Common use of Issuance and Delivery of Shares Clause in Contracts

Issuance and Delivery of Shares. The Company shall not be obligated to issue or deliver any shares of Common Stock if counsel to the Company determines that such issuance or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. If necessary to comply with any such law, rule, regulation or agreement, the Company shall in no event be obligated to take any affirmative action in order to cause the issuance or delivery of shares of Common Stock.

Appears in 4 contracts

Samples: Retirement Agreement (Syntroleum Corp), Syntroleum Corporation 2005 Stock Incentive Plan Employee Restricted Stock Award Agreement (Syntroleum Corp), Stock Incentive Plan (Syntroleum Corp)

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Issuance and Delivery of Shares. The Company shall not be obligated to issue or deliver any shares of Common Stock if counsel to the Company determines that such issuance or delivery would violate any applicable law or any rule or regulation of any United States governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Stock is listed or quoted. If necessary to comply with any such law, rule, regulation or agreement, the Company shall in no event be obligated to take any affirmative action in order to cause the issuance or delivery of shares of Common Stock.

Appears in 1 contract

Samples: Syntroleum Corporation 2005 Stock Incentive Plan Employee Restricted Stock Award Agreement (Syntroleum Corp)

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