Common use of Restrictions on Issuance of Shares of Common Stock Clause in Contracts

Restrictions on Issuance of Shares of Common Stock. Micro shall not be obligated to issue any Shares prior to the fulfillment of all of the following conditions: (a) The admission of such Shares to listing on all stock exchanges on which the Common Stock is then listed; (b) The completion of any registration or other qualification of such Shares under any state or federal law or under rulings or regulations of the U.S. Securities and Exchange Commission or of any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; (c) The obtaining of any approval or other clearance from any state or federal governmental agency which the Committee shall, in its absolute discretion, determine to be necessary or advisable; (d) The receipt by Micro of full payment for such Shares, including payment of any applicable withholding tax; and (e) The lapse of such reasonable period of time following the vesting of the Restricted Unit Awards as the Committee may from time to time establish for reasons of administrative convenience but in any event within 30 days of the Vesting Date.

Restrictions on Issuance of Shares of Common Stock. Micro shall not be obligated to issue any Shares prior to the fulfillment of all of the following conditions: (a) The admission of such Shares to listing on all stock exchanges on which the Common Stock is then listed; (b) The completion of any registration or other qualification of such Shares under any state or federal law or under rulings or regulations of the U.S. Securities and Exchange Commission or of any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; (c) The obtaining of any approval or other clearance from any state or federal governmental agency which the Committee shall, in its absolute discretion, determine to be necessary or advisable; (d) The receipt by Micro of full payment for such Shares, including payment of any applicable withholding tax; and (e) The lapse of such reasonable period of time following the vesting of the Restricted Unit Awards as the Committee may from time to time establish for reasons of administrative convenience but in any event within 30 days of the Vesting Dateconvenience.