Common use of Legality of Issuance Clause in Contracts

Legality of Issuance. No shares shall be issued upon the exercise of the Option unless and until the Company has determined that: (1) it and the Grantee have taken all actions required to register the Shares under the Securities Act, or to perfect an exemption from the registration requirements thereof; (2) any applicable listing requirements of any stock exchange on which the Common Stock is listed have been satisfied; and (3) any other applicable provisions of state federal law have been satisfied.

Legality of Issuance. No shares Shares shall be issued upon the exercise of the an Option unless and until the Company Corporation has determined that: (1a) it It and the Grantee Optionee have taken all actions required to register the Shares under the Securities Act, Act or to perfect an exemption from the registration requirements thereof; (2b) any Any applicable listing requirements requirement of any stock exchange on which the Common Stock stock is listed have has been satisfied; and and (3c) any Any other applicable provisions provision of state federal or Federal law have has been satisfied.

Legality of Issuance. No shares of Stock shall be issued upon on the exercise of the Option any option unless and until the Company Corporation has determined that: (1a) it It and the Grantee Optionee have taken all actions required to register the Shares shares of Stock under the Securities Act of 1933, as amended (the "Securities Act"), or to perfect an exemption from the registration requirements thereof; (2b) any Any applicable listing requirements of any stock exchange on which the Common Stock is listed have been satisfied; and (3c) any Any other applicable provisions provision of state federal or Federal law have has been satisfied.

Legality of Issuance. No shares Shares shall be issued upon the exercise of the any Option unless and until the Company has determined that: (1a) it and the Grantee have taken all actions required to register the offer and sale of the Plan Shares under all applicable securities laws, including the Securities Act, or to perfect an exemption from the registration requirements thereof; (2b) any applicable listing requirements requirement of any stock exchange on which the Common Stock is Shares are listed have has been satisfied; and (3c) any other applicable provisions provision of state federal law have has been satisfied.

Legality of Issuance. No shares Shares shall be issued upon the exercise of the an Option unless and until the Company Corporation has determined that: (1a) it It and the Grantee Optionee have taken all actions required to register the Shares under the Securities Act, Act or to perfect an exemption from the registration requirements thereof; (2b) any Any applicable listing requirements requirement of any stock exchange on which the Common Stock stock is listed have has been satisfied; and (3c) any Any other applicable provisions provision of state federal or Federal law have has been satisfied.

Legality of Issuance. No shares Shares shall be issued upon the exercise of the an Option unless and until the Company Corporation has determined that: (1a) it It and the Grantee Optionee have taken all actions required to register the Shares under the Securities Act, Act or to perfect an exemption from the registration requirements thereof;. (2b) any Any applicable listing requirements requirement of any stock exchange on which the Common Stock stock is listed have has been satisfied; and (3c) any Any other applicable provisions provision of state federal or Federal law have has been satisfied.