Other Conditions and Limitations. The Option shall not be assignable or transferable by the Optionee otherwise than by will or by the laws of descent and distribution, and the Option shall be exercisable during the lifetime of the Optionee by the Optionee only.
Other Conditions and Limitations. (a) The Option is granted on the condition that the purchase of Common Stock hereunder shall be for investment purposes and not with a view to resale or distribution, except that such condition shall be inoperative if the offering of Common Stock subject to the Option is registered under the 1933 Act or if in the opinion of counsel for the Company such Stock may be resold without registration. At the time of the exercise of the Option or any installment thereof, the Optionee will execute such further agreements as the Company may require to implement the foregoing condition and to acknowledge the Optionee's familiarity with restrictions on the sale of the Shares under applicable securities laws.
(b) The Company will furnish upon request of the Optionee copies of the Certificate of Incorporation of the Company, as amended, and By-Laws of the Company and such publicly available financial and other information concerning the Company and its business and prospects as may be reasonably requested by the Optionee in connection with the exercise of the Option.
(c) The Option shall not be transferable otherwise than by will or by the laws of descent and distribution, and the Option shall be exercisable during the lifetime of the Optionee by the Optionee only. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned, transferred (except as provided above), pledged or hypothecated in any way and shall not be subject to execution, attachment or similar process, and any attempt to do so shall be null and void and without effect.
(d) The Option may not be exercised while there is outstanding any incentive stock option that was granted to the Optionee before the granting of the Option and that permits the Optionee to purchase any stock of the Company.
Other Conditions and Limitations. (a) The Option is granted on the condition that the purchase of Shares thereunder shall be for investment purposes and not with a view to resale or distribution, except that such condition shall be inoperative if the offering of Shares subject to the Option is registered under the Act or if in the opinion of counsel for the Company such Shares may be resold without registration. At the time of the exercise of the Option or any portion thereof, the Grantee will execute such further agreements as the Company may reasonably require to implement the foregoing condition and to acknowledge the Grantee's familiarity with restrictions on the resale of the Shares under applicable securities laws.
(b) The Company will furnish upon request of the Grantee copies of such publicly available financial and other information concerning the Company and its business and prospects as may be reasonably requested by the Grantee in connection with the exercise of the Option, or any portion thereof.
Other Conditions and Limitations. The Option shall not be assignable or transferable by the Participant otherwise than by will or by the laws of descent and distribution, and the Option shall be exercisable during the lifetime of the Participant by the Participant only.
Other Conditions and Limitations. The Option shall not be -------------------------------- transferable by the Consultant otherwise than by will or by the laws of descent and distribution, and the Option shall be exercisable during the lifetime of the Consultant by the Consultant only.
Other Conditions and Limitations. The Grant Shares are granted on -------------------------------- the condition that the receipt of the Grant Shares hereunder shall be for investment purposes and not with a view to resale or distribution, except that such condition shall be inoperative if the reoffering of Grant Shares is registered under the Securities Act of 1933, as amended, or if in the opinion of counsel for the Company such Grant Shares may be resold without registration.
Other Conditions and Limitations. Any other provision hereof notwithstanding:
(a) Xxxxxxx'x registration rights under this Section 3 are subject to the conditions that (i) in the case of a Registration under Section 3.1 relating to an underwritten offering of Registrable Securities, the underwriting agreement and other documents to which LCSG is a party or which purport to obligate LCSG with respect to any matter be reasonably satisfactory to LCSG, and (ii) in the case of a registration under Section 3.2 relating to an underwritten offering of securities of LCSG, Xxxxxxx agrees to the terms and conditions of, and executes and delivers the underwriting agreement, a custody or deposit agreement and a power of attorney, each in the customary form required by the underwriters, and such other underwriting documents as the underwriters may reasonably require as a condition to effecting the offering or the inclusion of Registrable Securities therein;
(b) the registration rights pursuant to Section 3.1 or 3.2 and LCSG's obligations under this Article 3 shall be suspended at any time when LCSG does not have a class of equity securities (as defined in Section 3(a)(11) of the Exchange Act and Rule 3a11-1 thereunder) registered under Section 12(b) or 12(g) of the Exchange Act; and
(c) notwithstanding that a demand for registration has been duly made pursuant to Section 3.1 or 3.2, LCSG shall not be obligated to prepare or file a registration statement under the Securities Act with respect to any Registrable Securities as to which such demand relates, or to register or to qualify any such Registrable Securities under any applicable Blue Sky Law, and if such a registration statement has been filed or Blue Sky Filing has been made, LCSG may suspend or withdraw such registration statement or Blue Sky Filing, if the Board of Directors of LCSG determines in good faith that such registration would or could reasonably be expected to interfere with or adversely affect the prospects of consummating, or result in terms or conditions less favorable to LCSG relating to, any material acquisition or disposition of assets (within the meaning and scope of Item 2 of Form 8-K under the Exchange Act) or any public or private financing as to which LCSG has entered into a definitive agreement or is engaged in substantive negotiations for a period of 180 days after such demand for registration is made; provided that LCSG may not so delay or suspend such registration on more than one occasion in any period of twelve (12) con...
Other Conditions and Limitations. (a) The Company will furnish upon request of the Optionee copies of such publicly available financial and other information concerning the Company and its business and prospects as may be reasonably requested by the Optionee in connection with the exercise of this option.
(b) The option will not be transferable by the Optionee otherwise than by will or by the laws of descent and distribution, and the option will be exercisable during the Optionee's lifetime only by the Optionee (or the Optionee's guardian or legal representative).
Other Conditions and Limitations. (a) The Company shall register the Common Stock subject to this option on Form S-8 under the Securities Act of 1933, as amended. The option is granted on the condition that the purchase of Common Stock hereunder shall be for investment purposes and not with a view to resale or distribution, except that such condition shall be inoperative if the offering of Common Stock subject to the option is registered, or if in the opinion of counsel for the Company such Common Stock may be resold without registration. At the time of the exercise of the option or any installment thereof, the Optionee will execute such further agreements as the Company may require to implement the foregoing condition and to acknowledge the Optionee's familiarity with restrictions on the resale of the shares under applicable securities laws.
(b) The Company will furnish upon request of the Optionee such publicly available financial and other information concerning the Company and its business and prospects as may be reasonably requested by the Optionee in connection with the exercise of this option.
(c) The option shall not be transferable by the Optionee otherwise than by will or by the laws of descent and distribution, and the option shall be exercisable during the Optionee's lifetime only by the Optionee (or the Optionee's guardian or legal representative).
(d) The Optionee shall have no rights as a stockholder or any claim to dividends with respect to any shares covered by this option until the date the option has been exercised and the full purchase price for such shares has been received by the Company.
Other Conditions and Limitations. In the case of the trainer engaged in Phono-Graphix training as a corporate entity, all lia- bilities under this agreem ent m ay fall to both the individual trainer and the corporate enti- ty.
