Common use of Postponement of Delivery of Shares Clause in Contracts

Postponement of Delivery of Shares. The Company, in its discretion, may postpone the issuance or delivery of Option Shares upon any exercise of the options until completion of any then pending registration of such shares under the Securities Act of 1933, as amended ("Securities Act"), covering the resale of such securities by Optionee.

Postponement of Delivery of Shares. The Company, in its discretion, may postpone the issuance or delivery of Option Shares upon any exercise of the options until completion of any then pending registration of such shares under the Securities Act of 1933, as amended ("“Securities Act"”), covering the resale of such securities by Optionee.