Common use of LEGALITY OF INITIAL ISSUANCE Clause in Contracts

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee Grantee, at Company’s expense, have taken any actions required to register the Shares under the Securities Act of 1933, as amended, or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which the Common Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee Grantee, at Company’s expense, have taken any actions required to register the Shares under the Securities Act of 1933, as amended or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which the Common Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option the Option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It The Company and the Optionee have taken any all actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is the Shares are listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It The Company and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee Grantee, at Company's expense, have taken any actions required to register the Shares under the Securities Act of 1933, as amended, or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which the Common Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until Option only if the Company has determined that: that (aI) It it and the Optionee have taken any actions required by law to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; ; (bii) Any any applicable listing requirement of any stock exchange or automated quotations system on which Stock is the Shares are listed has been satisfied; and and (ciii) Any any other applicable provision of state or federal securities law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until Option only if the Company has determined that: that (ai) It it and the Optionee have taken any actions required by law to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; ; (bii) Any any applicable listing requirement of any stock exchange or automated quotations system on which Stock is the Shares are listed has been satisfied; and and (ciii) Any any other applicable provision of state or federal securities law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the any exercise of this option the Option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement requirements of any stock exchange on which Stock is listed has or any requirements of any primary inter-dealer quotation service on which trading in the Stock is reported have been satisfied; and (c) Any other applicable provision provisions of state or federal law has have been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee have taken any actions the Company decides are required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It The Company and the Optionee optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (ad) It and the Optionee Grantee, at Company's expense, have taken any actions required to register the Shares under the Securities Act of 1933, as amended, or to perfect an exemption from the registration requirements thereof; (be) Any applicable listing requirement of any stock exchange or other securities market on which the Common Stock is listed has been satisfied; and (cf) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (ai) It The Company and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (bii) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and (ciii) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee Grantee, at Company's expense, have taken any actions required to register the Shares under the Securities Act of 1933, as amended or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which the Common Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall will be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall will be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof;, (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; (c) The Plan has been approved by the Company’s stockholders; and (cd) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option Option unless and until the Company has determined that: (a) It and the Optionee Grantee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is the Shares are listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (ai) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (bii) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and (ciii) Any other applicable provision of state federal, State or federal foreign law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or system on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: : (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; ; (b) Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) 8.1.1 It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) 8.1.2 Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and (c) 8.1.3 Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) 11.1 It and the Optionee have taken any actions required to register the Shares Shares, provided the Stock is publicly traded, under the Securities Act of 1933, as amended (the "Securities Act"), or to perfect an exemption from the registration requirements thereof; (b) 11.2 Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and (c) 11.3 Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option Option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and (c) Any other applicable provision of state state, federal or federal foreign law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act of 1933, as amended (the "Securities Act") or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall will be issued upon the exercise of this option Option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and (c) Any other applicable provision of state state, federal, or federal foreign law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It The Company and the Optionee have taken any all actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock the Shares are is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) 7.1 It and the Optionee have taken any actions required to register the Shares under the Securities Act of 1933, as amended (the “Securities Act”) or to perfect an exemption from the registration requirements thereof; (b) 7.2 Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and (c) 7.3 Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option Option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act applicable law(s) if required or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock share exchange or other securities market on which Stock is Shares are listed has been satisfied; and (c) Any other applicable provision of state or federal law applicable law(s) has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) 7.1 It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) 7.2 Any applicable listing requirement of any stock exchange on which Stock is listed has been satisfied; and (c) 7.3 Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No None of the Option Shares shall be issued upon the exercise of this option unless and until the Company has determined that: (a) It The Company and the Optionee have taken any actions required to register the Option Shares under the Securities Act or to perfect an exemption from the registration requirements thereof; (b) Any applicable listing requirement of any stock exchange or other securities market on which the Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.

LEGALITY OF INITIAL ISSUANCE. No Shares shall will be issued upon the exercise of this option unless and until the Company has determined that: (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an exemption from the registration requirements thereof;, (b) Any applicable listing requirement of any stock exchange or other securities market on which Stock is listed has been satisfied; and (c) Any other applicable provision of state or federal law has been satisfied.