Legality of Issuance. No Share shall be issued upon the exercise of any Award unless and until the Committee has determined that: (i) The Corporation and the Participant have taken all actions required to register the Shares under the Securities Act of 1933, as amended (the "Act"), or to perfect an exemption from registration requirements of the Act, or to determine that the registration requirements of the Act do not apply to such exercise; (ii) Any applicable listing requirement of any stock exchange on which the Share is listed has been satisfied; and (iii) Any other applicable provision of state, federal or foreign law has been satisfied.
Appears in 4 contracts
Samples: 1995 Long Term Incentive Plan (Canargo Energy Corp), 1995 Long Term Incentive Plan (Canargo Energy Corp), 1995 Long Term Incentive Plan (Fountain Oil Inc)
