No Obligation to Issue Shares. The Company shall not be obliged to allot and issue any Shares or any interest in Shares pursuant to the exercise of this option unless and until the Optionee has paid to the Company such sum as is, in the opinion of the Company, sufficient to indemnify the Company in full against the Option Tax Liability and the Secondary NIC Liability, or the Optionee has made such other arrangement as in the opinion of the Company will ensure that the full amount of any Option Tax Liability and any Secondary NIC Liability will be recovered from the Optionee within such period as the Company may then determine.
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Samples: Stock Option Agreement (Eurosite Power Inc.), Stock Option Agreement (Fluidigm Corp), Stock Option Agreement (Fluidigm Corp)
No Obligation to Issue Shares. The Company shall not be obliged to allot and issue any Shares or any interest in Shares pursuant to the exercise of this option Option unless and until the Optionee Participant has paid to the Company such sum as is, in the opinion of the Company, sufficient to indemnify the Company in full against the Option Award Tax Liability and the Secondary NIC Liability, or the Optionee Participant has made such other arrangement as in the opinion of the Company will ensure that the full amount of any Option Award Tax Liability and any Secondary NIC Liability will be recovered from the Optionee Participant within such period as the Company may then determine..
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No Obligation to Issue Shares. The Company shall not be obliged to allot and issue any Shares or any interest in Shares pursuant to the exercise of this option Option unless and until the Optionee has paid to the Company such sum as is, in the opinion of the Company, sufficient to indemnify the Company in full against the Option Award Tax Liability and the Secondary NIC Liability, or the Optionee has made such other arrangement as in the opinion of the Company will ensure that the full amount of any Option Award Tax Liability and any Secondary NIC Liability will be recovered from the Optionee within such period as the Company may then determine.
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Samples: Non Qualified Share Option Agreement (Mimecast LTD)
No Obligation to Issue Shares. The Company shall not be obliged to allot and issue any Shares or any interest in Shares pursuant to the exercise of this option Option unless and until the Optionee Participant has paid to the Company such sum as is, in the opinion of the Company, sufficient to indemnify the Company in full against the Option Tax Liability and the Secondary NIC Liability, or the Optionee Participant has made such other arrangement as in the opinion of the Company will ensure that the full amount of any Option Tax Liability and any Secondary NIC Liability will be recovered from the Optionee Participant within such period as the Company may then determine.
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