Common use of Limitation on Exercise Clause in Contracts

Limitation on Exercise. If the board of directors of the Company, in its sole discretion, shall determine that it is necessary or desirable to list, register, or qualify the Common Stock under any state or federal law, this Option may not be exercised, in whole or part, until such listing, registration, or qualification shall have been obtained free of any conditions not acceptable to the board of directors.

Limitation on Exercise. If the board of directors of the Company, ------------------------ in its sole discretion, shall determine that it is necessary or desirable to list, register, or qualify the Common Stock under any state or federal law, this Option may not be exercised, in whole or part, until such listing, registration, or qualification shall have been obtained free of any conditions not acceptable to the board of directors.

Limitation on Exercise. If the board Board of directors Directors of the Company, in its their sole discretion, shall determine that it is necessary or desirable to list, register, or qualify the Common Stock under any state or federal law, this Option may not be exercised, in whole or part, until such listing, registration, or qualification shall have been obtained free of any conditions not acceptable to the board of directors, within a reasonable time frame.

Limitation on Exercise. If the board Board of directors Directors of the Company, in its their sole discretion, shall determine that it is necessary or desirable to list, register, or qualify the Common Stock under any state or federal law, this Option may not be exercised, in whole or part, until such listing, registrationregistration , or qualification shall have been obtained free of any conditions not acceptable to the board of directors.

Limitation on Exercise. If the board of directors of the Company, in its sole discretion, shall determine that it is necessary or desirable to list, register, or qualify the Common Stock Shares under any state or federal law, this Option may the Optionee shall not be exercisedentitled to receive Common Shares pursuant to any Election Exercise or exercise of any Option, in whole or part, until such listing, registration, or qualification shall have been obtained free of any conditions not acceptable to the board of directors.