Reservation of Option Shares. The Company shall at all times keep reserved and available, out of its authorized Common Stock, such number of shares of Common Stock as shall be sufficient to provide for the exercise of the rights represented by this Agreement. The transfer agent for the Common Stock and any successor transfer agent for any shares of the Company's capital stock issuable upon the exercise of any of such rights of purchase, will be irrevocably authorized and directed at all times to reserve such number of shares as shall be requisite for such purpose. The Company will cause a copy of this Agreement to be kept on file with the transfer agent or its successors.
Reservation of Option Shares. The Company agrees that, prior to the expiration of this Option, the Company will at all times have authorized and in reserve, and will keep available, solely for issuance or delivery upon the exercise of this Option, the shares of the Common Stock and other securities and properties as from time to time shall be receivable upon the exercise of this Option, free and clear of all restrictions on sale or transfer (except for applicable state or federal securities laws restrictions) and free and clear of all pre-emptive rights.
Reservation of Option Shares. The Company shall at all times during the Term (as defined in Section 3) reserve and keep available such number of shares of dreamlife Stock as will be sufficient to satisfy the requirements of this Agreement, shall pay all original issue and transfer taxes with respect to the issue and transfer of shares pursuant hereto and all other fees and expenses necessarily incurred by the Company in connection therewith, and will from time to time use its best efforts to comply with all laws and regulations which, in the opinion of counsel for the Company, shall be applicable thereto.
Reservation of Option Shares. The Company will, until the ---------------------------- Final Expiration Date, reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued Common Stock or its authorized and issued Common Stock held in its treasury, for the purpose of enabling it to satisfy any obligation to issue Option Shares upon exercise of this Option, the maximum number of shares of Common Stock which may then be deliverable upon the exercise of this Option.
Reservation of Option Shares. The Company shall at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued Shares, the aggregate number of the Option Shares deliverable upon the exercise of all outstanding Options, for the purpose of enabling it to satisfy any obligation to issue the Option Shares upon the exercise of the Options as provided herein.
Reservation of Option Shares. Parent shall take all corporate action necessary to reserve for issuance a sufficient number of shares of Parent Common Stock for delivery upon exercise of all Company Stock Options assumed in accordance with this Section 5.6. As soon as practicable after the Effective Time, Parent shall file a registration statement on Form S-8 (or other appropriate form) or a post-effective amendment to the Form S-4 for purposes of registering all shares of Parent Common Stock issuable after the Effective Time upon exercise of those options and shall use its reasonable best efforts to maintain the effectiveness of the registration statement for so long as those options remain outstanding.
Reservation of Option Shares. The Corporation shall at all times keep reserved, out of its authorized common stock, a number of shares of common stock sufficient to provide for the exercise of the Option.
Reservation of Option Shares. The Grantor covenants that he will at all times own and keep unencumbered sufficient shares of of Common Stock, solely for the purpose of enabling him to deliver the Option Shares upon exercise of this Option as herein provided, the number of Option Shares which are then issuable and deliverable upon the exercise of this entire Option, free from preemptive rights or any other contingent purchase rights of persons other than the Holder (taking into account the adjustments and restrictions of Section 5). The Grantor covenants that all Option Shares so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms hereof, be duly and validly authorized, issued and fully paid and nonassessable.
Reservation of Option Shares. LLC shall at all times keep reserved out of the Common Stock it owns, a number of shares of Common Stock free and clear of all liens, other than the Liens created by the Financing Documents, sufficient to provide for (i) the exercise of the Option and (ii) the transfer of all Option Shares transferable upon the exercise of the Option. LLC and the Company will keep a copy of this Agreement on file with the Transfer Agent. All Option Shares which may be transferred to the respective Holder upon exercise of the Option shall, upon transfer and payment of the Exercise Price pursuant to Section 4.04 hereof, be fully paid, nonassessable, free of preemptive rights and free from all taxes, Liens, charges and security interests with respect to the issue thereof. LLC or the Company will supply the Transfer Agent with duly executed stock certificates for such purpose.
Reservation of Option Shares. The Corporation shall at all times during the term of this Agreement reserve and keep available such number of shares of its Common Stock as will be sufficient to satisfy the requirements of this Agreement.
