Common use of REGISTRATION ON FORM S-8 Clause in Contracts

REGISTRATION ON FORM S-8. The Company hereby agrees that in the event that during the term Options are exercisable, the Company causes to be filed with the Securities and Exchange Commission a registration statement on Form S-8 (or equivalent form as may be in effect at such time) the Optionee may include in such registration statement all shares underlying options granted to Optionee under the Plan. The Company covenants that it will keep such registration statement current and effective while the Optionee or his guardian or estate has the right to exercise any of the options granted hereunder. The Company also hereby agrees that in the event that during the term the Company causes to be filed with the Securities and Exchange Commission a registration statement on a form other than Form S-8, Optionee shall have "piggyback" registration rights to include in such registration statement all the options and shares underlying options granted to Optionee under the Plan, subject to a reasonable cutback in the inclusion of such options and shares if the Board or the Company's underwriter determines that such cutback is necessary to prevent an adverse effect on the Company's offering.