Common use of Issuance of Shares upon Exercise Clause in Contracts

Issuance of Shares upon Exercise. Upon due exercise of the Option, in whole or in part, in accordance with the terms of this Agreement, the Company shall issue to the Optionee, or such other person exercising the Option, as the case may be, the number of shares of Stock so paid for, in the form of fully paid and nonassessable stock and shall deliver certificates therefor as soon as practicable thereafter. The stock certificates for any shares of Stock issued hereunder shall, unless such shares are registered or an exemption from registration is available under applicable federal and state law, bear a legend restricting transferability of such shares, and if such shares are subject to a Stock Restriction Agreement pursuant to Section 3(e) hereof, shall bear a legend referencing the Stock Restriction Agreement.

Issuance of Shares upon Exercise. Upon due exercise of the Option, in whole or in part, in accordance with the terms of this Agreement, the Company shall issue to the OptioneeEmployee, or such other person exercising the Option, as the case may be, the number of shares Shares of Stock so paid for, in the form of fully paid and nonassessable stock Stock and shall deliver certificates therefor as soon as practicable thereafter. The stock certificates for any shares Shares of Stock issued hereunder shall, unless such shares Shares are registered or an exemption from registration is available under applicable federal and state law, bear a legend restricting transferability of such sharesShares, and if such shares are subject to a Stock Restriction Agreement pursuant to Section 3(e3(f) hereof, shall bear a legend referencing the Stock Restriction Stockholders Agreement and the Investor Rights Agreement.

Issuance of Shares upon Exercise. Upon due exercise of the Option, in whole or in part, in accordance with the terms of this Agreement, the Company shall issue to the Optionee, or such other person exercising the Option, as the case may be, the number of shares Shares of Stock so paid for, in the form of fully paid and nonassessable stock Stock and shall deliver certificates therefor as soon as practicable thereafter. The stock certificates for any shares Shares of Stock issued hereunder shall, unless such shares Shares are registered or an exemption from registration is available under applicable federal and state law, bear a legend restricting transferability of such sharesShares, and if such shares are subject to a Stock Restriction Agreement pursuant to Section 3(e3(f) hereof, shall bear a legend referencing the Stock Restriction Stockholders Agreement and the Investor Rights Agreement.