Common use of Issuance of Share Certificates Clause in Contracts

Issuance of Share Certificates. Subject to the last sentence of this Section 9 and to Sections 16 and 17, upon receipt by the Company prior to expiration of the Option of a duly completed Notice of Exercise of Option to exercise the Option accompanied by full payment for the Shares being purchased pursuant to such Notice (and, with respect to any Option exercised pursuant to Section 6 or Section 11 hereof by someone other than the Optionee, accompanied in addition by proof satisfactory to the Committee of the right of such person to exercise the Option), the Company shall promptly cause to be made or otherwise delivered to the Optionee, a certificate for the number of shares so purchased. The Optionee shall not have any of the rights of a stockholder with respect to the Shares which are subject to the Option unless and until a certificate representing such Shares is issued to the Optionee. The Company shall not be required to issue any certificates for Shares upon the exercise of an Option granted under the Plan prior to (i) obtaining any approval from any governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable, (ii) the admission of such Shares to listing on any securities exchange (if any) on which the Shares may then be listed or quoted, and (iii) completion of any registration or other qualification of the Shares under any state, federal or other law or ruling or regulations of any governmental body which the Committee shall, in its sole discretion, determine to be necessary or advisable, or the determination by the Committee, in its sole discretion, that any registration or other qualification of the Shares is not necessary or advisable.

Issuance of Share Certificates. Subject to the last sentence of this Section 9 and to Sections 16 and 1712, upon receipt by the Company prior to expiration of the Option of a duly completed Notice of Exercise of Option to either exercise the Option accompanied by full payment for the Shares being purchased pursuant to such Notice (and, with respect to any Option exercised pursuant to Section 6 or Section 11 12 hereof by someone other than the Optionee, accompanied in addition by proof satisfactory to the Committee of the right of such person to exercise the Option), the Company shall promptly cause to be made or otherwise delivered to the Optionee, within thirty (30) days of such receipt, a certificate for the number of shares Shares so purchased. The Optionee shall not have any of the rights of a stockholder shareholder with respect to the Shares which are subject to the Option unless and until a certificate representing such Shares is issued to the Optionee. The Company shall not be required to issue any certificates for Shares upon the exercise of an the Option granted under the Plan prior to (i) obtaining any approval from any governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable, and/or (ii) the admission of such Shares to listing on any national securities exchange (if any) on which the Shares may then be listed or quotedlisted, and and/or (iii) completion of any registration or other qualification of the Shares under any state, state or federal or other law or ruling or regulations of any governmental body which the Committee shall, in its sole discretion, determine to be necessary or advisable, or the determination by the Committee, in its sole discretion, that any registration or other qualification of the Shares is not necessary or advisable.

Issuance of Share Certificates. Subject to the last sentence of this ------------------------------ Section 9 and to Sections 16 and 17Section 16, upon receipt by the Company prior to expiration of the Option of a duly completed Notice of Exercise of Option to exercise the Option accompanied by full payment for the Shares being purchased pursuant to such Notice (and, with respect to any Option exercised pursuant to Section 6 or Section 11 10 hereof by someone other than the Optionee, accompanied in addition by proof satisfactory to the Committee of the right of such person to exercise the Option), the Company shall promptly cause to be made or otherwise delivered to the Optionee, a certificate for the number of shares Shares so purchased. The Optionee shall not have any of the rights of a stockholder with respect to the Shares which are subject to the Option unless and until a certificate representing such Shares is issued to the Optionee. The Company shall not be required to issue any certificates for Shares upon the exercise of an Option granted under the Plan prior to (ia) obtaining any approval from any governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable, (iib) the admission of such Shares to listing on any national securities exchange (if any) on which the Shares may then be listed or quotedlisted, and (iiic) completion of any registration or other qualification of the Shares under any state, federal or other law or ruling or regulations of any governmental body which the Committee shall, in its sole discretion, determine to be necessary or advisable, or the determination by the Committee, in its sole discretion, that any registration or other qualification of the Shares is not necessary or advisable.

Issuance of Share Certificates. Subject to the provisions of the last sentence of this Section 9 and to Sections 16 and 174, upon receipt by the Company prior to expiration of the an Option of a duly completed Notice of Exercise of Option to exercise the Option such Option, accompanied by full payment for the Shares being purchased pursuant to such Notice (and, with respect to any Option exercised pursuant to Section 6 or Section 11 hereof 8 by someone other than the Optionee, accompanied in addition by proof satisfactory to the Committee Board of the right of such person to exercise such Option) and upon establishment to the Option)Company's satisfaction that such payment has been irrevocably credited to the appropriate Company bank account, the Company shall promptly cause to be made or otherwise delivered to the OptioneeOptionee (or such other person having the right to exercise such Option), a certificate for the number of shares Shares so purchased. The Optionee shall not have any of the rights of a stockholder shareholder with respect to the Shares which are subject to the an Option unless and until a certificate representing such Shares is issued pursuant to the Optioneevalid exercise of such Option. The Company shall not be required to issue any certificates for Shares upon the exercise of an Option granted under the Plan prior to (ia) obtaining any approval from any governmental agency which the Committee Board of Directors of the Company shall, in its sole discretion, determine to be necessary or advisable, (iib) the admission of such Shares to listing on any national securities exchange (if any) on which the Shares may then be listed or quotedlisted, and (iiic) completion of any registration or other qualification of the Shares under any state, state or federal or other law or ruling or regulations of any governmental body which the Committee Board of Directors of the Company shall, in its sole discretion, determine to be necessary or advisable, or the determination by the CommitteeBoard of Directors, in its sole discretion, that any registration or other qualification of the Shares is not necessary or advisable.

Issuance of Share Certificates. Subject to the last sentence of this Section 9 and to Sections the tax withholding provisions of Section 16 and 17of this Agreement, upon receipt by the Company prior to expiration of the Option of a duly completed Notice the three items listed in Section 8 of Exercise of Option to exercise the Option accompanied by full payment for the Shares being purchased pursuant to such Notice this Agreement (and, with respect to any Option exercised pursuant to Section 6 or Section 11 hereof by someone other than the Optionee, accompanied in addition by proof satisfactory to the Committee of the right of such person to exercise the Option), the Company shall promptly cause to be made or otherwise delivered to the OptioneeOptionee (or such other person having the right to exercise the Option), a certificate for the number of shares Shares so purchased. The Optionee shall not have any of the rights of a stockholder shareholder with respect to the Shares which are subject to the Option unless and until a certificate representing such Shares is issued pursuant to the Optioneevalid exercise of the Option. The Company shall not be required to issue any certificates for Shares upon the exercise of an the Option granted under the Plan prior to (i) obtaining any approval from any governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable, (ii) the admission of such Shares to listing on any national securities exchange (if any) on which the Shares may then be listed or quotedlisted, and (iii) completion of any registration or other qualification of the Shares under any state, state or federal or other law or ruling or regulations of any governmental body which the Committee shall, in its sole discretion, determine to be necessary or advisable, or the determination by the Committee, in its sole discretion, that any registration or other qualification of the Shares is not necessary or advisable.

Issuance of Share Certificates. Subject to the last sentence of this Section 9 6 of this Agreement and to Sections 16 and 17the tax withholding provisions of Section 8 of the Plan, upon receipt by the Company prior to expiration of the Option of a duly completed Notice the three items listed in Section 5 of Exercise of Option to exercise the Option accompanied by full payment for the Shares being purchased pursuant to such Notice this Agreement (and, with respect to any Option exercised pursuant to Section 6 or Section 11 8 of this Agreement hereof by someone other than the Optionee, accompanied in addition by proof satisfactory to the Committee of the right of such person to exercise the Option), the Company shall promptly cause to be made or otherwise delivered to the OptioneeOptionee (or such other person having the right to exercise the Option), a certificate for the number of shares share of Class A Common Stock so purchased. The Optionee shall not have any of the rights of a stockholder shareholder with respect to the Shares shares of Common Stock which are subject to the Option unless and until a certificate representing such Shares shares of Common Stock is issued pursuant to the Optioneevalid exercise of the Option. The Company shall not be required to issue any certificates for Shares shares of Common Stock upon the exercise of an the Option granted under the Plan prior to (i) obtaining any approval from any governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable, (ii) the admission of such Shares shares of Common Stock to listing on any national securities exchange (if any) on which the Shares shares may then be listed or quotedlisted, and (iii) completion of any registration or other qualification of the Shares shares under any state, state or federal or other law or ruling or regulations of any governmental body which the Committee shall, in its sole discretion, determine to be necessary or advisable, or the determination by the Committee, in its sole discretion, that any registration or other qualification of the Shares shares is not necessary or advisable.

Issuance of Share Certificates. Subject to the last sentence of this Section 9 and to Sections 16 and 1710, upon receipt by the Company prior to expiration of the Option of a duly completed Notice of Exercise of Option to exercise the Option accompanied by full payment for the Shares being purchased pursuant to such Notice (and, with respect to any Option exercised pursuant to Section 6 or Section 11 hereof by someone other than the Optionee, accompanied in addition by proof satisfactory to the Committee of the right of such person to exercise the Option), the Company shall promptly cause to be made or otherwise delivered to the Optionee, within thirty (30) days of such receipt, a certificate for the number of shares Shares so purchased. The Optionee shall not have any of the rights of a stockholder shareholder with respect to the Shares which are subject to the Option unless and until a certificate representing such Shares is issued to the Optionee. The Company shall not be required to issue any certificates for Shares upon the exercise of an the Option granted under the Plan prior to (i) obtaining any approval from any governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable, and/or (ii) the admission of such Shares to listing on any national securities exchange (if any) on which the Shares may then be listed or quotedlisted, and and/or (iii) completion of any registration or other qualification of the Shares under any state, state or federal or other law or ruling or regulations of any governmental body which the Committee shall, in its sole discretion, determine to be necessary or advisable, or the determination by the Committee, in its sole discretion, that any registration or other qualification of the Shares is not necessary or advisable.

Issuance of Share Certificates. Subject to the last sentence of this Section 9 and to Sections 16 and 1710, upon receipt by the Company prior to expiration of the Option of a duly completed Notice of Exercise of Option to exercise the Option accompanied by full payment for the Shares being purchased pursuant to such Notice (and, with respect to any Option exercised pursuant to Section 6 or Section 11 hereof by someone other than the Optionee, accompanied in addition by proof satisfactory to the Committee of the right of such person to exercise the Option), the Company shall promptly cause to be made or otherwise delivered to the Optionee, within thirty (30) days of such receipt, a certificate for the number of shares Shares so purchased. The Optionee shall not have any of the rights of a stockholder shareholder with respect to the Shares which are subject to the Option unless and until a certificate representing such Shares is issued to the Optionee. The Company shall not be required to issue any certificates for Shares upon the exercise of an the Option granted under the Plan prior to (i) obtaining any approval from any governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable, and/or (ii) at the admission Committee's option, the execution by the Optionee of such Shares to listing on any securities exchange (if any) on which the Shares may then be listed or quoted, and (iii) completion of any registration or other qualification of the Shares under any state, federal or other law or ruling or regulations of any governmental body which the Committee shallan instrument, in its sole discretionform satisfactory to the Company, determine to be necessary or advisable, or the determination by the Committee, in its sole discretion, which provides that any registration or other qualification of the Shares is not necessary or advisable.any

Issuance of Share Certificates. Subject 2.1 The issuance of certificates for Class A Shares upon the exercise of this Warrant Certificate shall be made as soon as practicable thereafter and in any event within thirty (30) days of such exercise without charge to the last sentence Warrantholder, including, without limitation, any tax that may be payable in respect thereof, and such certificates shall (subject to the provisions of this Section 9 and 2) be issued in the name of, or (subject to Sections 16 and 17restrictions on transfer contained herein) in such names as may be directed by, upon receipt by the Company prior to expiration of the Option of a duly completed Notice of Exercise of Option to exercise the Option accompanied by full payment for the Shares being purchased pursuant to such Notice (andWarrantholder; provided, with respect to any Option exercised pursuant to Section 6 or Section 11 hereof by someone other than the Optioneehowever, accompanied in addition by proof satisfactory to the Committee of the right of such person to exercise the Option), that the Company shall promptly cause not be required to pay any income tax to which the Warrantholder may be made subject in connection with the issuance of this Warrant Certificate or otherwise delivered to of Class A Shares upon the Optioneeexercise of this Warrant Certificate; provided, a certificate for further, that the number of shares so purchased. The Optionee Company shall not have be required to pay any tax that may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the rights of a stockholder with respect to Warrantholder and the Shares which are subject to the Option unless and until a certificate representing such Shares is issued to the Optionee. The Company shall not be required to issue any or deliver such certificates for Shares upon unless or until the exercise of an Option granted under person or persons requesting the Plan prior issuance thereof shall have paid to (i) obtaining any approval from any governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable, (ii) Company the admission amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. 2.2 Each person in whose name any such certificate for Class A Shares is issued shall for all purposes be deemed to listing have become the holder of record of such shares on any securities exchange (if any) the date on which the Shares may then be listed or quoted, Warrant Certificate was surrendered and (iii) completion of any registration or other qualification payment of the Shares under Exercise Price (if applicable) and any stateapplicable taxes was made, federal or other law or ruling or regulations irrespective of any governmental body the date of delivery of such certificate, except that, if the date of such surrender and payment is a date when the stock transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the Committee shall, in its sole discretion, determine to be necessary or advisable, or the determination by the Committee, in its sole discretion, that any registration or other qualification of the Shares is not necessary or advisablestock transfer books are open.