Liability of Company. (a) If the Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without stockholder approval be issued under the Plan, then this Option shall be void with respect to such excess shares unless stockholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtained in accordance with the provisions of the Plan.
Appears in 2 contracts
Samples: Jeanty Roger O, Jeanty Roger O
Liability of Company. (a) If the Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without stockholder approval be issued under the Plan, then this Option option shall be void with respect to such excess shares unless stockholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtained in accordance with the provisions of Section 10 of the Plan.
Appears in 2 contracts
Samples: Stock Option Agreement (Laser Power Corp/Fa), Agreement (Laser Power Corp/Fa)
Liability of Company. (a) 13.1 If the Optioned Option Shares covered by this Agreement exceed, as of the Grant Date, the number of shares of Common Stock which may without stockholder shareholder approval be issued under the Plan, then this Option shall be void with respect to such excess shares shares, unless stockholder shareholder approval of an amendment sufficiently increasing the number of shares of Common Stock issuable under the Plan is obtained in accordance with the provisions of the Planobtained.
Appears in 1 contract
Samples: La Jolla Diagnostics Inc