Common use of Other Restrictions on Exercise Clause in Contracts

Other Restrictions on Exercise. The Option may not be exercised, and any purported exercise will be void, if the issuance of the Option Shares upon such exercise would constitute a violation of any law, regulation or exchange listing requirement. The Board may from time to time modify the terms of this Option or impose additional conditions on the exercise of this Option as it deems necessary or appropriate to facilitate compliance with any law, regulation or exchange listing requirement. As a further condition to the exercise of the Option, the Company may require the Optionee to make any representation or warranty as may be required by or advisable under any applicable law or regulation.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (Collegium Pharmaceutical, Inc), Non Qualified Stock Option Agreement (Collegium Pharmaceutical, Inc), Non Qualified Stock Option Agreement (Bojangles', Inc.)

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