Common use of Listing, Registration, and Legal Compliance Clause in Contracts

Listing, Registration, and Legal Compliance. If at any time the Committee, in its discretion, determines that the listing, registration, or qualification of the Option Shares upon any securities exchange or under any state or federal securities or other law or regulation, or the consent, or approval of any governmental regulatory body, is necessary or desirable as a condition to or in connection with the granting of Options or the purchase or issuance of Option Shares thereunder, no Options may he granted or exercised, in whole or in part, unless such listing, registration, qualification, consent, or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. Grantee agrees to supply the Company with such certificates, representations, and information as the Company shall request and shall otherwise cooperate, with the Company in obtaining such listing, registration, qualification, consent, or approval. In the case of officers and other persons subject to Section 16(b) of the Securities Exchange Act of 1934, as amended, the Committee may impose, at any time, any limitations upon the exercise of Options that, in the Committee's discretion, are necessary or desirable in order to comply with such Section I 6(h) and the rules and regulations thereunder. If the Company, as part of an offering of securities or otherwise finds it desirable because of federal or state regulatory requirements to reduce the period during which any Options may be exercised, the Committee may, in its discretion and without Grantee's consent, so reduce such period on not less than 15 days' written notice to the holders thereof.

Appears in 2 contracts

Samples: Option Agreement (Lower Road Associates LLC), Option Agreement (Lower Road Associates LLC)

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Listing, Registration, and Legal Compliance. If at any time the Committee, in its discretion, determines that the listing, registration, or qualification of the Option Shares upon any securities exchange or under any state or federal securities or other law or regulation, or the consent, or approval of any governmental regulatory body, is necessary or desirable as a condition to or in connection with the granting of Options or the purchase or issuance of Option Shares thereunder, no Options may he be granted or exercised, in whole or in part, unless such listing, registration, qualification, consent, or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. Grantee agrees to supply the Company with such certificates, representations, and information as the Company shall request and shall otherwise cooperate, cooperate with the Company in obtaining such listing, registration, qualification, consent, or approval. In the case of officers and other persons subject to Section 16(b) of the Securities Exchange Act of 1934, as amended, the Committee may impose, at any time, any limitations upon the exercise of Options that, in the Committee's discretion, are necessary or desirable in order to comply with such Section I 6(h16(b) and the rules and regulations thereunder. If the Company, as part of an offering of securities or otherwise otherwise, finds it desirable because of federal or state regulatory requirements to reduce the period during which any Options may be exercised, the Committee may, in its discretion and without Grantee's consent, 9 EXECUTION COPY so reduce such period on not less than 15 days' written notice to the holders thereof.

Appears in 2 contracts

Samples: Option Agreement (Lower Road Associates LLC), Option Agreement (Lower Road Associates LLC)

Listing, Registration, and Legal Compliance. If at any time the CommitteeCommittee determines, in its discretion, determines that the listing, registration, registration or qualification of the Option Shares shares subject to Options upon any securities exchange or under any state or federal securities or other law or regulation, or the consent, consent or approval of any governmental regulatory body, is necessary or desirable as a condition to or in connection with the granting of Options or the purchase or issuance of Option Shares shares thereunder, no Options may he be granted or exercised, in whole or in part, unless such listing, registration, qualification, consent, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. Grantee agrees to The holders of such Options will supply the Company with such certificates, representations, representations and information as the Company shall request and shall otherwise cooperate, cooperate with the Company in obtaining such listing, registration, qualification, consent, consent or approval. In the case of officers and other persons subject to Section 16(b) of the Securities Exchange Act of 1934, as amended, the Committee may impose, at any time, time impose any limitations upon the exercise of Options that, in the Committee's discretion, are necessary or desirable in order to comply with such Section I 6(h16(b) and the rules and regulations thereunder. If the Company, as part of an offering of securities or otherwise otherwise, finds it desirable because of federal or state regulatory requirements to reduce the period during which any Options may be exercised, the Committee may, in its discretion and without Granteethe Participant's consent, so reduce such period on not less than 15 days' written notice to the holders thereof.

Appears in 1 contract

Samples: McMS Inc

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Listing, Registration, and Legal Compliance. If at any time the CommitteeCommittee determines, in its discretion, determines that the listing, registration, registration or qualification of the Option Shares shares subject to Options upon any securities exchange or under any state or federal securities or other law or regulation, or the consent, consent or approval of any governmental regulatory body, is necessary or desirable as a condition to or in connection with the granting of Options or the purchase or issuance of Option Shares shares thereunder, no Options may he be granted or exercised, in whole or in part, unless such listing, registration, qualification, consent, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. Grantee agrees to The holders of such Options will supply the Company with such certificates, representations, representations and information as the Company shall request and shall otherwise cooperate, cooperate with the Company in obtaining such listing, registration, qualification, consent, consent or approval. In the case of officers and other persons Persons subject to Section 16(b) of the Securities Exchange Act of 1934, as amended, the Committee may impose, at any time, time impose any limitations upon the exercise of Options that, in the Committee's discretion, are necessary or desirable in order to comply with such Section I 6(h16(b) and the rules and regulations thereunder. If the Company, as part of an offering of securities or otherwise otherwise, finds it desirable because of federal or state regulatory requirements to reduce the period during which any Options may be exercised, the Committee may, in its discretion and without Grantee's consentthe consent of the holder of any such Option, so reduce such period on not less than 15 days' written notice to the holders thereof.

Appears in 1 contract

Samples: Mattress Discounters Corp

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