Common use of Fully Paid Clause in Contracts

Fully Paid. The issuance of certificates for Option Shares upon exercise of an Option shall be made without charge to Executive for any issuance tax in respect thereof or other cost incurred by the Holding Company in connection with such exercise. Each Option Share issuable upon exercise of an Option shall, upon payment of the exercise price therefor, be fully paid and nonassessable and free from all liens and charges with respect to the issuance thereof.

Fully Paid. The issuance of certificates for Option Shares upon exercise of an the Option shall be made without charge to Executive for any issuance tax in respect thereof or other cost incurred by the Holding Company in connection with such exercise. Each Option Share issuable upon exercise of an the Option shall, upon payment of the exercise price therefor, be fully paid and nonassessable and free from all liens and charges with respect to the issuance thereof.

Fully Paid. The issuance of certificates for Option Shares upon ---------- exercise of an Option the Options shall be made without charge to Executive for any issuance tax in respect thereof or other cost incurred by the Holding Company in connection with such exercise. Each Option Share issuable upon exercise of an Option the Options shall, upon payment of the exercise price therefor, be fully paid and nonassessable and free from all liens and charges with respect to the issuance thereof.

Fully Paid. The issuance of certificates for Option Shares upon exercise of an Option shall be made without charge to Executive for any issuance tax in respect thereof or other cost incurred by the Holding Company in connection with such exercise. Each Option Share issuable upon exercise of an Option shall, upon payment of the exercise price therefor, be fully paid and nonassessable and free from all liens hens and charges with respect to the issuance thereof.