Liability of the Company. (a) If the Option Shares exceed, as of the Grant Date, the number of shares that may without shareholder approval be issued under the Plan, then this Option will be void with respect to such excess shares unless shareholder approval of an amendment sufficiently increasing the number of shares issuable under the Plan is obtained in accordance with the provisions of the Plan.
Appears in 7 contracts
Samples: Director Stock Option Agreement (World Air Holdings, Inc.), Stock Option Agreement (World Air Holdings, Inc.), Stock Option Agreement (Intelidata Technologies Corp)
Liability of the Company. (a) If the Option Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares that Common Shares which may without shareholder approval be issued under the Plan, then this Option option will be void with respect to such excess shares unless shareholder approval of an amendment sufficiently increasing the number of shares Common Shares issuable under the Plan is obtained in accordance with the provisions of the Plan.
Appears in 4 contracts
Samples: Share Option Agreement (Xoma LTD /De/), Qualified Share Option Agreement (Xoma LTD /De/), Share Option Agreement (Xoma LTD /De/)
Liability of the Company. (a) If the Option Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares that Common Shares of the Company which may without shareholder approval be issued under the Plan, then this Option option will be void with respect to such excess shares unless shareholder approval of an amendment sufficiently increasing the number of shares Common Shares of the Company issuable under the Plan is obtained in accordance with the provisions of the Plan.
Appears in 2 contracts
Samples: Share Option Agreement (Xoma LTD /De/), Share Option Agreement (Xoma LTD /De/)
Liability of the Company. (a) If the Option Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares that Shares which may without shareholder approval be issued under the Plan, then this Option option will be void with respect to such excess shares unless shareholder approval of an amendment sufficiently increasing the number of shares Shares issuable under the Plan is obtained in accordance with the provisions of the Plan.
Appears in 1 contract
Liability of the Company. (a) If the Option Shares exceed, as of the Grant Date, the number of shares that may without shareholder approval be issued under the Plan, then this Option will be void with respect to such excess shares hares unless shareholder approval of an amendment sufficiently increasing the number of shares issuable under the Plan is obtained in accordance with the provisions of the Plan.
Appears in 1 contract
Samples: Employment Agreement (Intelidata Technologies Corp)
Liability of the Company. (a) a. If the Option Optioned Shares covered by this Agreement exceed, as of the Grant Date, the number of shares that Shares which may without shareholder stockholder approval be issued under the Plan, then this Option option will be void with respect to such excess shares unless shareholder stockholder approval of an amendment sufficiently increasing the number of shares Shares issuable under the Plan is obtained in accordance with the provisions of the Plan.
Appears in 1 contract
Samples: Stock Option Agreement (XOMA Corp)