Common use of Legality of Issuance Clause in Contracts

Legality of Issuance. The Company shall not be obligated to sell or issue any ISO Shares pursuant to this Agreement if such sale or issuance, in the opinion of the Company and the Company’s counsel, might constitute a violation by the Company of any provision of law, including without limitation the provisions of the Securities Act.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (ConforMIS Inc), Incentive Stock Option Agreement (ConforMIS Inc), Incentive Stock Option Agreement (Fibrogen Inc)

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Legality of Issuance. The Company shall not be obligated to sell or issue any ISO Shares pursuant to this Agreement if such sale or issuance, in the opinion of the Company and the Company’s 's counsel, might constitute a violation by the Company of any provision of law, including without limitation the provisions of the Securities Act.

Appears in 3 contracts

Samples: Option Agreement (Alpha Innotech Corp), Incentive Stock Option Agreement (Adknowledge Inc), Stock Option Agreement (Netzero Inc)

Legality of Issuance. The Company shall not be obligated to sell or issue any ISO Shares pursuant to this Agreement if such sale or issuance, in the opinion of the Company and the Company’s counsel, might constitute a violation by the Company of any provision of law, including without limitation the provisions of the Exchange Act of 1934, as amended (the “Exchange Act”) or the Securities Act of 1933, as amended (the “Securities Act.”)

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Interhealth Facility Transport, Inc.), Incentive Stock Option Agreement (Interhealth Facility Transport, Inc.)

Legality of Issuance. The Company shall not be obligated to sell or issue any ISO Shares pursuant to this Agreement if such sale or issuance, in the opinion of the Company and the Company’s counsel, might constitute a violation by the Company of any provision of lawlaw or applicable regulatory requirement, including without limitation the provisions of the Securities ActAct or the requirement of the Bermuda Monetary Authority.

Appears in 1 contract

Samples: Option Agreement (ALPHA & OMEGA SEMICONDUCTOR LTD)

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Legality of Issuance. The Company shall not be obligated to sell or issue any ISO Shares pursuant to this Agreement if such sale or issuance, in the opinion of the Company and the Company’s 's counsel, might constitute a violation by the Company of any provision of law, including without limitation the provisions of the Securities Act of 1933, as amended (the "Act").

Appears in 1 contract

Samples: Incentive Stock Option Agreement (American Career Centers Inc)

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