Clause in Contracts

Extension if Exercise Prevented by Law. Notwithstanding Section 3, if the exercise of the Option within the applicable time periods set forth in Section 3 is prevented by the provisions of Section 5, the Option will remain exercisable until 30 days after the date you are notified by the Company that the Option is exercisable, but in any event no later than the Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You should consult with your own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 21 contracts

Samples: Cirrus Logic (Cirrus Logic, Inc.), Stock Option Agreement (Spectral AI, Inc.), Stock Option Agreement (Spectral AI, Inc.)

AutoNDA by SimpleDocs

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 days one (1) month after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 8 contracts

Samples: Exercisable Nonstatutory Stock Option Agreement (Cisco Systems Inc), Incentive Stock Option Agreement (Collegeclub Com Inc), Incentive Stock Option Agreement (Collegeclub Com Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.5, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 7 contracts

Samples: Sgi International Incentive Stock Option Agreement (Sgi International), Self Heating Container (Ontro Inc), Self Heating Container (Ontro Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 thirty (30) days after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee’s own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 4 contracts

Samples: Stock Option Agreement (Diametrics Medical Inc), Stock Option Agreement (Diametrics Medical Inc), Stock Option Agreement (Diametrics Medical Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, then to the extent permitted without penalty under Section 409A of the Code, the Option will shall remain exercisable until 30 thirty (30) days after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee’s own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 4 contracts

Samples: Stock Option Agreement (Allegro Biodiesel Corp), Stock Option Agreement (Allegro Biodiesel Corp), Stock Option Agreement (Allegro Biodiesel Corp)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 4 contracts

Samples: Stock Option Agreement (Jda Software Group Inc), Option Agreement (Pumatech Inc), Incentive Stock Option Agreement (Jda Software Group Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 33(c), if the exercise of the Option within the applicable time periods period set forth in Section 3 3(c) is prevented by the provisions of Section 56, the Option will remain exercisable until 30 days after the date you are Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Dateexpiration date set forth in Section 3(d). The Company makes no representation as to the tax consequences of any such delayed exercise. You Optionee should consult with your own Optionee’s tax advisor as to the tax consequences of any such delayed exercise.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement for Employees (Sport Supply Group, Inc.), Incentive Stock Option Agreement for Employees (Sport Supply Group, Inc.), Nonstatutory Stock Option Agreement (Sport Supply Group, Inc.)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 6.1 is prevented by the provisions of Section 53.6, the Option will shall remain exercisable until 30 thirty (30) days after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee’s own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 3 contracts

Samples: Terms of Stock Option Agreement (Verisign Inc/Ca), Stock Option Agreement (Tilly's, Inc.), Stock Option Agreement (Tilly's, Inc.)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the -------------------------------------- foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Krause L William), Incentive Stock Option Agreement (Krause L William)

Extension if Exercise Prevented by Law. Notwithstanding Section 33.2, if the exercise of the Option within the applicable time periods set forth in Section 3 3.2 is prevented by the provisions of Section 53.4(b), the Option will remain exercisable until 30 days after the date you are Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your Optionee’s own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Heart Test Laboratories, Inc.), Nonstatutory Stock Option Agreement (Heart Test Laboratories, Inc.)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 is prevented by the provisions of Section 5paragraph 4(f) above, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Option Term Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor advisors as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Natural Wonders Inc), Nonqualified Stock Option Agreement (Natural Wonders Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 thirty (30) days after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Synopsys Inc), Incentive Stock Option Agreement (Synopsys Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3anything herein to the contrary, if the exercise of the Option within the applicable time periods set forth in Section 3 is prevented by the provisions of Section 5, the Option will remain exercisable until 30 for the entirety of the original exercise period and will be extended for a period of up to thirty (30) days after if necessary to provide you with a minimum thirty (30) day exercise period following the date that that you are notified by the Company that the Option is has become exercisable, but in any event no later than the Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You should consult with your own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 2 contracts

Samples: Non Compensatory Option Purchase Agreement (Prairie Operating Co.), Non Compensatory Option Agreement (Prairie Operating Co.)

Extension if Exercise Prevented by Law. Notwithstanding Section 33(c), if the exercise of the Option within the applicable time periods period set forth in Section 3 3(c) is prevented by the provisions of Section 57, the Option will remain exercisable until 30 days after the date you are Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Dateexpiration date set forth in Section 3(d). The Company makes no representation as to the tax consequences of any such delayed exercise. You Optionee should consult with your own Optionee’s tax advisor as to the tax consequences of any such delayed exercise.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Sport Supply Group, Inc.), Nonstatutory Stock Option Agreement (Sport Supply Group, Inc.)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 days three months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Plan and Stock Option Agreement (Immersion Corp), Immersion Corporation Nonstatutory Stock Option Agreement (Immersion Corp)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Broadcom Corp), Incentive Stock Option Agreement (Cisco Systems Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the other provisions of this Award Agreement, if the exercise of the Option within the applicable time periods set forth in Section 3 herein is prevented by the provisions of Section 56(p), the Option will remain exercisable until 30 days after the date you are notified by the Company Corporation that the Option is exercisable, but in any event no later than the Expiration Expiry Date. The Company Corporation makes no representation as to the tax consequences of any such delayed exercise. You The Participant should consult with your his or her own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Option Award Agreement (Dirtt Environmental Solutions LTD)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee’s own tax advisor as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Invitrogen Corp)

AutoNDA by SimpleDocs

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 above is prevented by the provisions of Section 5paragraph 4(f) above, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Option Term Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor advisors as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Enlighten Software Solutions Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 34.3, if the exercise of the Option within the applicable time periods set forth in Section 3 4.3 is prevented by the provisions of Section 57, the Option will remain exercisable until 30 days after the date you are the Participant is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Participant should consult with your his or her own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Stock Option Agreement (LSB Industries Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 6.1 herein is prevented by the provisions of Section 53.6 herein, the Option will shall remain exercisable until 30 days after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Option Grant Agreement (Migratec Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 8.1 is prevented by the provisions of Section 55.5, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Ontro Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3, if the exercise of the Option within the applicable time periods set forth in Section 3 is prevented by the provisions of Section 59, the Option will remain exercisable until 30 days after the date you are notified by the Company that the Option is exercisable, but in any event no later than the Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You should consult with your own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Stock Option Agreement (Cirrus Logic Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 6.1 is prevented by the provisions of Section 53.6, the Option will shall remain exercisable until 30 days one (1) month after the date you are the Optionee is notified by the Company that the Option is exercisable, but 5 187 in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Stock Purchase Agreement (General Magic Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your own tax advisor as to the tax consequences of any such delayed exercise.the

Appears in 1 contract

Samples: Jda Software Group Inc

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 6.1 is prevented by the provisions of Section 53.6, the Option will shall remain exercisable until 30 days one (1) month after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee's own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Extreme Networks Inc

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 days one (1) month after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee’s own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Stock Option Agreement (Axt Inc)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.5, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee?s own tax advisor as to the tax consequences to the Optionee of any such delayed exercise.

Appears in 1 contract

Samples: Sgi International Incentive Stock Option Agreement (Sgi International)

Extension if Exercise Prevented by Law. Notwithstanding Section 3the foregoing, if the exercise of the Option within the applicable time periods set forth in Section 3 7.1 is prevented by the provisions of Section 54.6, the Option will shall remain exercisable until 30 days three (3) months after the date you are the Optionee is notified by the Company that the Option is exercisable, but in any event no later than the Option Expiration Date. The Company makes no representation as to the tax consequences of any such delayed exercise. You The Optionee should consult with your the Optionee’s own tax advisor as to the tax consequences of any such delayed exercise.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Autonomy Corp PLC)

Time is Money Join Law Insider Premium to draft better contracts faster.