Common use of Limitation on Liability of the Company Clause in Contracts

Limitation on Liability of the Company. (a) If the number of shares of Common Stock covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement shall be void with respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) with respect to such excess shares. (b) The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance of any shares of Common Stock pursuant to this Agreement shall relieve the Company of any liability with respect to the nonissuance of the shares of Common Stock as to which such approval shall not have been obtained.

Appears in 4 contracts

Samples: Restricted Stock Units Agreement (Rural/Metro Corp /De/), Restricted Stock Units Agreement (Allied Waste Industries Inc), Restricted Stock Units Agreement (Allied Waste Industries Inc)

AutoNDA by SimpleDocs

Limitation on Liability of the Company. (a) If the number of shares of Common Stock Rights covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement the Rights shall be void with respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) exercise of the Rights with respect to such excess shares. (b) The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance exercise of any shares of Common Stock Rights pursuant to this Agreement shall relieve the Company of any liability with respect to any nonpayment by the nonissuance Company with respect to the exercise of the shares of Common Stock any Rights as to which such approval shall not have been obtained.

Appears in 2 contracts

Samples: Stock Appreciation Rights Agreement (Rural/Metro Corp /De/), Stock Appreciation Rights Agreement (Rural/Metro Corp /De/)

Limitation on Liability of the Company. (a) If the number of shares of Common Stock Option Shares covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement Option shall be void with respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) exercise of this Option with respect to such excess shares. (b) The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance and sale of any shares of Common Stock Option Shares pursuant to this Agreement shall relieve the Company of any liability with respect to the nonissuance or sale of the shares of Common Stock Option Shares as to which such approval shall not have been obtained.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Allied Waste Industries Inc)

Limitation on Liability of the Company. (a) If the number of shares of Common Stock covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement shall be void with respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) with respect to such excess shares. (b) The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance of any shares of Common Stock pursuant to this Agreement shall relieve the Company of any liability with respect to the nonissuance non-issuance of the shares of Common Stock as to which such approval shall not have been obtained.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Rural/Metro Corp /De/)

AutoNDA by SimpleDocs

Limitation on Liability of the Company. (a) If the number of shares of Common Stock Shares covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement shall be void with respect to such excess shares Shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) with respect to such excess sharesShares. (b) The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance of any shares of Common Stock Shares pursuant to this Agreement shall relieve the Company of any liability with respect to the nonissuance of the shares of Common Stock Shares as to which such approval shall not have been obtained.

Appears in 1 contract

Samples: Restricted Stock Agreement (Allied Waste Industries Inc)

Limitation on Liability of the Company. (a) If the number of shares of Common Stock covered by this Agreement (individually, or in combination with other Awards granted under the Plan) exceeds, as of the Grant Date, the number of shares of the Company’s Common Stock that may be issued under the Plan without stockholder approval, then this Agreement shall be void with respect to such excess shares unless the Company obtains stockholder approval of an amendment to the Plan increasing the number of shares of Common Stock issuable under the Plan prior to the Vesting Date(s) Issue Date with respect to such excess shares. (b) The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance of any shares of Common Stock pursuant to this Agreement shall relieve the Company of any liability with respect to the nonissuance of the shares of Common Stock as to which such approval shall not have been obtained.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Allied Waste Industries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!