LIMITATION OF COMPANY'S LIABILITY FOR NONISSUANCE. Inability of the Company to obtain, from any regulatory body having jurisdiction, authority reasonably deemed by the Company's counsel to be necessary for the lawful issuance and sale of any shares of Common Stock hereunder and under the Plan shall relieve the Company of any liability in respect of the nonissuance or sale of such shares as to which such requisite authority shall not have been obtained.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Golden State Vintners Inc), Nonqualified Stock Option Agreement (Golden State Vintners Inc), Incentive Stock Option Agreement (Golden State Vintners Inc)
LIMITATION OF COMPANY'S LIABILITY FOR NONISSUANCE. Inability The inability of the Company to obtain, from any regulatory body having jurisdiction, stock exchange or quotation system, authority reasonably deemed by the Company's counsel to be necessary for the lawful issuance and sale of any shares of Common Stock hereunder and under the Plan shall relieve the Company of any liability in respect of the nonissuance or sale of such shares as to which such requisite authority shall not have been obtained.
Appears in 3 contracts
Samples: Incentive Stock Option Agreement (Interpacket Networks Inc), Nonqualified Stock Option Agreement (Interpacket Networks Inc), Nonqualified Stock Option Agreement (Interpacket Networks Inc)
LIMITATION OF COMPANY'S LIABILITY FOR NONISSUANCE. Inability The inability of the Company to obtain, from any regulatory body having jurisdiction, authority reasonably deemed by the Company's counsel to be necessary for the lawful issuance and sale of any shares of Common Stock the Shares hereunder and under the Plan shall relieve the Company of any liability in respect of the nonissuance or sale of such shares as to which such requisite authority shall not have been obtained.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Golden State Vintners Inc), Nonqualified Stock Option Agreement (Golden State Vintners Inc)
LIMITATION OF COMPANY'S LIABILITY FOR NONISSUANCE. Inability of ------------------------------------------------- the Company to obtain, from any regulatory body having jurisdiction, authority reasonably deemed by the Company's counsel to be necessary for the lawful issuance and sale of any shares of its Common Stock hereunder and under the Plan shall relieve the Company of any liability in respect of the nonissuance or sale of such shares as to which such requisite authority shall not have been obtained.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Buttrey Food & Drug Stores Co)
LIMITATION OF COMPANY'S LIABILITY FOR NONISSUANCE. Inability of the ------------------------------------------------- Company to obtain, from any regulatory body having jurisdiction, authority reasonably deemed by the Company's counsel to be necessary for the lawful issuance and sale of any shares of its Common Stock hereunder and under the Plan shall relieve the Company of any liability in respect of the nonissuance or sale of such shares as to which such requisite authority shall not have been obtained.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Cb Commercial Real Estate Services Group Inc)
