Common use of Legal Compliance Clause in Contracts

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 48 contracts

Samples: Stock Option Agreement (Verisign Inc/Ca), Stock Option Agreement (Sipex Corp), Option Plan Agreement (Cyberonics Inc)

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Legal Compliance. No Shares shall will be issued pursuant to the exercise of this Option unless such issuance and exercise complies comply with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall will be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 10 contracts

Samples: www.sec.gov, Stand Alone Stock (Applied Imaging Corp), Akesis Pharmaceuticals, Inc.

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option unless such issuance and such exercise complies comply with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee Participant on the date on which the Option is exercised with respect to such Exercised Shares.

Appears in 10 contracts

Samples: Executive Employment Agreement (Indoor Harvest Corp), Advisor Agreement (Indoor Harvest Corp), Executive Employment Agreement (Indoor Harvest Corp)

Legal Compliance. No Shares shall be issued pursuant to the ---------------- exercise of this Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 10 contracts

Samples: Security Agreement (Rational Software Corp), Exhibit 99 (Microtune Inc), Stock Option Agreement (Emachines Inc /De/)

Legal Compliance. No Shares shall be issued pursuant to the exercise of this an Option unless such issuance and such exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date on which the Option is exercised with respect to such Exercised Shares. This Option may not be exercised until such time as the Plan has been approved by the stockholders of the Company.

Appears in 5 contracts

Samples: Stock Option Agreement (Marinemax Inc), Energy and Power (Energy & Power Solutions, Inc.), Energy and Power (Energy & Power Solutions, Inc.)

Legal Compliance. No Shares shall be issued pursuant to the exercise of this the Option unless such issuance and such exercise complies with Applicable Lawsapplicable laws (including rules and regulations promulgated thereunder) and the requirements of any governmental or regulatory agency or stock exchange. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date on which the Option is exercised with respect to such Exercised Shares.

Appears in 4 contracts

Samples: Equity Incentive Plan (Ollet John), Equity Incentive Plan (Ollet John), Equity Incentive Plan (Santi Christopher)

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option unless such issuance and such exercise complies with Applicable Lawsapplicable laws and the requirements of any governmental or regulatory agency or stock exchange. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee Optionholder on the date on which the Option is exercised with respect to such Exercised Shares.

Appears in 4 contracts

Samples: Stock Option Agreement (BK Technologies, Inc.), Stock Option Agreement (Relm Wireless Corp), Stock Option Agreement (Relm Wireless Corp)

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.. (d)

Appears in 2 contracts

Samples: Stand Alone (Rational Software Corp), Rational Software Corp

Legal Compliance. No Shares shall will be issued pursuant to the exercise of this Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall will be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 2 contracts

Samples: Plantronics Inc /Ca/, Plantronics Inc /Ca/

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option Option, unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 2 contracts

Samples: Fei Co, Netgear Inc

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option Warrant unless such issuance and such exercise complies comply with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee Participant on the date on which the Option Warrant is exercised with respect to such Exercised Shares.

Appears in 2 contracts

Samples: www.sec.gov, Loop Industries, Inc.

Legal Compliance. No Shares shall be issued pursuant to the exercise of this the Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 1 contract

Samples: Stock Option Agreement (Coconnect, Inc.)

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Legal Compliance. No Shares shall will be issued pursuant to the exercise of this Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the number of Shares in respect of which this Option is being exercised (the “Exercised Shares shall Shares”) will be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 1 contract

Samples: Lsi Logic Corp

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 1 contract

Samples: Option Agreement (Avenue Entertainment Group Inc /De/)

Legal Compliance. No Shares shall be issued pursuant to the ----------------- exercise of this Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 1 contract

Samples: Evolve Software Inc

Legal Compliance. No Shares shall be issued pursuant to the exercise of this the Option unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 1 contract

Samples: Integrated Silicon Solution Inc

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies comply with Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 1 contract

Samples: Restricted Stock Purchase Agreement (Commerce One Inc)

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with all relevant provisions of the Applicable LawsLaws and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 1 contract

Samples: Stand Alone Stock Option Agreement (Iridex Corp)

Legal Compliance. No Shares shall be issued pursuant to the exercise of this Option Option, unless such issuance and exercise complies with all Applicable Laws. Assuming such compliance, for income tax purposes the Exercised Shares with respect to which the Option is exercised shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares.

Appears in 1 contract

Samples: On Assignment Inc

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