Common use of General Restriction Clause in Contracts

General Restriction. This Option shall be subject to the requirement that if at any time the Board of Directors in its discretion shall determine that the listing, registration or qualification of the shares subject to such Option on any securities exchange or under any state or federal law, or the consent or approval of any government regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of such Option or the issuance or purchase of shares thereunder, such Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board of Directors.

Appears in 7 contracts

Samples: Option Award Agreement (Iec Electronics Corp), Option Award Agreement (Iec Electronics Corp), Option Award Agreement (Iec Electronics Corp)

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General Restriction. This Option award shall be subject to the requirement that if at any time the Board of Directors shall determine, in its discretion shall determine discretion, that the listing, registration or qualification of the shares subject to such Option on award upon any securities exchange or under any state or federal law, or the consent or approval of any government regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of such Option award or the issuance issue or purchase vesting of shares thereunder, such Option award may not be exercised effective in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board of Directors.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Bausch & Lomb Inc), Restricted Stock Award Agreement (Bausch & Lomb Inc)

General Restriction. This The Option shall be subject to the requirement that if at any time the Board of Directors in its discretion shall determine that the listing, registration or qualification of the shares subject to such Option on any securities exchange or under any state or federal law, or the consent or approval of any government regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of such Option or the issuance or purchase of shares thereunder, such Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board of DirectorsBoard.

Appears in 2 contracts

Samples: Option Award Agreement (Iec Electronics Corp), Option Award Agreement (Iec Electronics Corp)

General Restriction. This Option option shall be subject to the requirement that if at any time the Board of Directors shall determine, in its discretion shall determine discretion, that the listing, registration or qualification of the shares subject to such Option on option upon any securities exchange or under any state or federal law, or the consent or approval of any government regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of such Option option or the issuance issue or purchase of shares thereunder, such Option option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Board of Directors.

Appears in 1 contract

Samples: Option Agreement (Bausch & Lomb Inc)

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General Restriction. This Option shall be subject to the ------------------- requirement that if at any time the Board of Directors in its discretion shall determine that the listing, registration or qualification of the shares subject to such Option on any securities exchange or under any state or federal law, or the consent or approval of any government regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of such Option or the issuance or purchase of shares thereunder, such Option may not be exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not reasonably acceptable to the Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (PSC Inc)

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