Common use of Plan Registration Clause in Contracts

Plan Registration. With respect to any Plan under which Executive is granted shares of Company Common Stock, or options to purchase shares of Company Common Stock, at any time when such stock is publicly traded, prior to such time as shares become vested (e.g., in the case of an award of restricted stock) or options granted to Executive under the Plan are first exercisable, if such shares must be registered in order to be sold, the Company shall have registered the interests in the Plan and the shares of Company’s Common Stock reserved thereunder prior to the date on which the shares vest or the options first become exercisable, in accordance with all applicable securities laws.

Plan Registration. With respect to any Plan under which Executive is granted shares of Company Common Stockcommon stock (including the Incentive Shares), or options to purchase shares of Company Common Stockcommon stock, at any time when such stock is publicly traded, prior to such time as shares become vested (e.g., in the case of an award of restricted stock) or options granted to Executive under the Plan are first exercisable, if such shares must be registered in order to be sold, the Company shall have registered the interests in the Plan and the shares of Company’s Common Stock common stock reserved thereunder prior to the date on which the shares vest or the options first become exercisableOptions may be exercised, in accordance with all applicable securities laws.

Plan Registration. With respect to any Plan under which Executive is granted shares of Company Common Stockcommon stock (including the Incentive Shares), or options to purchase shares of Company Common Stockcommon stock, at any time when such stock is publicly traded, prior to such time as shares become vested (e.g., in the case of an award of restricted stock) or options granted to Executive under the Plan are first exercisable, if such shares must be registered in order to be sold, the Company shall have registered the interests in the Plan and the shares of Company’s Common Stock common stock reserved thereunder prior to the date on which the shares vest or the options first become exercisableStock Option may be exercised, in accordance with all applicable securities laws.