Common use of Listing and Registration of Shares Clause in Contracts

Listing and Registration of Shares. If at any time the Committee, in its discretion, shall determine that it is necessary or desirable to list, register or qualify the Option Shares upon any securities exchange or under any state or federal law, or to obtain the consent or approval of any governmental regulatory body, as a condition of, or in connection with, the granting of the Option or the issue or purchase of shares hereunder, the Option may not be exercised in whole or in part unless and until such listing, registration, qualification, consent, or approval shall have been effected or obtained free of any conditions not acceptable to the Committee.

Listing and Registration of Shares. If Each option shall be subject to the requirement that if at any time the Committee, in its discretion, Committee shall determine that it is necessary the listing, registration, or desirable to list, register or qualify qualification of the Option Shares shares covered thereby upon any securities exchange or under any federal or state law or federal law, or to obtain the consent or approval of any governmental regulatory body, is necessary or desirable as a the condition of, or in connection with, the granting of the Option any such option or the issue or purchase of shares hereunderthereunder, the Option such option may not be exercised in whole or in part unless and until such listing, registration, qualification, consent, or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. In this regard, the Committee may impose such conditions upon the exercise of any option granted under the Plan as it may deem necessary or advisable to assure compliance with such laws, rules and regulations.